Future FinTech Group Inc (FTFT) Shares Decline Despite Market Challenges

The stock of Future FinTech Group Inc (NASDAQ: FTFT) has decreased by -7.70 when compared to last closing price of 0.95.Despite this, the company has seen a loss of -9.89% in its stock price over the last five trading days. Proactive Investors reported 2024-01-12 that Future FinTech Group’s shares fell as much as 20% in Friday premarket trading after the US Securities and Exchange Commission (SEC) charged CEO Shanchun Huang with manipulative trading and failure to disclose beneficial ownership. The allegations stem from Huang’s suspicious activities in the stock market just before assuming the role of CEO in 2020.

Is It Worth Investing in Future FinTech Group Inc (NASDAQ: FTFT) Right Now?

FTFT has 36-month beta value of 0.90. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for FTFT is 10.79M, and currently, short sellers hold a 3.00% ratio of that float. The average trading volume of FTFT on April 04, 2024 was 137.25K shares.

FTFT’s Market Performance

FTFT’s stock has seen a -9.89% decrease for the week, with a -18.22% drop in the past month and a -53.21% fall in the past quarter. The volatility ratio for the week is 6.35%, and the volatility levels for the past 30 days are at 9.41% for Future FinTech Group Inc The simple moving average for the past 20 days is -14.25% for FTFT’s stock, with a -23.51% simple moving average for the past 200 days.

FTFT Trading at -17.13% from the 50-Day Moving Average

After a stumble in the market that brought FTFT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -66.35% of loss for the given period.

Volatility was left at 9.41%, however, over the last 30 days, the volatility rate increased by 6.35%, as shares sank -12.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.69% lower at present.

During the last 5 trading sessions, FTFT fell by -9.89%, which changed the moving average for the period of 200-days by -31.64% in comparison to the 20-day moving average, which settled at $1.0141. In addition, Future FinTech Group Inc saw -52.19% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for FTFT

Current profitability levels for the company are sitting at:

  • -0.29 for the present operating margin
  • 0.14 for the gross margin

The net margin for Future FinTech Group Inc stands at -0.37. The total capital return value is set at -0.16. Equity return is now at value -17.63, with -14.81 for asset returns.

Based on Future FinTech Group Inc (FTFT), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -6.4. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is -1808.19.

Currently, EBITDA for the company is -11.13 million with net debt to EBITDA at 3.07. When we switch over and look at the enterprise to sales, we see a ratio of -0.58. The receivables turnover for the company is 9.92for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.40.

Conclusion

To put it simply, Future FinTech Group Inc (FTFT) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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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