The stock of Uni Fuels Holdings Ltd (NASDAQ: UFG) has decreased by -8.33 when compared to last closing price of 4.80.Despite this, the company has seen a loss of -2.44% in its stock price over the last five trading days. globenewswire.com reported 2025-02-04 that SINGAPORE, Feb. 04, 2025 (GLOBE NEWSWIRE) — Uni-Fuels Holdings Limited (NASDAQ: UFG) (“Uni-Fuels” or the “Company”), a global provider of marine fuel solutions for shipping companies headquartered in Singapore, announced today that on February 4, 2025, the underwriter of its previously announced initial public offering (the “Offering”) has exercised its over-allotment option (the “Over-Allotment Option”) in full and purchased an additional 315,000 Class A Ordinary Shares of the Company at the public offering price of $4.00 per share, resulting in additional gross proceeds of $1.26 million. After giving effect to the full exercise of the Over-Allotment Option, the total number of Class A Ordinary Shares sold by the Company in the Offering increased to 2,415,000 Class A Ordinary Shares and the gross proceeds increased to $9.66 million, before deducting underwriting discounts and commissions.
Is It Worth Investing in Uni Fuels Holdings Ltd (NASDAQ: UFG) Right Now?
On February 05, 2025, UFG’s average trading volume was 329.00K shares.
UFG’s Market Performance
The simple moving average for the past 20 days is -1.97% for UFG’s stock, with a -1.97% simple moving average for the past 200 days.
UFG Trading at -1.97% from the 50-Day Moving Average
After a stumble in the market that brought UFG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.73% of loss for the given period.
During the last 5 trading sessions, UFG fell by -2.44%, in comparison to the 20-day moving average. In addition, Uni Fuels Holdings Ltd saw 10.00% in overturn over a single year, with a tendency to cut further gains.
Conclusion
To wrap up, the performance of Uni Fuels Holdings Ltd (UFG) has been mixed in recent times. The stock has received a mixed of “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.
