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What Are You Thinking About Investing In Future FinTech Group Inc. (NASDAQ: FTFT) Stock?

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Future FinTech Group Inc. (NASDAQ:FTFT) traded at $0.47 at last check on Wednesday, July 20, made an upward move of 8.50% on its previous day’s price.

Looking at the stock we see that its previous close was $0.44 and the beta (5Y monthly) reads 1.13 with the day’s price range being $0.415 – $0.4475. In terms of its 52-week price range, FTFT has a high of $3.61 and a low of $0.36. The company’s stock has gained about 8.85% over that past 30 days.

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Future FinTech Group Inc. has a market cap of $30.66 million and is expected to release its quarterly earnings report on Apr 13, 2022 – Apr 18, 2022.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the FTFT stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Future FinTech Group Inc. (FTFT) stock as a Hold, while 0 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 12.81% off its SMA20 and 4.24% from its 50-day simple moving average. The RSI (14) is pointing at 57.11 while the volatility over the past week is 7.75% and jumps to 9.76% over the past one month. The beta value is 1.29, while the average true range (ATR) is currently pointing at 0.04. The average price target for the stock over the next 12 months is $14.30, with the estimates having a low of $14.30 and a high of $14.30. These price ends are -2942.55% and -2942.55% off the today’s price level respectively, although investors could be excited at the prospect of a -2942.55% if the FTFT share price touches on the median price of $14.30.

Let’s briefly compare Future FinTech Group Inc. (FTFT) stock to its peers. We find that today’s price change of 8.50% and -81.84% over the past 12 months for FTFT competes that of The Alkaline Water Company Inc. (WTER), which has seen its stock price rise 3.23% in the latest trading session and is -72.13% over the last one year. Another of its peers PepsiCo Inc. (PEP) has dropped -0.80% today, and was 9.15% up over the past year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.39% and -0.05%, respectively, in early deals.

Coming back to Future FinTech Group Inc. (NASDAQ:FTFT), we note that the average 3-month trading volume was 498.76K, while that of the preceding 10-day period stands at 0.28 million. Current shares outstanding are 70.07 million.

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The insiders hold 39.51% of the company’s shares while institutions hold 4.50%. The data shows that short shares as of Apr 28, 2022, stood at 4.16 million at a short ratio of 13.84. This represents a 5.94% short interest in shares outstanding on Apr 28, 2022. Shares short fall in April from the previous month at 5.26 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -67.09% down in year-to-date price movement.