In the past week, FTEL stock has gone up by 22.31%, with a monthly decline of -67.61% and a quarterly plunge of -32.89%. The volatility ratio for the week is 15.33%, and the volatility levels for the last 30 days are 65.12% for Fitell Corp The simple moving average for the past 20 days is -30.99% for FTEL’s stock, with a -41.77% simple moving average for the past 200 days.
Is It Worth Investing in Fitell Corp (NASDAQ: FTEL) Right Now?
The stock has a 36-month beta value of 8.07.
The public float for FTEL is 13.68M, and at present, short sellers hold a 7.72% of that float. On January 10, 2025, the average trading volume of FTEL was 220.64K shares.
FTEL) stock’s latest price update
The stock price of Fitell Corp (NASDAQ: FTEL) has jumped by 19.98 compared to previous close of 8.91. Despite this, the company has seen a gain of 22.31% in its stock price over the last five trading days. globenewswire.com reported 2024-03-05 that TAREN POINT, Australia, March 05, 2024 (GLOBE NEWSWIRE) — Fitell Corporation (Nasdaq: FTEL) (“Fitell” or the “Company”), an online retailer of gym and fitness equipment in Australia, today announced its half-year financial results for the six months ended December 31, 2023.
FTEL Trading at -55.74% 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 -78.40% of loss for the given period.
Volatility was left at 65.12%, however, over the last 30 days, the volatility rate increased by 15.33%, as shares sank -66.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -66.77% lower at present.
During the last 5 trading sessions, FTEL rose by +22.31%, which changed the moving average for the period of 200-days by +55.60% in comparison to the 20-day moving average, which settled at $15.49. In addition, Fitell Corp saw 22.31% 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:
- -0.76 for the present operating margin
- 0.6 for the gross margin
The net margin for Fitell Corp stands at -0.84. The total capital return value is set at -0.26. Equity return is now at value -120.73, with -90.78 for asset returns.
Currently, EBITDA for the company is -7.98 million with net debt to EBITDA at 0.1. When we switch over and look at the enterprise to sales, we see a ratio of 67.44. The receivables turnover for the company is 0.79for trailing twelve months and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.22.
Conclusion
To sum up, Fitell Corp (FTEL) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
