The Healthier Choices Management Corp (HCMC) stock has been trading at between $0.0002 and $0.0003 for the past few weeks. The HCMC stock market has also been trading sideways for a very long time. The company, which specializes in organic foods, vitamins, and supplements, has not performed in the markets. The stock prices have failed to make significant moves for the past few months, with the last day the company had significant momentum being May 3, 2021.
HCMC Stock Forecast
HCMC has dropped by more than 95 percent since February 11, 2021. Today, the stock price is trading at $0.0003. However, the stock market is not showing any signs of volatility, with the prices failing to move for the past few months. In addition, the company has not released financial reports for the last few years, with the last financial report being from 2020.
The 2020 financial report showed the company made a net profit of $9.62 million and a revenue of $11.87 million. But unfortunately, with very little data available in the markets, I don’t expect growth for HCMC stocks.
HCMC also trades over the counter, which carries significant risks for investors. This means that the current drop in prices of HCMC has become difficult to track. Also, any significant increase in share prices has been followed by a huge decline. Therefore, there is a possibility that HCMC stock prices will never go up. Therefore, my HCMC stock prediction is it will likely never recover from the current dip in price.
Is HCMC a Good Investment?
HCMC’s stock price has not moved for months, and it doesn’t look like there is any volatility to expect for the stock. The company has also lost over 95 percent in the past year. Therefore, investors looking to invest should look at other stocks because there is a likelihood they will lose money investing in HCMC.