Market Insight: Health In Tech Inc (HIT)’s Notable Drop, Closing at 0.66

For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.

In the latest session, Health In Tech Inc (NASDAQ: HIT) closed at $0.66 down -6.36% from its previous closing price of $0.70. In other words, the price has decreased by -$6.36 from its previous closing price. On the day, 1.17 million shares were traded. HIT stock price reached its highest trading level at $0.695 during the session, while it also had its lowest trading level at $0.6374.

Ratios:

For a deeper understanding of Health In Tech Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.42. For the most recent quarter (mrq), Quick Ratio is recorded 5.06 and its Current Ratio is at 5.06. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HIT now has a Market Capitalization of 35805528 and an Enterprise Value of 28162952. As of this moment, Health’s Price-to-Earnings (P/E) ratio for their current fiscal year is 52.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.84 while its Price-to-Book (P/B) ratio in mrq is 2.72. Its current Enterprise Value per Revenue stands at 1.445 whereas that against EBITDA is 18.395.

Stock Price History:

Over the past 52 weeks, HIT has reached a high of $7.59, while it has fallen to a 52-week low of $0.64. The 50-Day Moving Average of the stock is -87.57%, while the 200-Day Moving Average is calculated to be -87.58%.

Shares Statistics:

For the past three months, HIT has traded an average of 1.89M shares per day and 4820670 over the past ten days. A total of 42.91M shares are outstanding, with a floating share count of 7.90M. Insiders hold about 85.54% of the company’s shares, while institutions hold 0.01% stake in the company. Shares short for HIT as of 1740700800 were 119827 with a Short Ratio of 0.06, compared to 1738281600 on 17143. Therefore, it implies a Short% of Shares Outstanding of 119827 and a Short% of Float of 0.97.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 0.0

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