FLJ Group Limited: Making Heads Or Tails Of FLJ Stock

FLJ Group Limited (NASDAQ:FLJ) price closed higher on Friday, September 15, jumping 25.64% above its previous close.

A look at the daily price movement shows that the last close reads $0.27, with intraday deals fluctuated between $0.266 and $0.407. The company’s 5Y monthly beta was ticking -0.64. Taking into account the 52-week price action we note that the stock hit a 52-week high of $4.06 and 52-week low of $0.15. The stock added 80.00% on its value in the past month.

On average, analysts have forecast the company’s revenue for the quarter will hit $3.13 billion, with the likely lows of $3.13 billion and highs of $3.13 billion. The average estimate suggests sales growth for the quarter will likely rise by 1,657.80% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $3.13 billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 1,657.80% above that which the company brought in 2021.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give FLJ a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned FLJ a recommendation rating as follows: 1 rate it as a Hold; 0 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the FLJ Group Limited (FLJ) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

The overview shows that FLJ’s price is at present 61.49% off the SMA20 and 52.67% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 74.55, with weekly volatility standing at 22.92%. The indicator jumps to 20.25% when calculated based on the past 30 days. FLJ Group Limited (NASDAQ:FLJ)’s beta value is holding at -0.68, while the average true range (ATR) indicator is currently reading 0.04. Considering analysts have assigned the stock a price target range of $374.13-$374.13 as the low and high respectively, we find the trailing 12-month average consensus price target to be $374.13. Based on this estimate, we see that current price is roughly -109938.24% off the estimated low and -109938.24% off the forecast high. Investors will no doubt be excited to see the share price fall to $374.13, which is the median consensus price, and at that level FLJ would be -109938.24% from current price.

An analysis of the FLJ Group Limited (NASDAQ:FLJ) stock in terms of its daily trading volume indicates that the 3-month average is 772.20K. However, this figure increases on the past 10-day timeline to an average of 2.16 million.

Current records show that the company has 189.19M in outstanding shares. The percentage share held by institutions stands at 9.10%. The stats also highlight that short interest as of Aug 30, 2023, stood at 71010.0 shares, which puts the short ratio at the time at 0.31. From this we can glean that short interest is 0.04% of company’s current outstanding shares. Notably, we see that shares short in August fall slightly given the previous month’s figure stood at 0.21 million. But the -86.10% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.