Is Future FinTech Group Inc. (NASDAQ:FTFT) Stock Ready for a Higher Run in its Share Price? – Marketing Sentinel
Home  »  Company   »  Is Future FinTech Group Inc. (NASDAQ:FTFT) Stock R...

Is Future FinTech Group Inc. (NASDAQ:FTFT) Stock Ready for a Higher Run in its Share Price?

In the last trading session, 2,082,415 Future FinTech Group Inc. (NASDAQ:FTFT) shares changed hands as the company’s beta touched 1.91. With the company’s per share price at $3.22 changed hands at -$0.41 or -0.11% during last session, the market valuation stood at $235.42 Million. FTFT’s last price was a discount, traded about -250.62% off its 52-week high of $11.29. The share price had its 52-week low at $1.02, which suggests the last value was 68.32% up since then. When we look at Future FinTech Group Inc.’s average trading volume, we note the 10-day average is 3.73 Million shares, with the 3-month average coming to 4.76 Million.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Analysts gave the Future FinTech Group Inc. (FTFT) stock a consensus recommendation rating of Overweight, calculated at a mean rating of 0. If we narrow down to specifics, the data shows that none out of 1 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, none recommended FTFT as a Hold, none felt it is a Buy and none rated the stock as Underweight. Future FinTech Group Inc.’s EPS for the current quarter is expected to be $0.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Future FinTech Group Inc. (NASDAQ:FTFT) trade information

Although FTFT has turned red as seen at the end of in last trading. With action -11.29%, the performance over the past five days has been red. The jump to weekly highs of $3.96- on Thursday, Jun 17 added 18.69% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.71%, with the 5-day performance at -0.1% in the red. However, in the 30-day time frame, Future FinTech Group Inc. (NASDAQ:FTFT) is 0.12% up. Looking at the short shares, we see there were 3.59 Million shares sold at short interest cover period of 0.75 days.

The consensus price target for the stock as assigned by Wall Street analysts is $14.3, meaning bulls need an upside of 344.1% from its current market value. According to analyst projections, FTFT’s forecast low is $14.3 with $14.3 as the target high. To hit the forecast high, the stock’s price needs a +344.1% upsurge from its current level, while the stock would need to tank 344.1% for it to hit the projected low.

Future FinTech Group Inc. (FTFT) estimates and forecasts

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -23.7%. The 2021 estimates are for Future FinTech Group Inc. earnings to decrease by -172.4%, but the outlook for the next 5-year period is at 15% per year.

Future FinTech Group Inc. (NASDAQ:FTFT)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 53.24% of Future FinTech Group Inc. shares while 1.71% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 3.65%. There are 27 institutions holding the Future FinTech Group Inc. stock share, with Citadel Advisors LLC the top institutional holder. As of Mar 30, 2021, the company held 0.24% of the shares, roughly 173.33 Thousand FTFT shares worth $1.07 Million.

Jane Street Group, LLC holds the second largest percentage of outstanding shares, with 0.23% or 171.01 Thousand shares worth $1.06 Million as of Mar 30, 2021.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Among Mutual Funds, the top two as of May 30, 2021 were VanEck Vectors ETF Tr- Vectors Digital Transformation ETF and Invesco ETF Tr-Invesco Golden Dragon China ETF. With 79315 shares estimated at $244.29 Thousand under it, the former controlled 0.11% of total outstanding shares. On the other hand, Invesco ETF Tr-Invesco Golden Dragon China ETF held about 0.08% of the shares, roughly 58.81 Thousand shares worth around $181.14 Thousand.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Leave a Comment

Your email address will not be published. Required fields are marked *

On Key

Related Posts

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

173226

100% free. stop anytime no spam

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

173226

100% free. stop anytime no spam