mF International Ltd (NASDAQ:MFI) shares, rose in value on Thursday, March 06, with the stock price up by 16.14% to the previous day’s close as strong demand from buyers drove the stock to $0.72.
Actively observing the price movement in the last trading, the stock closed the session at $0.62. Referring to stock’s 52-week performance, its high was $14.49, and the low was $0.51. On the whole, MFI has fluctuated by -2.26% over the past month.
With the market capitalization of mF International Ltd currently standing at about $9.53 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MFI’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of MFI currently trading nearly 9.00% and 0.30% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.20, while the 7-day volatility ratio is showing 14.04% which for the 30-day chart, stands at 14.02%. Furthermore, mF International Ltd (MFI)’s average true range (ATR) is 0.11.
Data on historical trading for mF International Ltd (NASDAQ:MFI) indicates that the trading volumes over the past 3 months, they’ve averaged 3.06 million. According to company’s latest data on outstanding shares, there are 13.25 million shares outstanding.
Nearly 68.27% of mF International Ltd’s shares belong to company insiders and institutional investors own 1.02% of the company’s shares. The stock has risen by 7.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MFI stock heading into the next quarter.
