The 36-month beta value for FAAS is at 0.05.
The public float for FAAS is 10.69M, and currently, shorts hold a 2.94% of that float. The average trading volume for FAAS on October 21, 2024 was 629.44K shares.
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FAAS) stock’s latest price update
DigiAsia Corp. (NASDAQ: FAAS)’s stock price has dropped by -6.46 in relation to previous closing price of 1.62. Nevertheless, the company has seen a loss of -20.42% in its stock price over the last five trading days. benzinga.com reported 2024-08-26 that The most oversold stocks in the financials sector presents an opportunity to buy into undervalued companies.
FAAS’s Market Performance
DigiAsia Corp. (FAAS) has experienced a -20.42% fall in stock performance for the past week, with a 30.58% rise in the past month, and a -49.50% drop in the past quarter. The volatility ratio for the week is 17.31%, and the volatility levels for the past 30 days are at 26.43% for FAAS. The simple moving average for the past 20 days is -18.03% for FAAS’s stock, with a -75.45% simple moving average for the past 200 days.
FAAS Trading at 1.73% from the 50-Day Moving Average
After a stumble in the market that brought FAAS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -89.14% of loss for the given period.
Volatility was left at 26.43%, however, over the last 30 days, the volatility rate increased by 17.31%, as shares surge +33.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.14% upper at present.
During the last 5 trading sessions, FAAS fell by -20.42%, which changed the moving average for the period of 200-days by -85.36% in comparison to the 20-day moving average, which settled at $1.8542. In addition, DigiAsia Corp. saw -86.43% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FAAS starting from Marepally Bhargava, who purchase 110 shares at the price of $900.00 back on Mar 12 ’24. After this action, Marepally Bhargava now owns 110 shares of DigiAsia Corp., valued at $99,000 using the latest closing price.
Antony Prabhu, the President and CFO of DigiAsia Corp., purchase 230 shares at $1725.00 during a trade that took place back on Mar 12 ’24, which means that Antony Prabhu is holding 230 shares at $396,750 based on the most recent closing price.
Stock Fundamentals for FAAS
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.97 for the gross margin
The net margin for DigiAsia Corp. stands at -0.09. The total capital return value is set at -0.06. Equity return is now at value -0.06, with -0.05 for asset returns.
Based on DigiAsia Corp. (FAAS), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at -0.02. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is -2.61.
Currently, EBITDA for the company is -2.07 million with net debt to EBITDA at -3.39. When we switch over and look at the enterprise to sales, we see a ratio of 0.98. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.02.
Conclusion
In conclusion, DigiAsia Corp. (FAAS) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
