Mercurity Fintech Holding Inc (NASDAQ:MFH) price on Wednesday, November 13, rose 61.24% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.45.
A look at the stock’s price movement, the close in the last trading session was $3.38, moving within a range at $3.26 and $5.95. Turning to its 52-week performance, $3.77 and $0.77 were the 52-week high and 52-week low respectively. Overall, MFH moved 224.40% over the past month.
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Mercurity Fintech Holding Inc’s market cap currently stands at around $331.47 million, with investors looking forward to this quarter’s earnings report slated for in December.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MFH is a 50% Buy. On the other hand, the stock is on average a 25% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
MFH’s current price about 220.14% and 243.74% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 91.53, while 7-day volatility ratio is 48.00% and 19.26% in the 30-day chart. Further, Mercurity Fintech Holding Inc (MFH) has a beta value of 2.42, and an average true range (ATR) of 0.49.
If we refocus on Mercurity Fintech Holding Inc (NASDAQ:MFH), historical trading data shows that trading volumes averaged 1.61 over the past 10 days and 275.44K over the past 3 months. The company’s latest data on shares outstanding shows there are 60.82 million shares.
The 52.76% of Mercurity Fintech Holding Inc’s shares are in the hands of company insiders while institutional holders own 23.60% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.11 million on 2024-10-31, giving us a short ratio of 3.96. The data shows that as of 2024-10-31 short interest in Mercurity Fintech Holding Inc (MFH) stood at 18.000000999999997 of shares outstanding, with shares short falling to 0.11 million registered in 2024-09-30. Current price change has pushed the stock 109.62% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MFH stock continues to rise going into the next quarter.
