For the readers interested in the stock health of Future FinTech Group Inc. (FTFT). It is currently valued at $6.72. When the transactions were called off in the previous session, Stock hit the highs of $6.83, after setting-off with the price of $6.117. Company’s stock value dipped to $5.82 during the trading on the day. When the trading was stopped its value was $5.53.
Recently in News on January 14, 2021, Future FinTech Group Inc. Announces the Closing of $15 Million Registered Direct Offering. Future FinTech Group Inc. (NASDAQ: FTFT) (“Future FinTech”, “FTFT” or “the Company”), a leading blockchain based e-commerce company and a service provider for financial technology, today announced that it closed the registered direct offering of 3,000,000 share of its Common Stock at a purchase price of $5.00 per share on January 13, 2021. The gross proceeds of this offering are $15,000,000. The Company issued a total of 3,000,000 shares of its Common Stock in the offering. The net proceeds from this offering will be used for growth capital and general working capital purposes. You can read further details here
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Future FinTech Group Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $11.29 on 01/08/21, with the lowest value was $1.60 for the same time period, recorded on 01/05/21.
Future FinTech Group Inc. (FTFT) full year performance was 614.97%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Future FinTech Group Inc. shares are logging -40.48% during the 52-week period from high price, and 933.85% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.65 and $11.29.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 10064752 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Future FinTech Group Inc. (FTFT) recorded performance in the market was 257.45%, having the revenues showcasing 232.67% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 380.35M, as it employees total of 222 workers.
Future FinTech Group Inc. (FTFT) in the eye of market guru’s
During the last month, 0 analysts gave the Future FinTech Group Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 2.97, with a change in the price was noted +4.53. In a similar fashion, Future FinTech Group Inc. posted a movement of +206.85% for the period of last 100 days, recording 6,545,809 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for FTFT is recording 0.09 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Future FinTech Group Inc. (FTFT): Stocks Technical analysis and Trends
Raw Stochastic average of Future FinTech Group Inc. in the period of last 50 days is set at 53.03%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 58.76%. In the last 20 days, the company’s Stochastic %K was 38.72% and its Stochastic %D was recorded 36.79%.
If we look into the earlier routines of Future FinTech Group Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 257.45%. Additionally, trading for the stock in the period of the last six months notably improved by 182.35%, alongside a boost of 614.97% for the period of the last 12 months. The shares increased approximately by 33.60% in the 7-day charts and went up by 16.87% in the period of the last 30 days. Common stock shares were driven by 232.67% during last recorded quarter.