Mercurity Fintech Holding Inc. (NASDAQ:MFH) traded at $2.41 at last check on Friday, Nov 20, making a downturn move of -5.86% on its previous day’s price.
Looking at the stock we see that its previous close was $2.56 and the beta (5Y monthly) reads 0.95 with the day’s price range being $2.2800 – 2.6800. The company has a 12-month trailing PE ratio of 7.6. In terms of its 52-week price range, MFH has a high of $5.2 and a low of $1. The company’s stock has gained about -23.73% over that past 30 days.
There have been no upward or downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the MFH stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Buy.
Let’s briefly compare Mercurity (MFH) stock to its peers. We find that today’s price change of -5.86% and +20.49% over the past 12 months for MFH competes that of Visa Inc (V), which has seen its stock price fall -1.78% in the latest trading session and is +13.34% over the last one year. Another of its peers Mastercard Inc (MA) has dropped -3.26% today, and is +13.55% up over the past year, while Fidelity National Information Services (FIS) is also down -5.86% yet its price remains in the green at 20.49% over the same period. Visa has a P/E ratio of 36.7 compared to Mercurity’s 7.6 and Mastercard’s 48.67. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.68% and -0.75%, respectively, in early deals.
Coming back to Mercurity Fintech Holding Inc. (NASDAQ:MFH), we note that the average 3-month trading volume was 375.73 Million, while that of the preceding 10-day period stands at 344.86 Million. Current shares outstanding are 8.22 Million.
According to data from Thomson Reuters, insiders hold 0% of the company’s shares while institutions hold 1.19%. The data shows that short shares as of October 29, 2020, stood at 12.39 Million at a short ratio of 0.02. This represents a 0.15% Short interest in Shares outstanding on October 29, 2020. Shares short rose in October from the previous month at 3.16 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +46.95% up in year-to-date price movement.