With 13.50M Outstanding Shares, Can FBS Global Ltd (NASDAQ: FBGL) Deliver Big Short-Term Gains?

FBS Global Ltd (NASDAQ:FBGL) currently has a daily average trading volume of 1.09M but it saw 211328 shares traded in last market. With a market cap of 7.55M USD, the company’s current market price of $0.56 came rising about 10.96 while comparing to the previous closing price of $0.50. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.45 and as low as $0.44. In the recent trading on the day, stock has struck highest price mark of $0.5001 while lowest mark touched by it was $0.6.

Taking a look at 20-day trading activity of FBS Global Ltd (FBGL) gives us an average price of $0.8682, while its current price level is -89.74% below from 52-week high level whereas it is 26.41% 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 25.55% during that period while stretching the period over a month that decreases to 24.26%. 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 28.79 which implies that the stock is in oversold territory.

Over the week, FBGL’s stock price is moving -29.24% down while it is -38.30% when we observe its performance for the past one month. Year-to-date it is -83.80% down and over the past year.

The company is expected to be releasing its next quarterly report in May, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, FBS Global Ltd’s total number of outstanding shares is 13.50M. Company’s return on investment (ROI) stands at -0.10% and return on equity (ROE) at 11.70%. It has a price to earnings ratio (P/E ratio) of 15.11. Stock has a price to book (P/B) ratio of 1.64 while price to sale or P/S ratio amounts to 0.48. Its return on asset (ROA) is 3.30% on average.