Hoth Therapeutics Inc. [NASDAQ: HOTH] stock went on a downward path that fall over -7.94% on Tuesday, amounting to a one-week price increase of more than 3.14%. The company report on April 6, 2021 that Hoth Therapeutics Engages Worldwide Clinical Trials as Contract Research Organization for Phase 2a HT-001 Clinical Trial for Cancer Patients.
Hoth Therapeutics, Inc. (NASDAQ: HOTH), a patient focused biopharmaceutical company, announced that it has engaged Worldwide Clinical Trials (“Worldwide”), a full-service Contract Research Organization (“CRO”) for its upcoming Phase 2a dose ranging clinical trial of HT-001 for treatment of cutaneous toxicities associated with EGFR inhibitor therapy for cancer patients.
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Worldwide is a midsized, full-service, global CRO founded by physicians committed to advancing medical science. From early phase and bioanalytical sciences through late phase, post-approval, and real-world evidence, the company offers expertise in oncology, neuroscience, cardiovascular, metabolic disease, and rare diseases. Worldwide manages clinical trials in more than 60 countries throughout North America, Latin America, Europe, Russia, and Asia Pacific.
Over the last 12 months, HOTH stock dropped by -34.98%. The average equity rating for HOTH stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $43.58 million, with 13.45 million shares outstanding and 6.70 million shares in the current float. Compared to the average trading volume of 3.78M shares, HOTH stock reached a trading volume of 2023028 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 0.22 The Price to Book ratio for the last quarter was 5.63, with the Price to Cash per share for the same quarter was set at 0.21.
HOTH Stock Performance Analysis:
Hoth Therapeutics Inc. [HOTH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.14. With this latest performance, HOTH shares gained by 6.49% in over the last four-week period, additionally plugging by 3.68% over the last 6 months – not to mention a drop of -34.98% 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 44.58, with the RSI for the last a single of trading hit 43.22, and the three-weeks RSI is set at 45.81 for Hoth Therapeutics Inc. [HOTH]. The present Moving Average for the last 50 days of trading for this stock 2.2348, while it was recorded at 2.0000 for the last single week of trading, and 2.1980 for the last 200 days.
Insight into Hoth Therapeutics Inc. 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.
HOTH Stock EPS
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.
Hoth Therapeutics Inc. [HOTH] Insider Position Details
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 27.60% of the total institutional ownership; VANGUARD GROUP INC, holding 49,687 shares of the stock with an approximate value of $98000.0 in HOTH stocks shares; and TWO SIGMA ADVISERS, LP, currently with $78000.0 in HOTH stock with ownership of nearly New of the company’s market capitalization.
Positions in Hoth Therapeutics Inc. stocks held by institutional investors increased at the end of May and at the time of the May 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.