Foxx Development Holdings Inc (NASDAQ: FOXX): Think Like A Lender, Not An Investor

Foxx Development Holdings Inc (NASDAQ:FOXX) currently has a daily average trading volume of 30.72K but it saw 4696009 shares traded in last market. With a market cap of 36.04M USD, the company’s current market price of $4.95 came rising about 54.69 while comparing to the previous closing price of $3.20. In past 52 weeks, the stock remained buoying in the range of price level as high as $14.99 and as low as $2.89. In the recent trading on the day, stock has struck highest price mark of $4.2 while lowest mark touched by it was $7.05.

Taking a look at 20-day trading activity of Foxx Development Holdings Inc (FOXX) gives us an average price of $5.90, while its current price level is -66.98% below from 52-week high level whereas it is 71.27% above from lowest level seen by the stock during that period. A closer look into the stock’s movement over the week reveals that its volatility is standing at 31.14% during that period while stretching the period over a month that decreases to 21.72%. 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 41.46 which implies that the stock is in neutral territory.

Over the week, FOXX’s stock price is moving 6.91% up while it is -32.19% when we observe its performance for the past one month. Year-to-date it is -55.24% down and over the past year, the stock is showing a downside performance of -52.95%.

Currently, Foxx Development Holdings Inc’s total number of outstanding shares is 7.27M. Company’s return on investment (ROI) stands at 18.09% and return on equity (ROE) at 1.14%. It has a price to earnings ratio (P/E ratio) of 110.49. Stock’s beta reads -0.10. Stock has a price to book (P/B) ratio of 78.71. Its return on asset (ROA) is 0.95% on average.