Hoth Therapeutics Inc. [NASDAQ: HOTH] stock went on an upward path that rose over 5.48% on Tuesday, amounting to a one-week price decrease of less than -8.33%. The company report on April 20, 2021 that Hoth Therapeutics Announces its mRNA Frame Shifting Therapeutic Significantly Inhibits Tumor Growth in Mast Cell-Derived Cancers.
Reports Preclinical Data Significantly Reduces Tumor Growth in a Humanized Mast Cell Neoplasm Model for Treatment of Aggressive, Mast Cell-Derived Cancers.
Hoth Therapeutics, Inc. (NASDAQ: HOTH), a patient-focused clinical-stage biopharmaceutical company, announced that its novel anti-cancer therapeutic exhibited highly positive results in humanized mast cell neoplasm models, representative in vitro and in vivo models for aggressive, mast cell-derived cancers such as mast cell leukemia and mast cell sarcoma. The anti-cancer therapeutic, which is currently in development, uses mRNA frame shifting that induces apoptosis of neoplastic mast cells.
Over the last 12 months, HOTH stock dropped by -50.64%. 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 $36.45 million, with 13.45 million shares outstanding and 6.70 million shares in the current float. Compared to the average trading volume of 3.80M shares, HOTH stock reached a trading volume of 40901411 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 0.20 The Price to Book ratio for the last quarter was 4.40, with the Price to Cash per share for the same quarter was set at 0.20.
HOTH Stock Performance Analysis:
Hoth Therapeutics Inc. [HOTH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.33. With this latest performance, HOTH shares dropped by -30.32% in over the last four-week period, additionally sinking by -13.97% over the last 6 months – not to mention a drop of -50.64% 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 34.77, with the RSI for the last a single of trading hit 31.12, and the three-weeks RSI is set at 38.01 for Hoth Therapeutics Inc. [HOTH]. The present Moving Average for the last 50 days of trading for this stock 2.1258, while it was recorded at 1.5740 for the last single week of trading, and 2.1537 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 27.54% of the total institutional ownership; VANGUARD GROUP INC, holding 49,687 shares of the stock with an approximate value of $77000.0 in HOTH stocks shares; and TWO SIGMA ADVISERS, LP, currently with $61000.0 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 9 institutional holders increased their position in Hoth Therapeutics Inc. [NASDAQ:HOTH] by around 167,609 shares. Additionally, 5 investors decreased positions by around 22,193 shares, while 5 investors held positions by with 166,402 shares. The mentioned changes placed institutional holdings at 356,204 shares, according to the latest SEC report filing. HOTH stock had 6 new institutional investments in for a total of 81,450 shares, while 4 institutional investors sold positions of 15,609 shares during the same period.