NMHI’s price-to-sales ratio: Is it a good investment opportunity?

Nature’s Miracle Holding Inc. (NMHI)’s stock has witnessed a price declined of -8.71% from the previous close with its current price standing at $0.17. Its current price is -98.50% under its 52-week high of $11.40 and 17.40% more than its 52-week low of $0.15. Based on the past 30-day period, the stock price is -64.77% below the high and +17.47% above the low.

How does Nature’s Miracle Holding Inc. (NMHI) stock rate among analysts? Buy, sell, or hold?

The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1.

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Nature’s Miracle Holding Inc. (NASDAQ: NMHI) Ownership Details

I will give a breakdown of the key shareholders in Nature’s Miracle Holding Inc. (NMHI). Recent figures show that the company’s insiders hold 64.59% of shares. A total of 8 institutional investors hold shares in the company, making 0.66% of its stock and 1.87% of its float.

Mar 31, 2024, it was reported that the Company’s largest institutional holder is Polar Asset Management Partners Inc. holding total of 60.15 shares that make 0.23% of the company’s total number of shares and are currently priced at 10304.0.

The securities firm MMCAP International, Inc. SPC holds 45.0 shares of NMHI, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 0.17%, and the holding percentage of shares is valued at 7708.0.

An overview of Nature’s Miracle Holding Inc.’s technicals

In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Nature’s Miracle Holding Inc. (NMHI) traded 2,155,158 shares per day, with a moving average of $0.2424 and price change of -0.2652. With the moving average of $0.4407 and a price change of -0.5292, about 907,671 shares changed hands on average over the past 50 days. Finally, NMHI’s 100-day average volume is 513,755 shares, alongside a moving average of $0.6527 and a price change of -0.7292.

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