Firsthand Technology Value Fund (NASDAQ: SVVC) is a business development company that specializes in venture capital investments in various stages of growth for companies. The company is facing a challenging market environment with a market cap of $1.39 million, a price-to-earnings ratio of 1.26, and a beta of 1.44.
In its most recent quarterly earnings report released on March 28th, Firsthand Technology Value Fund reported earnings per share of ($0.04) for the quarter and revenue of $0.03 million. However, the stock was down 13.4% as NASDAQ SVVC opened at $0.20 on Thursday morning, with its twelve month low being $0.16 and its twelve month high being $0.98.
The fifty day moving average is $0.24 and the 200 day moving average is $0.26, indicating that the stock has been struggling in recent months. With this in mind, StockNews.com recently issued a hold rating on the company’s stock in a report published on Thursday morning, further indicating that investors should exercise caution before making any investment decisions related to Firsthand Technology Value Fund (NASDAQ: SVVC).
Firsthand Technology Value Fund Inc.’s stock is currently trading at around $0.25 as of today’s writing, but it is important for investors to keep an eye on this company’s financial performance going forward as it navigates through this complex financial landscape.
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