Fangdd Network Group Ltd (NASDAQ: DUO) Stock: A Game-Changer?

In the last trading session, 2.75 million shares of the Fangdd Network Group Ltd (NASDAQ:DUO) were traded, and its beta was 1.67.DUO currently trades at a discount to its 52-week high of $4.67, offering almost -295.76% off that amount. The share price’s 52-week low was $0.32, which indicates that the current value has risen by an impressive 72.88% since then. We note from Fangdd Network Group Ltd’s average daily trading volume that its 10-day average is 9.38 million shares, with the 3-month average coming to 15.79 million.

Fangdd Network Group Ltd stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended DUO as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Fangdd Network Group Ltd is expected to report earnings per share of 0 for the current quarter.

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Fangdd Network Group Ltd (NASDAQ:DUO) trade information

Instantly DUO has showed a green trend with a performance of 9.26% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.3500 on recent trading dayincreased the stock’s daily price by 12.59%. The company’s shares are currently up 75.33% year-to-date, but still down -3.28% over the last five days. On the other hand, Fangdd Network Group Ltd (NASDAQ:DUO) is -6.35% down in the 30-day period. We can see from the shorts that 5.56 million shares have been sold at a short interest cover period of 0.03 day(s).

Fangdd Network Group Ltd (DUO) estimates and forecasts

The year-over-year growth rate is expected to be -56.50%, down from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 26.15M in revenue for the current quarter. 1 analysts expect Fangdd Network Group Ltd to make 18.91M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at -79.90%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 43.37%.

DUO Dividends

Fangdd Network Group Ltd’s next quarterly earnings report is expected to be released in November.