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Friday, September 25, 2020

The Unprecedented Rise of Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT)

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The Fujian Blue Hat Interactive Entertainment Technology Ltd. (BHAT) shares are trading at lower $1.30.

To add more color to this target, the company’s high over the last year is $6.25 and the low is $0.63. Over the last 52 weeks, BHAT is down -79.20% while the S&P 500 is down -0.57%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, BHAT reported a profit of $2.22 million. Fujian Blue Hat Interactive Entertainment Technology Ltd. also saw revenues increase to $3.18 million. In addition, BHAT has free cash flow of $0.0 as of 06-2019. The company’s EBITDA came in at $1.27 million which compares well with its peers.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BHAT has a short ratio of 0.12 and outstanding shares of 35.14M.

Company Outlook

BHAT has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.5 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.28. Fujian Blue Hat Interactive Entertainment Technology Ltd. BHAT also noted assets of $38.17 million at the end of the last quarter. Investors should also keep an eye on sector updates as BHAT has historically followed its peers on positive news.

All told, Fujian Blue Hat Interactive Entertainment Technology Ltd. BHAT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BHAT represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Fujian Blue Hat Interactive Entertainment Technology Ltd. BHAT is now commanding a market cap of 45.68M and a float of 11.50M. BHAT is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BHAT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in BHAT, either long or short, and we have not been compensated for this article.

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