HSDT Stock Summary and Trading Ideas (Helius Medical Technologies - Class A | NASDAQ:HSDT)

Helius Medical Technologies Inc is a neurotech company focused on neurological wellness. The company's purpose is to develop, license, or acquire non-invasive technologies targeted at reducing symptoms of neurological disease or trauma. The company's product, known as the Portable Neuromodulation Stimulator (PoNS), is authorized for sale in Canada as a class II, a non-implantable medical device intended for use as a short-term treatment of gait deficit due to symptoms from multiple sclerosis and balance deficit due to mild-to-moderate traumatic brain injury and is to be used in conjunction with supervised therapeutic exercise.

Helius Medical Technologies - Class A trades on the NASDAQ stock market under the symbol HSDT.

As of May 7, 2024, HSDT stock price declined to $1.80 with 1,266,524 million shares trading.

HSDT has a beta of 1.99, meaning it tends to be more sensitive to market movements. HSDT has a correlation of 0.06 to the broad based SPY ETF.

HSDT has a market cap of $1.60 million. This is considered a Sub-Micro Cap stock.

Last quarter Helius Medical Technologies - Class A reported $134,000 in Revenue and -$1.47 earnings per share. This fell short of revenue expectation by $-116,000 and exceeded earnings estimates by $2.30.

In the last 3 years, HSDT stock traded as high as $863.00 and as low as $1.75.

The top ETF exchange traded funds that HSDT belongs to (by Net Assets): VXF.

HSDT has underperformed the market in the last year with a price return of -77.1% while the SPY ETF gained +27.0%. HSDT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -72.1% and -64.5%, respectively, while the SPY returned +5.0% and +3.5%, respectively.

HSDT support price is $2.19 and resistance is $2.65 (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 HSDT stock will trade within this expected range on the day.