The price of Hollysys Automation Technologies Ltd (NASDAQ:HOLI) shares last traded on Wall Street rose 3.02% to $25.56.
Based on available information, 2 analysts follow Hollysys Automation Technologies Ltd (NASDAQ:HOLI). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $24.00 and a low of $22.00, we find $23.00. Given the previous closing price of $24.81, this indicates a potential downside of -7.3 percent. HOLI stock price is now 18.76% away from the 50-day moving average and 39.73% away from the 200-day moving average. The market capitalization of the company currently stands at $1.59B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
Brokers who have rated the stock have averaged $23.00 as their price target over the next twelve months.
With the price target enhanced from $15 to $24, JP Morgan Upgraded its rating from Neutral to Overweight for Hollysys Automation Technologies Ltd (NASDAQ: HOLI).
A total of 22.73% of the company’s stock is owned by insiders.
A candlestick chart of Hollysys Automation Technologies Ltd (NASDAQ: HOLI) showed a price of $24.85 on Tuesday morning. During the past 12 months, Hollysys Automation Technologies Ltd has had a low of $15.12 and a high of $25.00. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 3.01, and a quick ratio of 2.72. According to the stock market information, the enterprise value for the company is $966.53M, which is based on a 14.60 price-to-earnings ratio, a 0.92 price-to-earnings-growth ratio, and a beta of 0.58. The fifty day moving average price for HOLI is $21.52 and a two-hundred day moving average price translates $18.29 for the stock.
The latest earnings results from Hollysys Automation Technologies Ltd (NASDAQ: HOLI) was released for Sep, 2023. According to the Electrical Equipment & Parts Company, earnings per share came in at $0.3, missing analysts’ expectations of $0.63 by -0.33. This compares to $0.35 EPS in the same period last year. The net profit margin was 14.28% and return on equity was 9.07% for HOLI. The company reported revenue of $199.9 million for the quarter, compared to $170.04 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.56 percent.
Hollysys Automation Technologies Ltd(HOLI) Company Profile
Hollysys Automation Technologies Ltd. provides automation control system solutions in the People’s Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising simulation training system, HolliAS asset management system, advanced process control, and manufacturing execution system, as well as HOLLiAS MACS-N DCS, a proprietary nuclear power non-safety automation and control system. It provides train control center, an on-ground control center that monitors route condition, track status, train schedules, distance between trains, and the working status of other function devices, as well as generates control instructions and commands. In addition, the company offers automation train protection that operates as a train over-speed protection mechanism; other signaling products, including automatic train operation system, track circuit, line-side electronic unit, balise transmission module, temporary speed restriction server, radio block center, and computer-based interlocking; and supervisory control and data acquisition system, an open software platform. Further, it offers integrated automation control system solutions, mechanical and electrical solutions, including design, engineering, procurement, project management, construction and commissioning, and maintenance related services, and installation services. The company was formerly known as HLS Systems International Ltd. and changed its name to Hollysys Automation Technologies Ltd. in July 2009. Hollysys Automation Technologies Ltd. was founded in 1993 and is headquartered in Beijing, the People’s Republic China.
