DigiAsia Corp. (NASDAQ: FAAS) Recovers 3.86% From 52-Week Low, Is FAAS Still A High-Risk, High-Reward Play?

DigiAsia Corp. (NASDAQ:FAAS) currently has a daily average trading volume of 14.52K but it saw 1002957 shares traded in last market. With a market cap of 20.10M USD, the company’s current market price of $1.88 came falling about -5.05 while comparing to the previous closing price of $1.98. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.99 and as low as $1.81.

Taking a look at 20-day trading activity of DigiAsia Corp. (FAAS) gives us an average price of $3.4308, while its current price level is -86.56% below from 52-week high level whereas it is 3.86% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $5.9171 while that of 200 days or SMA-200 reads an average of $8.8668. A closer look into the stock’s movement over the week reveals that its volatility is standing at 45.25% during that period while stretching the period over a month that decreases to 22.61%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 17.26 which implies that the stock is in oversold territory.

Over the week, FAAS’s stock price is moving -36.05% down while it is -64.66% when we observe its performance for the past one month. Year-to-date it is -83.21% down and over the past year, the stock is showing a downside performance of -82.10%.

Currently, DigiAsia Corp.’s total number of outstanding shares is 10.69M. Company’s return on investment (ROI) stands at -0.49% and return on equity (ROE) at -0.06%. Stock’s beta reads 0.14. Stock has a price to book (P/B) ratio of 1.07. Its return on asset (ROA) is -0.05% on average.