The trading price of Mercurity Fintech Holding Inc (NASDAQ:MFH) closed higher on Friday, January 17, and closing at $7.47, 2.61% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $6.52 and $8.59. In examining the 52-week price action we see that the stock hit a 52-week high of $8.86 and a 52-week low of $1.03. Over the past month, the stock has gained 2.05% in value.
Mercurity Fintech Holding Inc, whose market valuation is $465.31 million at the time of this writing, is expected to release its quarterly earnings report in February. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest MFH has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that MFH’s price is currently 15.81% off the SMA20 and 33.14% off the SMA50. The RSI metric on the 14-day chart is currently showing 60.31, and weekly volatility stands at 19.19%. When measured over the past 30 days, the indicator reaches 14.61%. Mercurity Fintech Holding Inc (NASDAQ:MFH)’s beta value is currently sitting at 3.47, while the Average True Range indicator is currently displaying 1.04.
To see how Mercurity Fintech Holding Inc stock has been performing in comparison to its peers in the industry, here are the numbers: MFH stock’s performance was 2.61% in the latest trading, and 215.19% in the past year.
An evaluation of the daily trading volume of Mercurity Fintech Holding Inc (NASDAQ:MFH) indicates that the 3-month average is 394.97K. However, this figure has increased over the past 10 days to an average of 0.16.
Currently, records show that 4.44 billion of the company’s shares remain outstanding. The insiders hold 51.51% of outstanding shares, whereas institutions hold 23.23%. The stats also highlight that short interest as of 2024-11-15, stood at 0.83 million shares, resulting in a short ratio of 1.07 at that time. From this, we can conclude that short interest is 137.00 of the company’s total outstanding shares. It is noteworthy that short shares in November were up slightly from the previous month’s figure, which was 96892.0. However, since the stock’s price has seen 9.37% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.