The simple moving average for the past 20 days is -77.37% for MFI’s stock, with a -77.37% simple moving average for the past 200 days.
Is It Worth Investing in mF International Ltd (NASDAQ: MFI) Right Now?
MFI currently public float of 4.20M.On May 07, 2024, MFI’s average trading volume was 3.62M shares.
MFI) stock’s latest price update
mF International Ltd (NASDAQ: MFI) has experienced a decline in its stock price by -10.45 compared to its previous closing price of 1.34. However, the company has seen a fall of -28.14% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-20 that U.S. IPO Weekly Recap: 2 Sizable Deals Price Up And Trade Up, While Broader IPO Market Slides
MFI Trading at -77.37% from the 50-Day Moving Average
After a stumble in the market that brought MFI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -91.72% of loss for the given period.
During the last 5 trading sessions, MFI fell by -28.14%, in comparison to the 20-day moving average. In addition, mF International Ltd saw -90.24% in overturn over a single year, with a tendency to cut further losses.
Conclusion
To wrap up, the performance of mF International Ltd (MFI) has been bad in recent times. The stock has received a mixed of “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.
