Focus Universal Inc (NASDAQ: FCUV) Trading above Its 20 Day MA ($0.2041), Why Showing An Interesting Price Pattern?

Focus Universal Inc (NASDAQ:FCUV) does about 5.39M shares in volume on a normal day but saw 7142392 shares change hands in the recent trading day. The company now has a market cap of 19.64M USD. Its current market price is $0.30, marking an increase of 12.61% compared to the previous close of $0.27. The 52 week high reached by this stock is $2.38 whilst the lowest price level in 52 weeks is $0.15.

Focus Universal Inc (FCUV) has a 20-day trading average at $0.2041 and the current price is -87.28% off the 52-week high compared with 101.87% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.2355 and its 200-day simple moving average is $0.6531. If we look at the stock’s price movements over the week, volatility stands at 33.68%, which decreases to 17.95% 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 74.22 to suggest the stock is overbought.

The consensus objective for the share price is $4.50, suggesting that the stock has a potential upside of 93.33% over the period.

The current price level is 52.97%, 29.17%, and -54.14% away from its SMA20, SMA50, and SMA200 respectively, with the FCUV price moving below the 50-day SMA on current market day. Focus Universal Inc (FCUV) stock is up 62.80% over the week and 47.64% over the past month. Its price is -79.26% year-to-date and -83.63% over the past year.

To reach the target analysts have set, the stock logically needs to grow 93.33 percent from here.

Outstanding shares total 64.77M with insiders holding 59.15% of the shares and institutional holders owning 4.07% of the company’s common stock. The company has a return on investment of -442.02% and return on equity of -154.92%. Price to book ratio is 16.94 and price to sales ratio is 23.38.