XAt the last trading session orizon Technology Finance (HRZN) closed at $ 15.89, up 0.44% from the previous day. The move was 0.72% ahead of the S&P 500’s daily losses. Meanwhile, the Dow lost 0.68% and the Nasdaq, the technology index, lost 0.67%.
The shares of the investment company have risen by 1.22% over the last month. This outpaced the loss of the financial sector by 4.1% and the loss of the S&P 500 by 5.92% during that time.
Horizon Technology Finance will seek to demonstrate strength as it approaches its next revenue release. It is projected that on that day Horizon Technology Finance will report earnings of $ 0.33 per share, which would have increased by 57.14% over the same period last year. Meanwhile, Sachs ’consensual revenue estimate predicts net sales of $ 14.77 million, up 46.67% from the same period last year.
Investors may also notice recent changes in Horizon Technology Finance analysts ’estimates. Recent reviews tend to reflect recent upcoming business trends. As a result, we can interpret positive valuation reviews as a good sign for a company’s business prospects.
Our study shows that these changes in valuations are directly correlated with closer stock prices. To benefit from this, we have developed Zacks Rank, a patented model that takes these changes into account into account and provides an effective rating system.
Between №1 (strong buying) and №5 (strong selling), Zacks Rank has a proven, out-of-audit conversion experience, with №1 stocks yielding an average of + 25% annually since 1988. For the past 30 days, our consensus stock earnings forecast has remained in place. Horizon Technology Finance currently has a Zacks rank of №3 (content).
Looking at the estimate, Horizon Technology Finance has a Forward P / E ratio of 11.59. Its industry has an average forward P / E of 11.38, so it can be concluded that Horizon Technology Finance is trading at a relatively high cost.
Financial industry – SBIC and the commercial industry is part of the financial sector. Currently, the industry has a Zacks Industry Rank 77 rating, which puts it in the top 31% of all 250+ industries.
Industry Rank Zacks measures the strength of our industry groups by measuring the average Zacks rating for individual stocks in groups. Our study shows that 50% of the top rated industries outperform the bottom half by 2: 1.
To keep an eye on HRZN for upcoming trading sessions, be sure to use Zacks.com.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.