The 36-month beta value for FTEL is also noteworthy at 7.92.
The public float for FTEL is 13.68M, and at present, short sellers hold a 2.55% of that float. The average trading volume of FTEL on January 15, 2025 was 235.89K shares.
FTEL) stock’s latest price update
The stock price of Fitell Corp (NASDAQ: FTEL) has dropped by -19.66 compared to previous close of 9.87. Despite this, the company has seen a fall of -11.40% 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’s Market Performance
Fitell Corp (FTEL) has seen a -11.40% fall in stock performance for the week, with a -75.85% decline in the past month and a -53.02% plunge in the past quarter. The volatility ratio for the week is 22.37%, and the volatility levels for the past 30 days are at 66.32% for FTEL. The simple moving average for the past 20 days is -34.99% for FTEL’s stock, with a -56.90% simple moving average for the past 200 days.
FTEL Trading at -65.05% 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 -83.98% of loss for the given period.
Volatility was left at 66.32%, however, over the last 30 days, the volatility rate increased by 22.37%, as shares sank -72.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -76.68% lower at present.
During the last 5 trading sessions, FTEL fell by -11.40%, which changed the moving average for the period of 200-days by +15.77% in comparison to the 20-day moving average, which settled at $12.20. In addition, Fitell Corp saw -9.27% in overturn over a single year, with a tendency to cut further losses.
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.
Based on Fitell Corp (FTEL), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -12.25. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -36.33.
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 50.0. 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
In summary, Fitell Corp (FTEL) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
