AMERI Holdings, Inc. (AMRH) hit an intraday high Tuesday at $0.3169. The shares finished at $0.31, after trading as low as $0.285 earlier in the session. It rose 9.14% in recent trade and currently has a stock-market value of $12.22M. Trading activity significantly improved as the volume at ready counter increased to 3,832,789 shares versus 1,588,470 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 1,699,307 shares. The stock is now 106.67% above against its bear-market low of $0.15 on December 21, 2018. It has retreated -867.74% since it’s 52-week high of $3 reached in February. Now the market price is down -83.57% on the year and up 75.23% YTD.
AMRH’s 50 day simple moving average (SMA 50) price is $0.23 and its 200-day simple moving average (SMA 200) price is $0.9. The company’s stock currently has a total float of 25.19M shares. Its weekly volatility is hovering around 11.58% and felt 12.52% volatility in price over a month. On the upside, the share price will test short term resistance at around $0.32. On a downside, the stock is likely to find some support, which begins at $0.29. The failure to get near-term support could push it to $0.27.
Separately, it has been reported that multiple insider activity took place at AMERI Holdings, Inc. (AMRH). 10% Owner Sikaria Family 2008 Revocable sold 100,000 shares for $3,900,000 in transaction occurred on 2018/11/16. After making this transaction, the 10% Owner owns a direct stake of 30,000 shares, worth $1,209,000, as per the last closing price. On 2018/11/16 Lokesh Sikaria Trust Dated 12/, 10% Owner at AMRH, dumped 100,000 shares at an average price of $0.3 per share. The selling total is valued at $1,209,000.
10% Owner, Sikaria Chanda had divested 100,000 shares for $1,650,000 through a trade on 2018/11/16. Following this activity, the insider holds 30,000 shares worth $511,500 as of recent close. Wall Street’s most bullish AMERI Holdings, Inc. (NASDAQ:AMRH) analysts are predicting the share price to blow past $0.5 per share during the next 12 months. The current median share price forecast by them is $0.5, suggesting that the stock could increase 61.29% in that time frame. The average price target of $0.5 calls for a nearly 61.29% increase in the stock price.
Moreover, it trades for 1.8 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.22x price/book and 0.28x price/sales. Compared to others, AMERI Holdings, Inc. is in a different league with regards to profitability, having net margins of -2.6%. To put some perspective around this, the industry’s average net margin is 9.08%. AMRH’s ROE is -5.3%, which is also considerably worse than the industry’s ROE of 14.64%. It’s also not liquid in the near term, with a current ratio of 0.8. The stock has a debt/capital of 0.16.
Revenue for the recent quarter stood at $10.58 million, down -76% on last year and below the $12.01 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $43.37 million to $43.37 million, which should be compared with $0 generated last year. EPS is seen in a range of $11.93 to $1.43.