Mercurity Fintech Holding Inc (NASDAQ:MFH) shares, rose in value on Thursday, April 16, with the stock price up by 7.54% to the previous day’s close as strong demand from buyers drove the stock to $5.85.
Actively observing the price movement in the last trading, the stock closed the session at $5.44, falling within a range of $5.35 and $5.9499. The value of beta (5-year monthly) was 10.47. Referring to stock’s 52-week performance, its high was $8.86, and the low was $1.03. On the whole, MFH has fluctuated by -6.10% over the past month.
With the market capitalization of Mercurity Fintech Holding Inc currently standing at about $372.41 million, investors are eagerly awaiting this quarter’s results, scheduled for in May.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MFH’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of MFH currently trading nearly 8.13% and -0.21% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.51, while the 7-day volatility ratio is showing 11.18% which for the 30-day chart, stands at 11.60%. Furthermore, Mercurity Fintech Holding Inc (MFH)’s beta value is 3.97, and its average true range (ATR) is 0.65.
A comparison of Mercurity Fintech Holding Inc (MFH) with its peers suggests the former has fared considerably weaker in the market. MFH showed an intraday change of 7.54% in last session, and over the past year, it grew by 370.18%%.
Data on historical trading for Mercurity Fintech Holding Inc (NASDAQ:MFH) indicates that the trading volumes over the past 10 days have averaged 69480.0 and over the past 3 months, they’ve averaged 95.99K. According to company’s latest data on outstanding shares, there are 4.44 billion shares outstanding.
Nearly 50.40% of Mercurity Fintech Holding Inc’s shares belong to company insiders and institutional investors own 23.57% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.52 million shares as on 2025-03-31, resulting in a short ratio of 8.16. According to the data, the short interest in Mercurity Fintech Holding Inc (MFH) stood at 81.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 0.5 million. The stock has fallen by -14.35% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MFH stock heading into the next quarter.
