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Horizon Technology Finance (HRZN) Stock Moves -1.55%: What You Should Know
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Horizon Technology Finance (HRZN - Free Report) closed the most recent trading day at $15.87, moving -1.55% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.94%. Meanwhile, the Dow lost 1.07%, and the Nasdaq, a tech-heavy index, lost 0.39%.
Heading into today, shares of the investment company had lost 2.54% over the past month, lagging the Finance sector's gain of 6.6% and the S&P 500's gain of 5.72% in that time.
Investors will be hoping for strength from Horizon Technology Finance as it approaches its next earnings release. On that day, Horizon Technology Finance is projected to report earnings of $0.33 per share, which would represent year-over-year growth of 57.14%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.2 million, up 41.05% from the year-ago period.
Any recent changes to analyst estimates for Horizon Technology Finance should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Horizon Technology Finance is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Horizon Technology Finance's current valuation metrics, including its Forward P/E ratio of 11.81. For comparison, its industry has an average Forward P/E of 11.36, which means Horizon Technology Finance is trading at a premium to the group.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This group has a Zacks Industry Rank of 98, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow HRZN in the coming trading sessions, be sure to utilize Zacks.com.
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Horizon Technology Finance (HRZN) Stock Moves -1.55%: What You Should Know
Horizon Technology Finance (HRZN - Free Report) closed the most recent trading day at $15.87, moving -1.55% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.94%. Meanwhile, the Dow lost 1.07%, and the Nasdaq, a tech-heavy index, lost 0.39%.
Heading into today, shares of the investment company had lost 2.54% over the past month, lagging the Finance sector's gain of 6.6% and the S&P 500's gain of 5.72% in that time.
Investors will be hoping for strength from Horizon Technology Finance as it approaches its next earnings release. On that day, Horizon Technology Finance is projected to report earnings of $0.33 per share, which would represent year-over-year growth of 57.14%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.2 million, up 41.05% from the year-ago period.
Any recent changes to analyst estimates for Horizon Technology Finance should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Horizon Technology Finance is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Horizon Technology Finance's current valuation metrics, including its Forward P/E ratio of 11.81. For comparison, its industry has an average Forward P/E of 11.36, which means Horizon Technology Finance is trading at a premium to the group.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This group has a Zacks Industry Rank of 98, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow HRZN in the coming trading sessions, be sure to utilize Zacks.com.