Market Momentum Report: Horizon Technology Finance Corp (HRZN)’s Negative Close at 11.74

Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.

The price of Horizon Technology Finance Corp (NASDAQ: HRZN) closed at $11.74 in the last session, down -1.43% from day before closing price of $11.91. In other words, the price has decreased by -$1.43 from its previous closing price. On the day, 0.64 million shares were traded. HRZN stock price reached its highest trading level at $11.98 during the session, while it also had its lowest trading level at $11.7199.

Ratios:

We take a closer look at HRZN’s different ratios to gain a better understanding of the stock.

On January 08, 2024, B. Riley Securities Downgraded its rating to Sell which previously was Neutral but kept the price unchanged to $11.

Compass Point Downgraded its Neutral to Sell on October 17, 2023, while the target price for the stock was maintained at $10.

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 Mar 08 ’24 when Michaud Gerald A. bought 3,650 shares for $11.77 per share. The transaction valued at 42,960 led to the insider holds 156,244 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HRZN now has a Market Capitalization of 411144192 and an Enterprise Value of 816712896. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.69 while its Price-to-Book (P/B) ratio in mrq is 1.22. Its current Enterprise Value per Revenue stands at 7.32.

Stock Price History:

The Beta on a monthly basis for HRZN is 1.22, which has changed by -0.08065778 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, HRZN has reached a high of $13.67, while it has fallen to a 52-week low of $10.66. The 50-Day Moving Average of the stock is 2.16%, while the 200-Day Moving Average is calculated to be -3.30%.

Shares Statistics:

According to the various share statistics, HRZN traded on average about 298.92K shares per day over the past 3-months and 268680 shares per day over the past 10 days. A total of 35.02M shares are outstanding, with a floating share count of 34.55M. Insiders hold about 1.35% of the company’s shares, while institutions hold 5.96% stake in the company. Shares short for HRZN as of 1714435200 were 590510 with a Short Ratio of 1.98, compared to 1711584000 on 559950. Therefore, it implies a Short% of Shares Outstanding of 590510 and a Short% of Float of 1.7000000000000002.

Dividends & Splits

The forward annual dividend rate for HRZN is 1.31, which was 1.32 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.11083124The stock’s 5-year Average Dividend Yield is 9.74.

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