Is AMERI Holdings, Inc. (AMRH) a Sell? The Stock Formed Bearish Double Bottom Chart Pattern

June 20, 2018 - By Migdalia James

AMERI Holdings, Inc. (NASDAQ:AMRH) Logo

The chart of AMERI Holdings, Inc. (AMRH) shows a double bottom with $1.06 target or 7.00 % below today’s $1.14 share price. The 7 months chart pattern indicates high risk for the $21.42 million company. It was reported on Jun, 20 by Finviz.com. If the $1.06 price target is reached, the company will be worth $1.50M less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.87% or $0.01 during the last trading session, reaching $1.14. About 29,326 shares traded. AMERI Holdings, Inc. (NASDAQ:AMRH) has declined 83.39% since June 20, 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 earnings per share, up 73.08 % or $0.19 from last year’s $-0.26 per share. After $-0.11 actual earnings per share 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: Benzinga.com which released: “45 Biggest Movers From Yesterday” on June 06, 2018, also Nasdaq.com with their article: “Ameri100 Broadens Solutions Portfolio With Partnership With Machine Learning Company Bayestree” published on June 05, 2018, Nasdaq.com published: “Mid-Morning Market Update: Markets Edge Higher; Navistar Profit Tops Expectations” on June 05, 2018. More interesting news about AMERI Holdings, Inc. (NASDAQ:AMRH) were released by: Nasdaq.com and their article: “Ameri100 Announces Its Participation at SAPPHIRE NOW® to Showcase Cloud-based, IoT and Digital Transformation …” published on May 29, 2018 as well as Benzinga.com‘s news article titled: “Benzinga Pro’s 5 Stocks To Watch Today” with publication date: June 06, 2018.

AMERI Holdings, Inc., through its subsidiaries, provides SAP cloud and digital enterprise services. The company has market cap of $21.42 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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