mF International Ltd (MFI) Reports -91.17% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

mF International Ltd (NASDAQ:MFI) does about 201.45K shares in volume on a normal day but saw 78862536 shares change hands in the recent trading day. The company now has a market cap of 16.96M USD. Its current market price is $1.28, marking an increase of 75.87% compared to the previous close of $0.73. The 52 week high reached by this stock is $14.49 whilst the lowest price level in 52 weeks is $0.51.

mF International Ltd (MFI) has a 20-day trading average at $0.7476 and the current price is -91.17% off the 52-week high compared with 152.84% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.7819. If we look at the stock’s price movements over the week, volatility stands at 26.09%, which decreases to 14.04% 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 81.61 to suggest the stock is overbought.

FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy.

The current price level is 71.21%, 63.70%, and 16.54% away from its SMA20, SMA50, and SMA200 respectively, with the MFI price moving below the 50-day SMA on current market day. mF International Ltd (MFI) stock is up 91.10% over the week and 77.80% over the past month. Its price is 90.62% year-to-date.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Outstanding shares total 13.25M with insiders holding 215.16% of the shares and institutional holders owning 1.63% of the company’s common stock. Price to book ratio is 2.62.