For the readers interested in the stock health of Mercurity Fintech Holding Inc. (MFH). It is currently valued at $2.49. When the transactions were called off in the previous session, Stock hit the highs of $2.60, after setting-off with the price of $2.25. Company’s stock value dipped to $2.24 during the trading on the day. When the trading was stopped its value was $2.20.Recently in News on September 8, 2021, Mercurity Fintech Holding Inc. Announces US$5 Million Private Placement. Mercurity Fintech Holding Inc. (“MFH” or the “Company”) (Nasdaq: MFH), today announced that three investors, TEAO TECHNOLOGY CO., LIMITED, GUANRUI TECHNOLOGY CO., LIMITED and XUAN YING CO., LTD, have agreed to purchase a total of 571,428,570 ordinary shares of the Company (“Ordinary Shares” ) and warrants to purchase up to 571,428,570 Ordinary Shares (the “Warrants”) for an aggregate consideration of US$5,000,000, to be settled in the form of 105.2430 bitcoins. The Company’s American depositary shares (“ADS”) are listed on the Nasdaq Capital Market. Each ADS represents 360 Ordinary Shares. You can read further details here
Mercurity Fintech Holding Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $13.14 on 02/17/21, with the lowest value was $2.11 for the same time period, recorded on 10/04/21.
Mercurity Fintech Holding Inc. (MFH) full year performance was -15.88%
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, Mercurity Fintech Holding Inc. shares are logging -81.05% during the 52-week period from high price, and 18.01% 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 $2.11 and $13.14.
The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 547759 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Mercurity Fintech Holding Inc. (MFH) recorded performance in the market was -18.36%, having the revenues showcasing -37.91% 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 25.12M, as it employees total of 22 workers.
Market experts do have their say about Mercurity Fintech Holding Inc. (MFH)
During the last month, 0 analysts gave the Mercurity Fintech Holding 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 3.98, with a change in the price was noted -3.71. In a similar fashion, Mercurity Fintech Holding Inc. posted a movement of -59.84% for the period of last 100 days, recording 265,757 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 MFH is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Technical breakdown of Mercurity Fintech Holding Inc. (MFH)
Raw Stochastic average of Mercurity Fintech Holding Inc. in the period of last 50 days is set at 16.45%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 60.32%. In the last 20 days, the company’s Stochastic %K was 33.25% and its Stochastic %D was recorded 27.53%.
Bearing in mind the latest performance of Mercurity Fintech Holding Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -18.36%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -56.24%, alongside a downfall of -15.88% for the period of the last 12 months. The shares increased approximately by 13.70% in the 7-day charts and went up by -6.39% in the period of the last 30 days. Common stock shares were lifted by -37.91% during last recorded quarter.