HRZN Stock Summary and Trading Ideas (Horizon Tech Finance | NASDAQ:HRZN)

Horizon Technology Finance Corp is a specialty finance company. Its investment objective is to maximize its investment portfolio's total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. It lends to and invests in development-stage companies in the technology, life science, healthcare information and services and sustainability industries.

Horizon Tech Finance trades on the NASDAQ stock market under the symbol HRZN.

As of April 23, 2024, HRZN stock price climbed to $11.63 with 84,910 million shares trading.

HRZN has a beta of 0.74, meaning it tends to be less sensitive to market movements. HRZN has a correlation of 0.13 to the broad based SPY ETF.

HRZN has a market cap of $387.63 million. This is considered a Small Cap stock.

Last quarter Horizon Tech Finance reported $28 million in Revenue and $.45 earnings per share. This beat revenue expectation by $333,000 and exceeded earnings estimates by $.01.

In the last 3 years, HRZN stock traded as high as $19.08 and as low as $9.67.

The top ETF exchange traded funds that HRZN belongs to (by Net Assets): NXTE, VPC.

HRZN has underperformed the market in the last year with a return of +10.9%, while the SPY ETF gained +24.1%. In the last 3 month period, HRZN fell short of the market, returning -8.7%, while SPY returned +4.8%. However, in the most recent 2 weeks HRZN has outperformed the stock market by returning +3.7%, while SPY returned -2.7%.

HRZN support price is $11.33 and resistance is $11.53 (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 HRZN stock will trade within this expected range on the day.