Fitell Corp (NASDAQ: FTEL)’s stock price has dropped by -0.15 in relation to previous closing price of 6.85. Nevertheless, the company has seen a loss of -0.73% in its stock price over the last five trading days. Seeking Alpha reported 2023-11-05 that Fitell Corporation (NASDAQ:FTEL ) Q4 2023 Earnings Conference Call October 31, 2023 8:30 AM ET Company Participants Yiru Xu – Investor Relations Yinying Sam Lu – Chief Executive Officer Jamarson Kong – Chief Financial Officer Operator Good day, everyone and welcome to Fitell Corporation’s Fiscal Year of 2023 Financial Results Conference Call. [Operator Instructions] And at this time, I’d like to turn the floor over to Yiru Xu with Investor Relations.
Is It Worth Investing in Fitell Corp (NASDAQ: FTEL) Right Now?
The public float for FTEL is 4.68M, and currently, short sellers hold a 1.73% ratio of that floaft. The average trading volume of FTEL on April 18, 2024 was 392.20K shares.
FTEL’s Market Performance
FTEL stock saw a decrease of -0.73% in the past week, with a monthly decline of -1.72% and a quarterly a decrease of 406.67%. The volatility ratio for the week is 9.76%, and the volatility levels for the last 30 days are 17.66% for Fitell Corp (FTEL).. The simple moving average for the past 20 days is -7.19% for FTEL’s stock, with a 119.53% simple moving average for the past 200 days.
FTEL Trading at 20.22% from the 50-Day Moving Average
After a stumble in the market that brought FTEL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -25.65% of loss for the given period.
Volatility was left at 17.66%, however, over the last 30 days, the volatility rate increased by 9.76%, as shares sank -13.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +146.93% upper at present.
During the last 5 trading sessions, FTEL fell by -0.73%, in comparison to the 20-day moving average, which settled at $7.32. In addition, Fitell Corp saw 347.06% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for FTEL
Current profitability levels for the company are sitting at:
- -0.88 for the present operating margin
- 0.09 for the gross margin
The net margin for Fitell Corp stands at -1.08. The total capital return value is set at -0.33. Equity return is now at value -57.69, with -42.39 for asset returns.
Based on Fitell Corp (FTEL), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at -25.1. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is -51.12.
Currently, EBITDA for the company is -0.12 million with net debt to EBITDA at 1.05. When we switch over and look at the enterprise to sales, we see a ratio of 18.77. The receivables turnover for the company is 1.41for trailing twelve months and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.83.
Conclusion
In a nutshell, Fitell Corp (FTEL) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
