How have the shares performed?
HC2 Holdings Inc. (HCHC) saw downtrend of -5.36% in the recent trading with $4.24 being its most recent. The current price level -10.74% lower than the highest price of $4.75 marked by the stock while trading over the past 52-weeks, whereas it is 105.83% higher than the lowest price of $2.06 the company dropped to over past 52-weeks. The latest news story on HCHC appeared in Zacks under the title “HC2 Holdings (HCHC) Unit Buys Banker Steel, Enters Credit Agreement” on May-31-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -8.52% below one month high and is +17.61% above of the lowest during that time. Looking into the simple moving average, HC2 Holdings Inc. (HCHC)’s stock stands at a SMA-50 of $4.03 while that of 5-day is reading $4.36.
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 HCHC’s SMA-200 as of now is $3.32.
HC2 Holdings Inc. Earnings – What Happened With HCHC
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. HC2 Holdings Inc. (HCHC) last released financial results for the quarter that ended 9/29/2020, posting a surprise factor of -8.60% for net revenue. During the reported three-month period, company’s sales were $171.8 billion while analysts on average were estimating the same to be $248.1 million.
HCHC – HC2 Holdings Inc. Stock Earnings Estimates
The perspective of HC2 Holdings Inc. (NYSE:HCHC)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.35 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was -0.38.
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 76.90 million. HCHC does have institutional investors; and they hold 41.80% of the stock.
HC2 Holdings Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 19 new insider purchases involving 744,364 shares. On the other hand, HCHC declared 26,843 shares have been sold in 3 insider transactions over the past three months.
As on Mar 30, 2021, Jefferies Group Inc was the top most holder in HC2 Holdings Inc. (NYSE:HCHC) with an ownership of 5.45 million shares of the company or 7.02% of the stake worth $21.47 million. The filing also reveals Blackrock Inc. as the second largest holder in the company with a control over 4.60% of the outstanding shares. Its stake is worth $14.07 million for having 3.57 million shares in hand.
Gendell, Jeffrey L. also came holding a key position in the company during the recent quarter and it now holds 4.07% of the outstanding shares. With this there are now 122 institutions which have possession in HCHC’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 HC2 Holdings Inc. was 0.24 while posting a debt to equity ratio of 1.40. The count was 16.02 for long-term debt to equity ratio.
Technical Analysis of HC2 Holdings Inc. (NYSE:HCHC) stock
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 HC2 Holdings Inc. (HCHC), we notice that the stock’s 20-day average volume is at 399,120 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 446,500 shares. And to end, HCHC’s 100-day average volume is 518,673 shares with 100% of the long-term indicators pointing towards Buy for the stock.