Firsthand Technology Value Fund (NASDAQ: SVVC) is facing a challenging market environment as its stock has been down 13.4% since its opening on Thursday at $0.20. The company’s twelve month low was $0.16 and its twelve month high was $0.98, with a fifty day moving average of $0.24 and a 200 day moving average of $0.26, and a market cap of $1.39 million, a price-to-earnings ratio of 1.26, and a beta of 1.44.
Firsthand Technology Value Fund is a business development company that specializes in venture capital investments in various stages of growth for companies, seeking to invest in pre-IPO companies and those with limited operating histories or negative financial positions, as well as considering investments in companies undergoing bankruptcy or reorganization. Despite this, the company recently reported earnings per share of ($0.04) for the quarter and revenue of $0.03 million in its most recent quarterly earnings report released on March 28th, indicating that the company is currently navigating a complex financial landscape.
StockNews.com recently began covering Firsthand Technology Value Fund (NASDAQ: SVVC) and issued a hold rating on the company’s stock in a report published on Thursday morning, citing the challenging market environment as one factor contributing to this decision