As of Friday close, Missfresh Limited’s (NASDAQ:MF) stock was up $1.47, moving up 284.54 percent to $1.98. The average number of shares traded per day over the past five days has been 26,406,318 shares. 4 times new highs have been achieved over the past 5 days, with a $1.4675 gain in that time frame. In the last twenty days, the average volume was 6,653,110, while in the previous 50 days, it was 2,739,784.
Since last month, MF stock rose 287.55%. Shares of the company fell to $0.4111 on 08/01/23, the lowest level in the past month. A 52-week high of $7.28 was reached on 08/04/23 after having rallying from a 52-week low of $0.41. Since the beginning of this year, MF’s stock price has risen by 11.24% or $0.2000, and marked a new high 5 times. However, the stock has declined by -72.79% since its 52-week high.
Financial Health
Based on annual data, MF earned $84.16 million in gross profit and brought in $400.35 million in revenue.
MF’s revenue fell -172.47% during the quarter, while net income inched up to $400.35 million. The liabilities of Missfresh Limited were 299.55 million at the end of its most recent quarter, and its total debt was $72.62 million.
Technical Picture
This quick technical analysis looks at Missfresh Limited’s (MF) price momentum. With a historical volatility rate of 666.36%, the RSI 9-day stood at 92.84% on 04 August.
With respect to its five-day moving average, the current Missfresh Limited price is up by +286.34% percent or $1.4675. At present, MF shares trade +303.26% above its 20-day simple moving average and +28.57% percent above its 100-day simple moving average. However, the stock is currently trading approximately +204.57% above its SMA50 and +20.00% above its SMA200.
Stochastic coefficient K was 38.78% and Stochastic coefficient D was 23.92%, while ATR was 0.3130. Given the Stochastic reading of 75.11% for the 14-day period, the RSI (14) reading has been calculated as 89.08%. As of today, the MACD Oscillator reading stands at 0.3344, while the 14-day reading stands at 0.3879.
Analyst Ratings
Citigroup launched its rating on Missfresh Limited (NASDAQ: MF) to a Buy in a note to investors on November 22, 2021. Missfresh Limited (MF) has been rated Buy by analysts. According to 0 brokerage firms, MF is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Missfresh Limited stock as buy, with 1 recommending it as overweight.
With a median target price of $26.66, the current consensus forecast for the stock is $26.66 – $26.66. Based on these forecasts, analysts predict Missfresh Limited (MF) will achieve an average price target of $26.66.
