DigiAsia Corp. (FAAS): The Latest Casualty Of Increased Volatility?

DigiAsia Corp. (NASDAQ:FAAS) does about 55.09K shares in volume on a normal day but saw 895444 shares change hands in the recent trading day. The company now has a market cap of 11.44M USD. Its current market price is $1.07, marking an increase of 7.00% compared to the previous close of $1.00. The 52 week high reached by this stock is $13.99 whilst the lowest price level in 52 weeks is $0.93.

DigiAsia Corp. (FAAS) has a 20-day trading average at $1.3290 and the current price is -92.35% off the 52-week high compared with 15.05% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.3790 and its 200-day simple moving average is $7.9463. If we look at the stock’s price movements over the week, volatility stands at 17.89%, which increases to 25.72% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 27.39 to suggest the stock is oversold.

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The current price level is -22.15%, -69.50%, and -86.62% away from its SMA20, SMA50, and SMA200 respectively, with the FAAS price moving above the 50-day SMA on current market day. DigiAsia Corp. (FAAS) stock is down -0.93% over the week and -62.19% over the past month. Its price is -90.45% year-to-date and -90.03% over the past year.

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Outstanding shares total 10.69M with insiders holding 56.11% of the shares and institutional holders owning 0.72% of the company’s common stock. The company has a return on investment of -0.49% and return on equity of -0.06%. The beta has a value of -0.01. Price to book ratio is 0.61.

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