Firsthand Technology Value Fund (NASDAQ: SVVC) has recently caught the attention of StockNews.com, which issued a hold rating on the company’s stock in a report published on Thursday morning. The stock was down 13.4% as NASDAQ SVVC opened at $0.20 on Thursday, with a twelve-month low of $0.16 and a twelve-month high of $0.98.
With 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 facing a challenging market environment as it navigates a complex financial landscape. In its most recent quarterly earnings report released on March 28th, the company reported earnings per share of ($0.04) for the quarter and revenue of $0.03 million.
Firsthand Technology Value Fund, Inc., is a business development company that specializes in venture capital investments in various stages of growth for companies that are pre-IPO or have limited operating histories or negative financial positions or undergoing bankruptcy or reorganization process . The fund aims to provide its investors with an opportunity to invest in these types of companies and potentially generate high returns.
