Hoth Therapeutics Inc. [HOTH] Stock trading around $2.51 per share: What’s Next?

Hoth Therapeutics Inc. [NASDAQ: HOTH] jumped around 0.33 points on Tuesday, while shares priced at $2.51 at the close of the session, up 15.14%. The company report on March 23, 2021 that Hoth Therapeutics Announces Positive Preclinical Results for Novel COVID-19 Therapeutic.

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Hoth Therapeutics, Inc. (NASDAQ: HOTH), a biopharmaceutical company, announced new in vitro data demonstrating SARS-CoV-2 antiviral activity for its lead peptide candidate for HT-002, a novel therapeutic targeted for the treatment of COVID-19. The data was generated in collaboration with Dr. Michael Peters, Hoth Scientific Advisory Board Member and Professor of Chemical and Life Science Engineering at Virginia Commonwealth University.

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The in vitro study was conducted using a standard cytoprotection assay with live SARS-CoV-2 virus (strain USA-WA1/2020 World Reference Center for Emerging Viruses and Arboviruses, WRCEVA) and tested in Vero E6 cells using serial dilutions of the novel peptide. The lead HT-002 peptide candidate was shown to inhibit 50% of the cytopathic effect (CPE) of the SARS-CoV-2 virus at 61.7 µM (the EC50). Further, no cytotoxicity was demonstrated at concentrations of up to 200 µM of the peptide, supporting that this lead peptide has the potential to be a promising novel therapeutic for the treatment of COVID-19.

Hoth Therapeutics Inc. stock is now 5.91% up from its year-to-date (YTD) trading value. HOTH Stock saw the intraday high of $3.15 and lowest of $2.33 per share. The company’s 52-week high price is 7.00, which means current price is +46.78% above from all time high which was touched on 02/18/21.

Compared to the average trading volume of 4.52M shares, HOTH reached a trading volume of 79763223 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Hoth Therapeutics Inc. [HOTH]?

The Benchmark Company have made an estimate for Hoth Therapeutics Inc. shares, keeping their opinion on the stock as Speculative Buy, with their previous recommendation back on October 15, 2019.

The Average True Range (ATR) for Hoth Therapeutics Inc. is set at 0.32 The Price to Book ratio for the last quarter was 7.17, with the Price to Cash per share for the same quarter was set at 0.21.

How has HOTH stock performed recently?

Hoth Therapeutics Inc. [HOTH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.40. With this latest performance, HOTH shares gained by 9.13% in over the last four-week period, additionally plugging by 10.09% over the last 6 months – not to mention a drop of -32.89% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HOTH stock in for the last two-week period is set at 61.02, with the RSI for the last a single of trading hit 68.69, and the three-weeks RSI is set at 57.73 for Hoth Therapeutics Inc. [HOTH]. The present Moving Average for the last 50 days of trading for this stock 2.27, while it was recorded at 2.25 for the last single week of trading, and 2.23 for the last 200 days.

Hoth Therapeutics Inc. [HOTH]: Deeper insight into the fundamentals

Return on Total Capital for HOTH is now -207.40, given the latest momentum, and Return on Invested Capital for the company is -204.44. Return on Equity for this stock declined to -204.44, with Return on Assets sitting at -178.19.

Reflecting on the efficiency of the workforce at the company, Hoth Therapeutics Inc. [HOTH] managed to generate an average of -$2,399,272 per employee.Hoth Therapeutics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 15.30 and a Current Ratio set at 15.30.

Earnings analysis for Hoth Therapeutics Inc. [HOTH]

With the latest financial reports released by the company, Hoth Therapeutics Inc. posted -0.18/share EPS, while the average EPS was predicted by analysts to be reported at -0.17/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -5.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HOTH.

Insider trade positions for Hoth Therapeutics Inc. [HOTH]

There are presently around $1 million, or 1.60% of HOTH stock, in the hands of institutional investors. The top three institutional holders of HOTH stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 157,190, which is approximately 98.452% of the company’s market cap and around 37.89% of the total institutional ownership; VANGUARD GROUP INC, holding 49,687 shares of the stock with an approximate value of $0.12 million in HOTH stocks shares; and TWO SIGMA ADVISERS, LP, currently with $100000.0 in HOTH stock with ownership of nearly New of the company’s market capitalization.

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Positions in Hoth Therapeutics Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 10 institutional holders increased their position in Hoth Therapeutics Inc. [NASDAQ:HOTH] by around 168,609 shares. Additionally, 4 investors decreased positions by around 21,193 shares, while 5 investors held positions by with 167,402 shares. The mentioned changes placed institutional holdings at 357,204 shares, according to the latest SEC report filing. HOTH stock had 7 new institutional investments in for a total of 82,450 shares, while 3 institutional investors sold positions of 14,609 shares during the same period.

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