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Blue Hat Interactive Entertainment Technology Announces Corporate Refocus into AI Financial Services
PRNewswire (Tue, 19-Mar 5:14 AM ET)
Blue Hat joins forces with GTC, a $10 billion brokerage firm
PRNewswire (Mon, 11-Mar 5:26 AM ET)
Blue Hat Interactive Entertainment Technology is a producer, developer, and operator of augmented reality (AR) interactive entertainment games and toys in China, including interactive educational materials, mobile games, and toys with mobile game features. The company's products include AR Racer, AR Crazy Bug, AR 3D Magic Box, AR Dinosaur, Talking Tom and Friends Bouncing Bubble, and Immersive Education Classes. The company reports in the following segments: Interactive toys - animation series, Interactive toys - game series, and Mobile games, Information services, and Communication services, out of which the majority of the revenue is generated from the game series. The majority of its revenues are generated in China.
Blue Hat Interactive Entertainment Technology - trades on the NASDAQ stock market under the symbol BHAT.
As of March 27, 2024, BHAT stock price declined to $1.10 with 5,014 million shares trading.
BHAT has a beta of -2.07, meaning it tends to be less sensitive to market movements. BHAT has a correlation of 0.06 to the broad based SPY ETF.
BHAT has a market cap of $64.24 million. This is considered a Micro Cap stock.
In the last 3 years, BHAT stock traded as high as $14.80 and as low as $.36.
BHAT has outperformed the market in the last year with a return of +57.1%, while the SPY ETF gained +33.6%. In the last 3 month period, BHAT beat the market returning +15.4%, while SPY returned +10.1%. However, in the most recent 2 weeks BHAT has underperformed the stock market by returning -2.7%, while SPY returned +1.7%.
BHAT support price is $1.04 and resistance is $1.20 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BHAT stock will trade within this expected range on the day.