DigiAsia Corp (NASDAQ: FAAS)’s stock price has increased by 13.86 compared to its previous closing price of 0.55. However, the company has seen a -13.32% decrease in its stock price over the last five trading sessions. benzinga.com reported 2024-08-26 that The most oversold stocks in the financials sector presents an opportunity to buy into undervalued companies.
Is It Worth Investing in DigiAsia Corp (NASDAQ: FAAS) Right Now?
FAAS has 36-month beta value of 0.05.
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The public float for FAAS is 10.69M, and currently, short sellers hold a 3.34% ratio of that float. The average trading volume of FAAS on November 19, 2024 was 686.61K shares.
FAAS’s Market Performance
FAAS stock saw a decrease of -13.32% in the past week, with a monthly decline of -58.55% and a quarterly a decrease of -41.67%. The volatility ratio for the week is 29.42%, and the volatility levels for the last 30 days are 21.10% for DigiAsia Corp (FAAS). The simple moving average for the last 20 days is -32.70% for FAAS stock, with a simple moving average of -87.68% for the last 200 days.
FAAS Trading at -53.82% 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 -95.50% of loss for the given period.
Volatility was left at 21.10%, however, over the last 30 days, the volatility rate increased by 29.42%, as shares sank -57.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -60.87% lower at present.
During the last 5 trading sessions, FAAS fell by -13.32%, which changed the moving average for the period of 200-days by -95.12% in comparison to the 20-day moving average, which settled at $0.9361. In addition, DigiAsia Corp saw -94.37% 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 63562.0 with net debt to EBITDA at -24.97. When we switch over and look at the enterprise to sales, we see a ratio of 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.02.
Conclusion
To put it simply, DigiAsia Corp (FAAS) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
