Fangdd Network Group Ltd (NASDAQ:DUO) shares, rose in value on Friday, October 11, with the stock price down by -0.01% to the previous day’s close as strong demand from buyers drove the stock to $1.22.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.22, falling within a range of $1.14 and $1.4. The value of beta (5-year monthly) is 1.297. Referring to stock’s 52-week performance, its high was $4.67, and the low was $0.32. On the whole, DUO has fluctuated by 171.33% over the past month.
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Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 154.69M, with a low estimate of 138.93M and a high estimate of 138.93M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 26.15M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DUO’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The price of DUO currently trading nearly -21.40% and 40.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.09, while the 7-day volatility ratio is showing 54.39% which for the 30-day chart, stands at 37.89%. Furthermore, Fangdd Network Group Ltd (DUO)’s beta value is 1.69, and its average true range (ATR) is 0.59.
A comparison of Fangdd Network Group Ltd (DUO) with its peers suggests the former has fared considerably weaker in the market. DUO showed an intraday change of -0.01% in today’s session so far, and over the past year, it grew by 68.55%%.
Data on historical trading for Fangdd Network Group Ltd (NASDAQ:DUO) indicates that the trading volumes over the past 10 days have averaged 62.67 and over the past 3 months, they’ve averaged 14.15 million.
The data on short interest also indicates that stock shorts accounted for 5.56 million shares as on 2024-09-30, resulting in a short ratio of 0.03. The stock has risen by 81.26% 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.
