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Future FinTech Group Inc. (FTFT) Rises From The Low: Could It Be A Catbird Seat?

Future FinTech Group Inc. (NASDAQ:FTFT) concluded the trading at $0.34 on Wednesday, November 23 with a fall of -6.67% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $0.36 and 5Y monthly beta was reading 1.13. Considering stock’s 52-week price range provides that FTFT hit a high price of $1.84 and saw its price falling to a low level of $0.36 during that period. Over a period of past 1-month, stock came subtracting -23.38% in its value.

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They suggested that in the process company could generate revenue of as low as $20.08 million which could climb up to $20.08 million to hit a high.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review FTFT stock’s current outlook then short term indicators are assigning it an average of 100% Sell, while medium term indicators are categorizing the stock at an average of 100% Sell. Long term indicators are suggesting an average of 100% Sell for it.

Digging deeper we become aware of the PEG ratio of the FTFT stock which is currently positioned at 0. It further provides that stock’s current price level is -21.00% away from its 20-day simple moving average and is -24.91% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 25.50 while volatility remained at 7.50% over the past week which changes to 6.83% when measuring it over the past month. Beta is valued at 1.10, while measure of average true range or ATR is currently at 0.03.

In comparing Future FinTech Group Inc. (FTFT)’s stock with other industry players reveals that stock’s current price change of -6.67% and that of -79.51% over the past 12 months is in competing position with that of The Alkaline Water Company Inc. (WTER) which saw its stock price raised by 6.51% in the last trading and went through a decrease of -78.78% in past 12-month trading. Industry’s another major player PepsiCo Inc. (PEP) has rise 0.13% up in previous session, but over the past year has faced a rise of 12.00% over the same period. Future FinTech Group Inc. has a P/E ratio of 0 while PepsiCo Inc. is showing 26.25 for the same. On the other hand, the S&P 500 Index was up 0.59% in the last trading session while the Dow Jones Industrial closed the session higher at 0.28%.

Having a second look at Future FinTech Group Inc. (NASDAQ:FTFT) provides that stock’s average daily trading volume for 3 months was 129.88K, while it jumped to 0.13 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 70.07 million.

The percentage of outstanding shares held by the insiders is 1.90% while it is 0.80% for the institutional holders. The figures also indicate that as of Oct 13, 2022, number of stock’s short shares was 2.9 million which implies a short ratio of 22.16. This shows down a 3.96% of Short Interest in company’s outstanding shares on the day. In October the standing of shares short improved as it was 3.34 million in the previous month. Subtraction of -74.74% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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