The stock of Fitell Corp (FTEL) has seen a -3.50% decrease in the past week, with a 5.32% gain in the past month, and a 180.73% flourish in the past quarter. The volatility ratio for the week is 24.83%, and the volatility levels for the past 30 days are at 16.76% for FTEL. The simple moving average for the past 20 days is 3.62% for FTEL’s stock, with a 126.55% simple moving average for the past 200 days.
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 2.63% ratio of that float. The average trading volume of FTEL on May 06, 2024 was 554.42K shares.
FTEL) stock’s latest price update
Fitell Corp (NASDAQ: FTEL) has experienced a rise in its stock price by 21.38 compared to its previous closing price of 6.36. However, the company has seen a fall of -3.50% 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.
FTEL Trading at 13.71% 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 -22.02% of loss for the given period.
Volatility was left at 16.76%, however, over the last 30 days, the volatility rate increased by 24.83%, as shares sank -6.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +93.00% upper at present.
During the last 5 trading sessions, FTEL fell by -3.50%, in comparison to the 20-day moving average, which settled at $7.42. In addition, Fitell Corp saw 404.58% 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
- 0.18 for the gross margin
The net margin for Fitell Corp stands at -1.08. The total capital return value is set at -0.49. 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 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at -15.21. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is -76.69.
Currently, EBITDA for the company is -0.12 million with net debt to EBITDA at 0.69. When we switch over and look at the enterprise to sales, we see a ratio of 14.2. The receivables turnover for the company is 2.12for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.83.
Conclusion
In conclusion, Fitell Corp (FTEL) has seen better 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.
