Firsthand Technology Value Fund Struggles in a Tough Market: A Look at Their Q1 Earnings Report and Stock Performance

Firsthand Technology Value Fund (NASDAQ: SVVC) is a business development company that specializes in venture capital investments in various stages of growth for companies. It seeks to invest in pre-IPO companies and those with limited operating histories or negative financial positions. The fund also considers investments in companies undergoing bankruptcy or reorganization.

On Thursday, Firsthand Technology Value Fund’s stock was down 13.4% as NASDAQ SVVC opened at $0.20. Despite this, the company’s twelve month low was $0.16 and its twelve month high was $0.98. The fifty day moving average is $0.24 and the 200 day moving average is $0.26. With a market cap of $1.39 million, a price-to-earnings ratio of 1.26, and a beta of 1.44, the company is facing a challenging market environment.

In its most recent quarterly earnings report released on March 28th, Firsthand Technology Value Fund reported earnings per share of ($0.04) for the quarter and revenue of $0.03 million