HTG Molecular Diagnostics Inc. [HTGM] is -84.50% lower this YTD. Is it still time to buy?


HTG Molecular Diagnostics Inc. [NASDAQ: HTGM] stock went on an upward path that rose over 52.17% on Tuesday, amounting to a one-week price increase of more than 47.89%. The company report on June 8, 2022 that HTG to Sponsor Keynote Presentation Featuring Customer Use of its HTG EdgeSeq Technology in Clinical Trials.

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HTG Molecular Diagnostics, Inc. (Nasdaq: HTGM) (HTG), a life science company advancing precision medicine through its innovative transcriptome-wide profiling technology, announced that it will be sponsoring a keynote presentation at the 7th Annual MarketsandMarkets Biomarker and Companion Diagnostics Conference in San Diego, CA, titled “Implementing Biomarker Strategy in Clinical Trials” on June 16th at 9:05 AM PT.

This presentation will feature Chetan Deshpande, Director, Biomarker Clinical Assay Lead, Global Product Development at Pfizer. Mr. Deshpande will discuss the challenges that are generally faced in clinical trials and how Pfizer has leveraged HTG’s proprietary gene expression profiling HTG EdgeSeq technology in multiple clinical trials to overcome these challenges.

Over the last 12 months, HTGM stock dropped by -85.24%. The one-year HTG Molecular Diagnostics Inc. stock forecast points to a potential upside of 91.16. The average equity rating for HTGM stock is currently 2.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $6.95 million, with 8.01 million shares outstanding and 7.47 million shares in the current float. Compared to the average trading volume of 835.68K shares, HTGM stock reached a trading volume of 33428366 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on HTG Molecular Diagnostics Inc. [HTGM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HTGM shares is $9.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HTGM stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Cantor Fitzgerald have made an estimate for HTG Molecular Diagnostics Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on May 11, 2020. The new note on the price target was released on March 26, 2020, representing the official price target for HTG Molecular Diagnostics Inc. stock. Previously, the target price had yet another raise from $4.50 to $6, while Rodman & Renshaw kept a Buy rating on HTGM stock.

The Average True Range (ATR) for HTG Molecular Diagnostics Inc. is set at 0.10, with the Price to Sales ratio for HTGM stock in the period of the last 12 months amounting to 0.80. The Price to Book ratio for the last quarter was 0.60, with the Price to Cash per share for the same quarter was set at 2.60.

HTGM Stock Performance Analysis:

HTG Molecular Diagnostics Inc. [HTGM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 47.89. With this latest performance, HTGM shares gained by 55.56% in over the last four-week period, additionally sinking by -83.33% over the last 6 months – not to mention a drop of -85.24% 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 HTGM stock in for the last two-week period is set at 67.92, with the RSI for the last a single of trading hit 78.30, and the three-weeks RSI is set at 58.10 for HTG Molecular Diagnostics Inc. [HTGM]. The present Moving Average for the last 50 days of trading for this stock 0.6832, while it was recorded at 0.6003 for the last single week of trading, and 3.0234 for the last 200 days.

Insight into HTG Molecular Diagnostics Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and HTG Molecular Diagnostics Inc. [HTGM] shares currently have an operating margin of -205.48 and a Gross Margin at +54.02. HTG Molecular Diagnostics Inc.’s Net Margin is presently recorded at -192.49.

Return on Equity for this stock declined to -137.80, with Return on Assets sitting at -52.23.

HTG Molecular Diagnostics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.80 and a Current Ratio set at 3.00.

HTG Molecular Diagnostics Inc. [HTGM] Insider Position Details

There are presently around $2 million, or 26.90% of HTGM stock, in the hands of institutional investors. The top three institutional holders of HTGM stocks are: ARMISTICE CAPITAL, LLC with ownership of 834,054, which is approximately New of the company’s market cap and around 0.40% of the total institutional ownership; COWEN PRIME SERVICES LLC, holding 570,333 shares of the stock with an approximate value of $0.32 million in HTGM stocks shares; and SAMJO CAPITAL LLC, currently with $0.22 million in HTGM stock with ownership of nearly -31.362% of the company’s market capitalization.

Positions in HTG Molecular Diagnostics Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 12 institutional holders increased their position in HTG Molecular Diagnostics Inc. [NASDAQ:HTGM] by around 927,495 shares. Additionally, 9 investors decreased positions by around 1,263,098 shares, while 9 investors held positions by with 676,267 shares. The mentioned changes placed institutional holdings at 2,866,860 shares, according to the latest SEC report filing. HTGM stock had 5 new institutional investments in for a total of 865,877 shares, while 6 institutional investors sold positions of 768,073 shares during the same period.