Should Investors Trust The Upside Potential In Femto Technologies Inc (BCAN)?

Femto Technologies Inc (NASDAQ:BCAN) currently has a daily average trading volume of 20.05K but it saw 82154 shares traded in last market. With a market cap of 3.28M USD, the company’s current market price of $5.00 came falling about -19.48 while comparing to the previous closing price of $6.21. In past 52 weeks, the stock remained buoying in the range of price level as high as $1176.04 and as low as $5.74. In the recent trading on the day, stock has struck highest price mark of $4.7755 while lowest mark touched by it was $5.77.

Taking a look at 20-day trading activity of Femto Technologies Inc (BCAN) gives us an average price of $7.76, while its current price level is -99.57% below from 52-week high level whereas it is -12.89% 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 $7.94 while that of 200 days or SMA-200 reads an average of $11.02. A closer look into the stock’s movement over the week reveals that its volatility is standing at 21.16% during that period while stretching the period over a month that decreases to 8.63%. 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 17.46 which implies that the stock is in oversold territory.

Over the week, BCAN’s stock price is moving -37.11% down while it is -37.73% when we observe its performance for the past one month. Year-to-date it is -37.11% down and over the past year, the stock is showing a downside performance of -99.55%.

Currently, Femto Technologies Inc’s total number of outstanding shares is 9.09M. Company’s return on investment (ROI) stands at -1740.89% and return on equity (ROE) at -196.09%. Stock’s beta reads 1.05. Stock has a price to book (P/B) ratio of 1.52 while price to sale or P/S ratio amounts to 4.37. Its return on asset (ROA) is -122.15% on average.