Future FinTech Group Inc. (NASDAQ:FTFT) finished Friday with a subtraction of $0.0 to close at $0.37, an upside of 0.51 percent. An average of 516,680 shares of common stock have been traded in the last five days. There was a fall of -$0.0600 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 372,945 shares traded, while the 50-day average volume stands at 220,282.
FTFT stock has increased by 3.62% in the last month. The company shares reached their 1-month lowest point of $0.3310 on 12/12/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $0.33 and a high of $1.74 in 52 weeks. It has reached a new high 1 time so far this year and lost -72.03% or -$0.9580 in price. In spite of this, the price is down -78.62% from the 52-week high.
Future FinTech Group Inc. (FTFT) stock’s beta is 0.89. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.78, the price-to-book (PB) ratio at 0.37.
The quick ratio of Future FinTech Group Inc. for the three months ended June 29 was 5.60, and the current ratio was 5.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.04 for the quarter ending June 29. Its gross profit as reported stood at $1.8 million compared to revenue of $25.05 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Future FinTech Group Inc.’s return on assets was -11.50%.
For the three-month period that ended June 29, Future FinTech Group Inc. had $0.97 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$3.53 million in the quarter, while revenues of -$2.11 million were shrunk -197.17%. The analyst consensus anticipated Future FinTech Group Inc.’s latest quarter earnings to come in at $1.12 per share, but it turned out to be $0.48, a -57.10% surprise. For the quarter, EBITDA amounted to -$4.58 million. Shareholders own equity worth $73.11 million.
From a technical analysis perspective, let’s take a brief look at Future FinTech Group Inc. (FTFT) price momentum. RSI 9-day as of the close on 30 December was 41.65%, suggesting the stock is Neutral, with historical volatility in this time frame at 146.39%.
As of today, FTFT’s price is $0.3911 -13.89% or -$0.0600 from its 5-day moving average. FTFT is currently trading +5.06% higher than its 20-day SMA and -29.67% lower than its 100-day SMA. However, the stock’s current price level is -17.33% below the SMA50 and -51.37% below the SMA200.
The stochastic %K and %D were 15.28% and 23.05%, respectively, and the average true range (ATR) was 0.0424. With the 14-day stochastic at 17.17% and the average true range at 0.0397, the RSI (14) stands at 44.48%. The stock has reached -0.0691 on the 9-day MACD Oscillator while the 14-day reading was at -0.0464.
The consensus rating for Future FinTech Group Inc. (FTFT) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FTFT, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 0 others rate it as a “buy”.
What is FTFT’s price target for the next 12 months?
Analysts predict a range of price targets between $14.30 and $14.30, with a median target of $14.30. Taking a look at these predictions, the average price target given by analysts for Future FinTech Group Inc. (FTFT) stock is $14.30.