FBS Global Ltd (NASDAQ: FBGL) 52-Week High Located At $5.45, Forget The Dips, Just Ride The Rips

FBS Global Ltd (NASDAQ:FBGL) does about 986.94K shares in volume on a normal day but saw 14434936 shares change hands in the recent trading day. The company now has a market cap of 15.25M USD. Its current market price is $1.13, marking a decrease of -0.88% compared to the previous close of $1.14. The 52 week high reached by this stock is $5.45 whilst the lowest price level in 52 weeks is $0.73.

FBS Global Ltd (FBGL) has a 20-day trading average at $0.9023 and the current price is -79.27% off the 52-week high compared with 54.58% distance from its 52-week low. If we look at the stock’s price movements over the week, volatility stands at 37.19%, which decreases to 21.67% 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 35.99 to suggest the stock is neutral.

The current price level is 25.23%, 4.55%, and 4.55% away from its SMA20, SMA50, and SMA200 respectively, with the FBGL price moving below the 50-day SMA on current market day. FBS Global Ltd (FBGL) stock is up 37.69% over the week and 20.21% over the past month. Its price is -67.25% year-to-date.

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

Outstanding shares total 13.50M with insiders holding 69.38% of the shares and institutional holders owning 0.00% of the company’s common stock. The company has a return on investment of -0.10% and return on equity of 11.70%. The price to earnings ratio (P/E ratio) amounts to 30.54. Price to book ratio is 3.32 and price to sales ratio is 0.98.