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Hudson Technologies Inc. (NASDAQ: HDSN) On Wednesday – Up 70.3 Percent From Lows, What To Expect Going Ahead?

During the recent session, Hudson Technologies Inc. (NASDAQ:HDSN)’s traded shares were 0.56 million, with the beta value of the company hitting 1.30. At the last check today, the stock’s price was $9.09, reflecting an intraday loss of -2.26% or -$0.21. The 52-week high for the HDSN share is $10.76, that puts it down -18.37 from that peak though still a striking 70.3% gain since the share price plummeted to a 52-week low of $2.70. The company’s market capitalization is $394.69M, and the average intraday trading volume over the past 10 days was 0.52 million shares, and the average trade volume was 1.22 million shares over the past three months.

Hudson Technologies Inc. (HDSN) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.00. HDSN has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.39.

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Hudson Technologies Inc. (NASDAQ:HDSN) trade information

Hudson Technologies Inc. (HDSN) registered a -2.26% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -2.26% in intraday trading to $9.09 this Wednesday, 08/03/22, hitting a weekly high. The stock’s 5-day price performance is 10.45%, and it has moved by 25.85% in 30 days. Based on these gigs, the overall price performance for the year is 159.05%. The short interest in Hudson Technologies Inc. (NASDAQ:HDSN) is 1.81 million shares and it means that shorts have 1.58 day(s) to cover.

The consensus price target of analysts on Wall Street is $10.33, which implies an increase of 12.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10.00 and $11.00 respectively. As a result, HDSN is trading at a discount of -21.01% off the target high and -10.01% off the low.

Hudson Technologies Inc. (HDSN) estimates and forecasts

Statistics show that Hudson Technologies Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Hudson Technologies Inc. (HDSN) shares have gone up 144.09% during the last six months, with a year-to-date growth rate more than the industry average at 100.00% against 11.90. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 50.00% this quarter and then drop -17.60% in the quarter after that. In the rating firms’ projections, revenue will increase 57.80% compared to the previous financial year.

Revenue for the current quarter is expected to be $96.02 million as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $85.34 million by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $51.07 million and $60.65 million respectively. In this case, analysts expect current quarter sales to grow by 88.00% and then jump by 40.70% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 18.20%. While earnings are projected to return 667.20% in 2022, the next five years will return 30.00% per annum.

HDSN Dividends

Hudson Technologies Inc. is due to release its next quarterly earnings between November 01 and November 07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Hudson Technologies Inc. (NASDAQ:HDSN)’s Major holders

Hudson Technologies Inc. insiders own 17.30% of total outstanding shares while institutional holders control 71.19%, with the float percentage being 86.08%. Cooper Creek Partners Management LLC is the largest shareholder of the company, while 107 institutions own stock in it. As of Mar 30, 2022, the company held over 3.42 million shares (or 7.62% of all shares), a total value of $30.87 million in shares.

The next largest institutional holding, with 2.98 million shares, is of ArrowMark Colorado Holdings LLC’s that is approximately 6.64% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $26.89 million.

Also, the Mutual Funds coming in first place with the largest holdings of Hudson Technologies Inc. (HDSN) shares are Meridian Small Cap Growth Fund and iShares Russell 2000 ETF. Data provided on Mar 30, 2022 indicates that Meridian Small Cap Growth Fund owns about 1.8 million shares. This amounts to just over 4.01 percent of the company’s overall shares, with a $16.22 million market value. The same data shows that the other fund manager holds slightly less at 0.98 million, or about 2.18% of the stock, which is worth about $8.84 million.

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