The trading price of DigiAsia Corp (NASDAQ:FAAS) closed higher on Tuesday, May 27, and closing at $0.87, 32.85% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $9.48 and a 52-week low of $0.16. Over the past month, the stock has gained 236.00% in value.
DigiAsia Corp, whose market valuation is $53.02 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest FAAS 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% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that FAAS’s price is currently 183.76% off the SMA20 and 202.37% off the SMA50. The RSI metric on the 14-day chart is currently showing 88.19, and weekly volatility stands at 8.64%. When measured over the past 30 days, the indicator reaches 18.75%. DigiAsia Corp (NASDAQ:FAAS)’s beta value is currently sitting at 0.71, while the Average True Range indicator is currently displaying 0.13.
To see how DigiAsia Corp stock has been performing in comparison to its peers in the industry, here are the numbers: FAAS stock’s performance was 32.85% in the latest trading, and -89.88% in the past year.
An evaluation of the daily trading volume of DigiAsia Corp (NASDAQ:FAAS) indicates that the 3-month average is 12.17 million.
Currently, records show that 60.69 million of the company’s shares remain outstanding. The insiders hold 69.86% of outstanding shares, whereas institutions hold 9.12%. However, since the stock’s price has seen 16.48% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
