Fangdd Network Group Ltd ADR (NASDAQ:DUO) Stock Could Be Worth Considering

Fangdd Network Group Ltd ADR (NASDAQ:DUO) price on Thursday, May 30, fall -1.17% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.79.

A look at the stock’s price movement, the level at last check in today’s session was $0.79. Turning to its 52-week performance, $19.65 and $0.35 were the 52-week high and 52-week low respectively. Overall, DUO moved 94.02% over the past month.

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Fangdd Network Group Ltd ADR’s market cap currently stands at around $65.42 million.

Turning to the stock’s technical picture we see that short term indicators suggest on average that DUO is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.

DUO’s current price about 12.68% and 46.98% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.69, while 7-day volatility ratio is 19.57% and 19.46% in the 30-day chart. Further, Fangdd Network Group Ltd ADR (DUO) has a beta value of 1.33, and an average true range (ATR) of 0.22.

If we refocus on Fangdd Network Group Ltd ADR (NASDAQ:DUO), historical trading data shows that trading volumes averaged 3.81 million over the past 3 months. The company’s latest data on shares outstanding shows there are 83.28 million shares.

Current price change has pushed the stock 16.73% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DUO stock continues to rise going into the next quarter.

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