Hub Cyber Security Ltd [NASDAQ: HUBC] gained 44.65% or 0.32 points to close at $1.04 with a heavy trading volume of 16705110 shares. The company report on April 4, 2024 at 7:50 AM that HUB Cyber Security Acquires QPoint Technologies, Advancing its Plans for a Secured Data Fabric Ecosystem.
The acquisition adds 100+ top customers, and will significantly enhance HUB’s growth.
The daily chart for HUBC points out that the company has recorded -48.00% loss over the past six months.
If we look at the average trading volume of 508.25K shares, HUBC reached to a volume of 16705110 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Trading performance analysis for HUBC stock
Hub Cyber Security Ltd [HUBC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.69. With this latest performance, HUBC shares dropped by -18.11% in over the last four-week period, additionally sinking by -48.00% over the last 6 months – not to mention a drop of -92.97% 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 HUBC stock in for the last two-week period is set at 48.81, with the RSI for the last a single of trading hit 55.32, and the three-weeks RSI is set at 44.93 for Hub Cyber Security Ltd [HUBC]. The present Moving Average for the last 50 days of trading for this stock 1.2529, while it was recorded at 0.8473 for the last single week of trading, and 3.0809 for the last 200 days.
Hub Cyber Security Ltd [HUBC]: A deeper dive into fundamental analysis
Hub Cyber Security Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.33 and a Current Ratio set at 0.34.
An analysis of Institutional ownership at Hub Cyber Security Ltd [HUBC]
The top three institutional holders of HUBC stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in HUBC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in HUBC stock with ownership which is approximately 5.8386%.
