DigiAsia Corp. (FAAS) Stock: A Look at the Monthly Trend

The stock of DigiAsia Corp. (FAAS) has gone up by 17.72% for the week, with a -40.57% drop in the past month and a -41.09% drop in the past quarter. The volatility ratio for the week is 57.27%, and the volatility levels for the past 30 days are 34.92% for FAAS. The simple moving average for the past 20 days is -12.97% for FAAS’s stock, with a -36.09% simple moving average for the past 200 days.

Is It Worth Investing in DigiAsia Corp. (NASDAQ: FAAS) Right Now?

DigiAsia Corp. (NASDAQ: FAAS) has a price-to-earnings ratio of 61.79x that is above its average ratio. Additionally, the 36-month beta value for FAAS is -0.04.

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The public float for FAAS is 2.21M and currently, short sellers hold a 0.08% ratio of that float. The average trading volume of FAAS on April 04, 2024 was 23.39K shares.

FAAS) stock’s latest price update

The stock of DigiAsia Corp. (NASDAQ: FAAS) has decreased by -42.65 when compared to last closing price of 11.70.Despite this, the company has seen a gain of 17.72% in its stock price over the last five trading days.

FAAS Trading at -29.19% from the 50-Day Moving Average

After a stumble in the market that brought FAAS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -52.04% of loss for the given period.

Volatility was left at 34.92%, however, over the last 30 days, the volatility rate increased by 57.27%, as shares sank -44.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -41.14% lower at present.

During the last 5 trading sessions, FAAS rose by +17.72%, which changed the moving average for the period of 200-days by -35.17% in comparison to the 20-day moving average, which settled at $7.45. In addition, DigiAsia Corp. saw -40.09% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at FAAS starting from Antony Prabhu, who purchase 230 shares at the price of $1725.00 back on Mar 12 ’24. After this action, Antony Prabhu now owns 230 shares of DigiAsia Corp., valued at $396,750 using the latest closing price.

Marepally Bhargava, the Chief Executive Officer of DigiAsia Corp., purchase 110 shares at $900.00 during a trade that took place back on Mar 12 ’24, which means that Marepally Bhargava is holding 110 shares at $99,000 based on the most recent closing price.

Stock Fundamentals for FAAS

Equity return is now at value 1.69, with 1.52 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 0.03.

Conclusion

In conclusion, DigiAsia Corp. (FAAS) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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