Nature’s Miracle (NASDAQ:NMHI) Stock Price Down 3.6% – What’s Next?

Shares of Nature’s Miracle Holding Inc. (NASDAQ:NMHI) fell 3.6% on Wednesday . The stock traded as low as $0.16 and last traded at $0.16. 216,432 shares changed hands during trading, a decline of 83% from the average session volume of 1,284,160 shares. The stock had previously closed at $0.17.

Nature’s Miracle Stock Performance

The stock’s 50 day simple moving average is $0.16 and its two-hundred day simple moving average is $0.46.

Nature’s Miracle (NASDAQ:NMHI) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.07) EPS for the quarter. The firm had revenue of $3.41 million during the quarter.

Institutional Trading of Nature’s Miracle

A hedge fund recently bought a new stake in Nature’s Miracle stock. MMCAP International Inc. SPC purchased a new position in shares of Nature’s Miracle Holding Inc. (NASDAQ:NMHI) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 45,000 shares of the company’s stock, valued at approximately $42,000. MMCAP International Inc. SPC owned 0.17% of Nature’s Miracle at the end of the most recent reporting period. 94.56% of the stock is owned by hedge funds and other institutional investors.

Nature’s Miracle Company Profile

Nature’s Miracle Holding Inc, an agriculture technology company, provides lighting and grow media products to growers in the controlled environment agriculture industry in the United States and Canada. The company offers LED fixtures; high pressure sodium and ceramic metal halide fixtures; and electronic ballasts and control boxes.