Firsthand Technology Value Fund (NASDAQ:SVVC) Coverage Initiated at StockNews.com

Posted by on Aug 12th, 2023

StockNews.com started coverage on shares of Firsthand Technology Value Fund (NASDAQ:SVVC – Get Free Report) in a research report issued to clients and investors on Saturday. The brokerage set a “hold” rating on the investment management company’s stock.

Firsthand Technology Value Fund Stock Performance

SVVC stock opened at $0.61 on Friday. The company has a market capitalization of $4.20 million, a PE ratio of -0.07 and a beta of 1.35. The company’s fifty day moving average price is $0.67 and its 200-day moving average price is $0.86. Firsthand Technology Value Fund has a one year low of $0.56 and a one year high of $1.78.

Firsthand Technology Value Fund (NASDAQ:SVVC – Get Free Report) last released its quarterly earnings results on Monday, May 15th. The investment management company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $0.19 million for the quarter.

Institutional Investors Weigh In On Firsthand Technology Value Fund

A hedge fund recently bought a new stake in Firsthand Technology Value Fund stock. Atria Wealth Solutions Inc. purchased a new stake in shares of Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 22,797 shares of the investment management company’s stock, valued at approximately $79,000. Atria Wealth Solutions Inc. owned approximately 0.33% of Firsthand Technology Value Fund as of its most recent SEC filing. 12.19% of the stock is owned by institutional investors.

Firsthand Technology Value Fund Company Profile

(Get Free Report)

Firsthand Technology Value Fund, Inc is a business development company specializes in venture capital investments in start-up, early stage, middle stage, late stage, early development stage, and PIPEs. It seeks to invest in pre-IPO companies. The fund also seeks to make investments in companies with operating histories that are unprofitable or marginally profitable, that have negative net worth, or that are involved in bankruptcy or reorganization proceedings.

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