DigiAsia Corp (NASDAQ:FAAS) price on current trading day, rose 18.64% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.77.
A look at the stock’s price movement, the level at last check in today’s session was $0.65, moving within a range at $0.671 and $0.85. The beta value (5-Year monthly) was 0.145. Turning to its 52-week performance, $13.99 and $0.38 were the 52-week high and 52-week low respectively. Overall, FAAS moved 30.49% over the past month.
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DigiAsia Corp’s market cap currently stands at around $8.23 million, with investors looking forward to this quarter’s earnings report slated for in January.
Turning to the stock’s technical picture we see that short term indicators suggest on average that FAAS is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
FAAS’s current price about 31.88% and -1.73% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.38, while 7-day volatility ratio is 52.70% and 24.75% in the 30-day chart. Further, DigiAsia Corp (FAAS) has a beta value of -0.08, and an average true range (ATR) of 0.15.
If we refocus on DigiAsia Corp (NASDAQ:FAAS), historical trading data shows that trading volumes averaged 0.96 over the past 10 days and 412.28K over the past 3 months. The company’s latest data on shares outstanding shows there are 10.69 million shares.
The 69.86% of DigiAsia Corp’s shares are in the hands of company insiders while institutional holders own 5.05% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.48 million on 2024-11-29, giving us a short ratio of 1.79. The data shows that as of 2024-11-29 short interest in DigiAsia Corp (FAAS) stood at 188.0 of shares outstanding, with shares short rising to 0.36 million registered in 2024-10-31. Current price change has pushed the stock -93.13% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FAAS stock continues to rise going into the next quarter.
