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Fujian Blue Hat Interactive Entertainment Technology Ltd. (BHAT): The stock short term indicators suggest Sell today

How have the shares performed?

Fujian Blue Hat Interactive Entertainment Technology Ltd. (BHAT) saw an uptrend of 4.49% in the recent trading with $0.84 being its most recent. The current price level -65.17% lower than the highest price of $2.40 marked by the stock while trading over the past 52-weeks, whereas it is 15.77% higher than the lowest price of $0.72 the company dropped to over past 52-weeks. The latest news story on BHAT appeared in PR Newswire under the title “Blue Hat Interactive Entertainment Technology Announces the Closing of a Registered Direct Offering of $5.66 Million” on May-10-21.


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Squeezing the time span to 30 day period shows us the stock is currently trading -32.58% below one month high and is +15.77% above of the lowest during that time. Looking into the simple moving average, Fujian Blue Hat Interactive Entertainment Technology Ltd. (BHAT)’s stock stands at a SMA-50 of $1.1159 while that of 5-day is reading $0.8090.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and BHAT’s SMA-200 as of now is $1.0795.

Fujian Blue Hat Interactive Entertainment Technology Ltd. Earnings – What Happened With BHAT

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $11.77 billion.

BHAT – Fujian Blue Hat Interactive Entertainment Technology Ltd. Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 38.55 million. BHAT does have institutional investors; and they hold 8.50% of the stock.

Fujian Blue Hat Interactive Entertainment Technology Ltd. – Insider Activity and Holdings

As on Mar 30, 2021, Renaissance Technologies, LLC was the top most holder in Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT) with an ownership of 0.67 million shares of the company or 1.41% of the stake worth $0.91 million. The filing also reveals Two Sigma Advisers, LP as the second largest holder in the company with a control over 0.15% of the outstanding shares. Its stake is worth $97648.0 for having 71800.0 shares in hand.

Citadel Advisors LLC also came holding a key position in the company during the recent quarter and it now holds 0.10% of the outstanding shares. With this there are now 9 institutions which have possession in BHAT’s shares.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Fujian Blue Hat Interactive Entertainment Technology Ltd. was 3.03 while posting a debt to equity ratio of 0.10.

Technical Analysis of Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT) stock

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To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Fujian Blue Hat Interactive Entertainment Technology Ltd. (BHAT), we notice that the stock’s 20-day average volume is at 1,850,065 shares and 100% of short term indicators are suggesting the stock as Sell. Its 50-day average volume of 1,987,802 shares. And to end, BHAT’s 100-day average volume is 2,717,126 shares with 50% of the long-term indicators pointing towards Sell for the stock.

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