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How Stable And Growing Is Fangdd Network Group Ltd. (NASDAQ: DUO)?

Fangdd Network Group Ltd. (NASDAQ:DUO) shares, rose in value on Friday, 08/05/22, with the stock price down by -1.58% to the previous day’s close as strong demand from buyers drove the stock to $2.49.

Actively observing the price movement in the last trading, the stock closed the session at $2.53, falling within a range of $2.31 and $2.73. The value of beta (5-year monthly) was -0.11. Referring to stock’s 52-week performance, its high was $28.80, and the low was $1.61. On the whole, DUO has fluctuated by 21.46% over the past month.

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With the market capitalization of Fangdd Network Group Ltd. currently standing at about $13.57 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 24, 2022 – Mar 28, 2022.

Analysts have estimated the company’s revenue for the quarter at $26.15 million, with a low estimate of $138.93 million and a high estimate of $138.93 million. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $154.69 million, representing a decrease of -56.50% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that DUO’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of DUO currently trading nearly 14.48% and 5.75% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.20, while the 7-day volatility ratio is showing 37.63% which for the 30-day chart, stands at 16.43%. Furthermore, Fangdd Network Group Ltd. (DUO)’s average true range (ATR) is 0.40.

Data on historical trading for Fangdd Network Group Ltd. (NASDAQ:DUO) indicates that the trading volumes over the past 10 days have averaged 0.32 million and over the past 3 months, they’ve averaged 113.01K. According to company’s latest data on outstanding shares, there are 79.85 million shares outstanding.

Nearly 17.39% of Fangdd Network Group Ltd.’s shares belong to company insiders and institutional investors own 0.80% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 94530.0 shares as on Jul 14, 2022, resulting in a short ratio of 1.77. According to the data, the short interest in Fangdd Network Group Ltd. (DUO) stood at 1.73% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 0.11 million. The stock has fallen by -64.30% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DUO stock heading into the next quarter.

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