Helios and Matheson Analytics Inc. (NASDAQ:HMNY) receieved a negative analyst call from Maxim Group, which downgraded the stock from Buy to Hold on July 26. Analysts at Maxim Group, maintained the company shares at Buy on February 28 but switched target price from $25 to $16. Analysts at Canaccord Genuity, made their first call about the stock on February 22, recommending it is Buy. Maxim Group, reiterated their call for Buy, on November 06. On the other hand, they had set new target price to $25 versus $20.
Helios and Matheson Analytics Inc. (HMNY) grew as high as $0.0173 on Friday before closing at $0.02. The 0.6 percent rally pushed its market cap to $27.57M. The shares went down as low as $0.0161 before recovering. Trading activity significantly weakened as the volume at ready counter decreased to 13,192,744 shares versus 25,375,580 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 17,663,826 shares. The stock is now 100% above against its bear-market low of $0.01 on December 28, 2018. It has retreated -13000000% since it’s 52-week high of $2662.5 reached in January. Now the market price is down -100% on the year and up 5% YTD.
HMNY’s 50 day simple moving average (SMA 50) price is $0.02 and its 200-day simple moving average (SMA 200) price is $121.83. The company’s stock currently has a total float of 1.64B shares. Its weekly volatility is hovering around 7.12% and felt 9.65% volatility in price over a month. On the upside, the share price will test short term resistance at around $0.02. On a downside, the stock is likely to find some support, which begins at $0.02. The failure to get near-term support could push it to $0.02.
Separately, it has been reported that multiple insider activity took place at Helios and Matheson Analytics Inc. (HMNY). Director, 10% Owner Gadiyaram Muralikrishna sold 170,000 shares for $2,323,040 in transaction occurred on 2017/11/17. After making this transaction, the Director, 10% Owner owns a direct stake of 2,210,000 shares, worth $46,461, as per the last closing price.
Also, it is trading at rather inexpensive levels at just over 0.11x price/book and 0.13x price/sales. It’s also not liquid in the near term, with a current ratio of 0.7. The stock has a debt/capital of 0.09.