Hudson Technologies is a strong buy at the undervalued price of $10

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on Jun 3, 2022
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  • Hudson Technologies is attractive for value, growth, and momentum investment styles.
  • The stock is currently undervalued.
  • This analysis projects that the stock will rise to a valuation of $43 in the long-term.

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Hudson Technologies Inc. (NASDAQ:HDSN) is bullish. The stock is trading at $10.05, indicating that it is past the emotional resistance level of $10. The RSI indicates that the stock is overbought, but we think that it could go higher.

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Hudson Technologies is priced like a penny stock. That places the stock within reach of many investors. It is a growth stock considering the expectation of 30% annual growth. Additionally, we consider Hudson Technologies a small-cap value stock. Together, these characteristics make the stock attractive.

Analysis of financial performance indicates a return on equity ratio of 89.33%. The return on assets is equally high at 30.21%. There are not many companies within the price range of Hudson Technologies that have similar performance figures.

Focusing on market valuation, the price of $10.05 coincides with an EPS of $1.42. That places the PE at only 6.96. The PEG ratio is 0.23. It means that the stock is heavily discounted and also has a high potential for price appreciation. We set the price target above $43 in the long term.

Hudson Technologies is overbought but will continue gaining

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Source – TradingView

Our analysis indicates that Hudson Technologies can be expected to continue gaining. This is despite the overbought signal. The stock pushed through the valuation of $10. It is likely that it would consolidate at this level for some time before moving to find a new high. Patient investors can ride the bull to new highs.

Summary

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Our analysis strongly recommends buying and accumulating Hudson Technologies. The stock has strong fundamental performance. Price analysis shows that the stock is undervalued.

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