What’s in AMERI Holdings, Inc. (AMRH) After Forming Double Bottom Chart Pattern?

June 15, 2018 - By Darrin Black

AMERI Holdings, Inc. (NASDAQ:AMRH) Logo

The chart of AMERI Holdings, Inc. (AMRH) shows a double bottom with $1.13 target or 3.00 % below today’s $1.16 share price. The 5 months chart pattern indicates high risk for the $21.80M company. It was reported on Jun, 15 by Finviz.com. If the $1.13 price target is reached, the company will be worth $653,940 less. Double bottoms are rare but powerful chart patterns.

The stock increased 2.65% or $0.03 during the last trading session, reaching $1.16. About 16,073 shares traded. AMERI Holdings, Inc. (NASDAQ:AMRH) has declined 83.39% since June 15, 2017 and is downtrending. It has underperformed by 95.96% the S&P500.

Analysts await AMERI Holdings, Inc. (NASDAQ:AMRH) to report earnings on August, 17. They expect $-0.07 EPS, up 73.08 % or $0.19 from last year’s $-0.26 per share. After $-0.11 actual EPS reported by AMERI Holdings, Inc. for the previous quarter, Wall Street now forecasts -36.36 % EPS growth.

More notable recent AMERI Holdings, Inc. (NASDAQ:AMRH) news were published by: Nasdaq.com which released: “Mid-Afternoon Market Update: Tarena International Falls After Q1 Results; AMERI Holdings Shares Climb” on June 05, 2018, also Benzinga.com with their article: “Benzinga Pro’s 5 Stocks To Watch Today” published on June 06, 2018, Nasdaq.com published: “Ameri100 Announces Its Participation at SAPPHIRE NOW® to Showcase Cloud-based, IoT and Digital Transformation …” on May 29, 2018. More interesting news about AMERI Holdings, Inc. (NASDAQ:AMRH) were released by: Nasdaq.com and their article: “Ameri100 Broadens Solutions Portfolio With Partnership With Machine Learning Company Bayestree” published on June 05, 2018 as well as Nasdaq.com‘s news article titled: “Mid-Morning Market Update: Markets Edge Higher; Navistar Profit Tops Expectations” with publication date: June 05, 2018.

AMERI Holdings, Inc., through its subsidiaries, provides SAP cloud and digital enterprise services. The company has market cap of $21.80 million. The firm offers cloud services, including public, private, and hybrid SAP cloud services, as well as SAP HANA cloud migration and cloud automation solutions. It currently has negative earnings. It also provides digital services, such as SimpleAPO mobile application, a advance planning and optimization application that provides sales professionals with real-time collaboration capabilities and customer data on their mobile devices; SAP IBP mobile app, which enables the real-time management and analysis of Sales and Operations Planning related data from mobile devices; and Robotic Process Automation, which leverages the capability of artificially intelligent software agents for business process automation, as well as for reporting and analysis, and deliver insights into business functions by translating large data into structured reports.

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