HUDI Stock Summary and Trading Ideas (Huadi International Group Co. Ltd. - | NASDAQ:HUDI)

Huadi International Group Co Ltd is a manufacturer of industrial stainless steel seamless pipes and tubes products. Its products are used in the oil & gas transmission, chemistry engineering, food processing, medical devices, aeronautics and astronautics, boiler, irrigation works construction, automobile and naval architecture, paper mill and mechanical industries. Products are exported to the United States, Mexico, Thailand, Australia, Argentina, Taiwan, India, the Philippines, UAE and Canada. Geographically, majority revenue is generated from China.

Huadi International Group Co. Ltd. - trades on the NASDAQ stock market under the symbol HUDI.

As of December 13, 2024, HUDI stock price declined to $1.67 with 54,861 million shares trading.

HUDI has a beta of 1.19, meaning it tends to be more sensitive to market movements. HUDI has a correlation of 0.05 to the broad based SPY ETF.

HUDI has a market cap of $23.81 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, HUDI traded as high as $192.88 and as low as $1.57.

HUDI has underperformed the market in the last year with a price return of -41.2% while the SPY ETF gained +29.9%. HUDI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -20.1% and -16.5%, respectively, while the SPY returned +7.8% and +0.3%, respectively.

HUDI support price is $1.77 and resistance is $1.89 (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 HUDI shares will trade within this expected range on the day.