Puhui Wealth Investment Management Co. Ltd. (NASDAQ: PHCF) Stock Seems Like A Good Option

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Puhui Wealth Investment Management Co. Ltd. (NASDAQ:PHCF) shares, rose in value on Friday, 08/05/22, with the stock price up by 5.09% to the previous day’s close as strong demand from buyers drove the stock to $1.13.

Actively observing the price movement in the last trading, the stock closed the session at $1.08, falling within a range of $1.06 and $1.165. The value of beta (5-year monthly) was -0.00. Referring to stock’s 52-week performance, its high was $3.88, and the low was $0.41. On the whole, PHCF has fluctuated by 48.39% over the past month.

With the market capitalization of Puhui Wealth Investment Management Co. Ltd. currently standing at about $15.35 million, investors are eagerly awaiting this quarter’s results, scheduled for Oct 30, 2019.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that PHCF’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of PHCF currently trading nearly 25.28% and 48.65% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.96, while the 7-day volatility ratio is showing 19.11% which for the 30-day chart, stands at 17.08%. Furthermore, Puhui Wealth Investment Management Co. Ltd. (PHCF)’s beta value is 0.33, and its average true range (ATR) is 0.15.

Data on historical trading for Puhui Wealth Investment Management Co. Ltd. (NASDAQ:PHCF) indicates that the trading volumes over the past 10 days have averaged 0.12 million and over the past 3 months, they’ve averaged 36.97K. According to company’s latest data on outstanding shares, there are 12.24 million shares outstanding.

Nearly 68.22% of Puhui Wealth Investment Management Co. Ltd.’s shares belong to company insiders and institutional investors own 0.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 30160.0 shares as on Jul 14, 2022, resulting in a short ratio of 1.56. According to the data, the short interest in Puhui Wealth Investment Management Co. Ltd. (PHCF) stood at 0.23% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 16900.0. The stock has fallen by -24.33% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PHCF stock heading into the next quarter.

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