The price-to-earnings ratio for Star Fashion Culture Holdings Ltd (NASDAQ: STFS) is above average at 30.20x,
The average trading volume of STFS on October 16, 2024 was 487.83K shares.
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STFS) stock’s latest price update
The stock price of Star Fashion Culture Holdings Ltd (NASDAQ: STFS) has dropped by -10.12 compared to previous close of 3.36. globenewswire.com reported 2024-10-15 that Xiamen, China, Oct. 15, 2024 (GLOBE NEWSWIRE) — Star Fashion Culture Holdings Limited (“Star Fashion” or “the Company”) today announced the closing of its previously announced initial public offering of an aggregate 2,150,000 Class A Ordinary Shares (“the Offering”) at a price of $4.00 per share (“the Offering Price”) to the public, for a total of approximately US$8.6 million of gross proceeds to the Company, before deducting underwriting discounts and offering expenses. The shares began trading on the NASDAQ Capital Market on October 11, 2024, under the symbol “STFS.”
STFS’s Market Performance
The simple moving average for the past 20 days is -6.02% for STFS’s stock, with a -6.02% simple moving average for the past 200 days.
STFS Trading at -6.02% from the 50-Day Moving Average
After a stumble in the market that brought STFS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.35% of loss for the given period.
During the last 5 trading sessions, STFS fell by -7.36%, in comparison to the 20-day moving average. In addition, Star Fashion Culture Holdings Ltd saw -7.36% in overturn over a single year, with a tendency to cut further losses.
Conclusion
In a nutshell, Star Fashion Culture Holdings Ltd (STFS) 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.
