With 1.69 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.16 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $0.5349 whereas the lowest price it dropped to was $0.4103. The 52-week range on FTFT shows that it touched its highest point at $2.60 and its lowest point at $0.29 during that stretch. It currently has a 1-year price target of $14.30. Beta for the stock currently stands at 1.05.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FTFT was up-trending over the past week, with a rise of 45.16%, but this was up by 39.06% over a month. Three-month performance surged to 47.35% while six-month performance fell -44.10%. The stock lost -39.70% in the past year, while it has lost -75.41% so far this year. EPS is expected to grow by 15.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 43.27%.
Float and Shares Shorts:
At present, 17.83 million FTFT shares are outstanding with a float of 14.68 million shares on hand for trading. On 2024-10-31, short shares totaled 0.25 million, which was 120.0 higher than short shares on 1727654400. In addition to Mr. Ming Yi as the firm’s Chief Financial Officer, Mr. Peng Lei serves as its Chief Operating Officer.
Institutional Ownership:
Through their ownership of 0.00945 of FTFT’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, FTFT reported revenue of $4202888.0 and operating income of -$1711778.0. The EBITDA in the recently reported quarter was -$1691041.0 and diluted EPS was -$0.09.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential.
