Gaining Ground: Harvard Bioscience Inc (HBIO) Closes Higher at 0.34, Up 0.35

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The price of Harvard Bioscience Inc (NASDAQ: HBIO) closed at $0.34 in the last session, up 0.35% from day before closing price of $0.34. In other words, the price has increased by $0.35 from its previous closing price. On the day, 0.74 million shares were traded.

Ratios:

We take a closer look at HBIO’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 39.66. For the most recent quarter (mrq), Quick Ratio is recorded 0.40 and its Current Ratio is at 0.81. In the meantime, Its Debt-to-Equity ratio is 3.01 whereas as Long-Term Debt/Eq ratio is at 0.49.

On March 10, 2023, The Benchmark Company Upgraded its rating to Buy which previously was Speculative Buy and also upped its target price recommendation from $3 to $4.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 13 ’24 when Green James W bought 10,000 shares for $2.91 per share. The transaction valued at 29,100 led to the insider holds 3,111,091 shares of the business.

Green James W bought 20,000 shares of HBIO for $61,400 on Jun 06 ’24. The Chief Executive Officer now owns 3,101,091 shares after completing the transaction at $3.07 per share.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.16 while its Price-to-Book (P/B) ratio in mrq is 1.02.

Stock Price History:

Over the past 52 weeks, HBIO has reached a high of $3.60, while it has fallen to a 52-week low of $0.29. The 50-Day Moving Average of the stock is -27.25%, while the 200-Day Moving Average is calculated to be -80.89%.

Shares Statistics:

A total of 44.21M shares are outstanding, with a floating share count of 37.41M. Insiders hold about 15.39% of the company’s shares, while institutions hold 59.98% stake in the company.

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