There Is A Lot Of Upside Potential For Fanhua Inc ADR(NASDAQ: FANH)

Fanhua Inc ADR (NASDAQ:FANH) price on current trading day, rose 5.52% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.53.

A look at the stock’s price movement, the close in the last trading session was $1.45, moving within a range at $1.46 and $1.5899. The beta value (5-Year monthly) was 0.009 while the PE ratio in trailing twelve months stood at 2.12. Turning to its 52-week performance, $7.54 and $1.04 were the 52-week high and 52-week low respectively. Overall, FANH moved 20.47% over the past month.

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Fanhua Inc ADR’s market cap currently stands at around $86.77 million, with investors looking forward to this quarter’s earnings report slated for on 2022-Mar-28.

Analysts have a consensus estimate of 376.15M for the company’s revenue for the quarter, with a low and high estimate of 376.15M and 376.15M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 386.27M, representing a -14.50% decline on that reported in the last financial year.

Turning to the stock’s technical picture we see that short term indicators suggest on average that FANH is a 50% Sell. 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 100% Sell category.

The technical evaluation for the stock shows the PEG ratio is 0.28, with FANH’s current price about 21.91% and 13.86% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 62.97, while 7-day volatility ratio is 11.11% and 7.95% in the 30-day chart. Further, Fanhua Inc ADR (FANH) has a beta value of 0.00, and an average true range (ATR) of 0.12.

If we refocus on Fanhua Inc ADR (NASDAQ:FANH), historical trading data shows that trading volumes averaged 0.44 over the past 10 days and 364.87K over the past 3 months. The company’s latest data on shares outstanding shows there are 56.71 million shares.

The 18.53% of Fanhua Inc ADR’s shares are in the hands of company insiders while institutional holders own 5.23% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.28 million on 2024-09-13, giving us a short ratio of 1.81. The data shows that as of 2024-09-13 short interest in Fanhua Inc ADR (FANH) stood at 101.0 of shares outstanding, with shares short falling to 0.36 million registered in 2024-08-15. Current price change has pushed the stock -76.99% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FANH stock continues to rise going into the next quarter.

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