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

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

Hudson Technologies is priced at a penny stock. This puts the stock within reach of many investors. This is a growth stock given the expectation of 30% annual growth. Additionally, we view Hudson Technologies as a small-cap value stock. Together, these characteristics make the title attractive.

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Financial performance analysis indicates a return on equity ratio of 89.33%. The return on assets is also high at 30.21%. There aren’t many companies in Hudson Technologies’ price range that have similar performance numbers.

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

Hudson Technologies is overbought but will continue to gain

Source – TradingView

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

Summary

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

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Eleanor C. William