Hudson Technologies Inc. (NASDAQ:HDSN) shares saw a recent bid of $9.26 and 7.62M shares have exchanged hands in the recent trading session, yielding a 17.51% gain over the past week.HDSN price increased 16.33% or $-1.3 versus $7.96 at the end of the prior session. This change led market cap to move at $382.16M, putting the price -1.91% below the 52-week high and 92.92% above the 52-week low. The company’s stock has a normal trading capacity of 623.89K shares while the relative volume is 12.22.
Is Hudson Technologies Inc. (NASDAQ:HDSN) Worth Buying?
By historical standards, Hudson Technologies Inc. (NASDAQ:HDSN) remains a cheap stock. HDSN’s current price-earnings ratio amounts to 22.37 times earnings, below the average P/E ratio of 52.25 times earnings. For now, HDSN is the toast of Wall Street as its ABR stands at 1.80 with 1 out of 4 analysts rating the stock a buy. Over the short term, some market observers may have noticed that It has a 13.06% short float with 15 days to cover. The Stock becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Company has far performed well this year, with the share price up 15.61% since January. Over the past 2 quarters, Hudson Technologies Inc. (NASDAQ:HDSN) is up 22.97%, compared with a gain of nearly 22.16% for 3 months and about -0.38% for the past 30 days.
Hudson Technologies Inc. (HDSN) Has Mean Target Price of $9.50
To stay one step ahead we extended our research by comparing different price targets. Hudson Technologies Inc. (NASDAQ:HDSN) notched a 12-month high of $9.33 while $10.00 target is by far the most aggressive out of analysts who are currently evaluating HDSN, $0.67 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $8.50, which would be decrease of about -8% of its current value. The mean target of $9.50 should be compared with the price when the stock was languishing around $4.80 a share. And it remains to be seen which target price HDSN can achieve without sacrificing much as the company is holding a 84.46% gain for the past twelve months.
Hudson Technologies Inc. Revenue Estimate is $143.15 Million
Last time, the company shocked Wall Street by reporting EPS of $0.21, smashing the consensus of $0.16 per share. Revenue for the quarter also killed consensus, coming in at $52.23 Million, compared to the consensus of 46.34 Million. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.14. The company is expected to report EPS as high as $0.17 and as low as $0.12 per share. Similarly, full-year EPS forecasts have ranged between $0.38 and $0.44. The mean EPS estimate is $0.41. On the other side, sales forecasts for the current quarter are $45.25 Million. The stock is expected to report revenue as high as $50.75 Million and as low as $40.5 Million per share. Similarly, full-year sales forecasts have ranged between $137.9 Million and $154.48 Million. The mean revenue estimate is $143.15 Million.
Over the last 5 years, Hudson Technologies Inc. has averaged a 48.40% YoY EPS growth rate and a 18.90% revenue growth rate. Analysts are expecting EPS growth rates to be at 114.00% this quarter and EPS estimate for next year reflect 36.10% growth rate.
What Guru’s think About Is Hudson Technologies Inc. (NASDAQ:HDSN)
Sell-side analysts also have something to say about this HDSN. Singular Research raised its rating on Hudson Technologies Inc. to Long-Term Buy on 23/12/2013 in a reversal from its prior BUY rating.