The trading price of Fangdd Network Group Ltd (NASDAQ:DUO) floating lower at last check on current market day and closing at $0.62, -1.87% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $0.61 and $0.64. In examining the 52-week price action we see that the stock hit a 52-week high of $4.67 and a 52-week low of $0.32. Over the past month, the stock has lost -49.30% in value.
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Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest DUO has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Sell.
A quick review shows that DUO’s price is currently -38.47% off the SMA20 and -49.02% off the SMA50. The RSI metric on the 14-day chart is currently showing 37.60, and weekly volatility stands at 14.60%. When measured over the past 30 days, the indicator reaches 13.67%. Fangdd Network Group Ltd (NASDAQ:DUO)’s beta value is currently sitting at 1.68, while the Average True Range indicator is currently displaying 0.22.
To see how Fangdd Network Group Ltd stock has been performing today in comparison to its peers in the industry, here are the numbers: DUO stock’s performance was -1.87% at last check in today’s session, and -33.14% in the past year.
An evaluation of the daily trading volume of Fangdd Network Group Ltd (NASDAQ:DUO) indicates that the 3-month average is 17.27 million. However, this figure has increased over the past 10 days to an average of 8.56.
The stats also highlight that short interest as of 2024-10-31, stood at 1.97 million shares, resulting in a short ratio of 0.04 at that time. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 5.56 million. However, since the stock’s price has seen -8.10% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
