Helios and Matheson Analytics Inc (HMNY) Investors Like Their Movie Passes Against Citron Research’s Bearish Prediction
Helios and Matheson Analytics Inc (NASDAQ:HMNY) investors are deciding they want to play with fire, or at least that is how infamous short-seller Andrew Left of Citron Research must view today’s massive stock gains following his ominous tweet: “retail investors are warned” of an impending titanic trajectory that could send shares high-tailing it back to $20. However, with shares vaulting up almost 30% today, the Street is not taking heed of Left’s cautionary words on Twitter: “You might like product but $1+bill it isn’t. Giving away $1 for .90 no biz.” HMNY has a 1-year high of $38.86 and a 1-year low of $2.20. The stock’s 50-day moving average is $7.12 and its 200-day moving average is $3.78.
Thanks to an acquired lion’s share position in up-and-coming Netflix sister company (pioneered by Mitch-Lowe, who co-founded the original video streaming giant) called MoviePass, where subscribers shell out just under $10 a month to gain access into a pass per day to 91% of domestic movie theaters, HMNY stock has ballooned at a headlong 1005% rise. Clearly, investors recognize a moneymaker proposition when they see one, and not even Left’s fear-mongering bearish advice can shake this Wall Street bull of the day’s ultrasonic momentum that just keeps flying higher.
On the ratings front, Maxim Group analyst Brian Kinstlinger assigned a Buy rating on HMNY, with a price target of $20, in a report issued on October 2. According to TipRanks.com, Kinstlinger has a yearly average return of 6.8%, a 58% success rate, and is ranked #911 out of 4696 analysts.
Helios and Matheson Analytics provides a range of information technology (IT) consulting solutions, custom application development, and analytics services to Fortune 1000 companies and other organizations in the United States. Its services include application value management, application development, integration, independent validation, infrastructure, information management, and analytics services. The company supports various computer technology platforms and client IT projects using a range of third-party software applications. In addition, it develops RedZone Map, a GPS-driven real-time crime and navigation map application that provides users with real time crime data and a platform for alerting other users to criminal and other safety related occurrences in a navigation map format, as well as allows users to report a crime and upload videos of live incidents.