FBS Global Ltd (FBGL) Down -87.21% From Its 52-Week High, But Growth Potential Is Changing Over Time

FBS Global Ltd (NASDAQ:FBGL) currently has a daily average trading volume of 1.07M but it saw 1170803 shares traded in last market. With a market cap of 9.41M USD, the company’s current market price of $0.70 came falling about -5.36 while comparing to the previous closing price of $0.74. 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 $0.615 while lowest mark touched by it was $0.724.

Taking a look at 20-day trading activity of FBS Global Ltd (FBGL) gives us an average price of $0.7904, while its current price level is -87.21% below from 52-week high level whereas it is 57.60% 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 $0.8945. A closer look into the stock’s movement over the week reveals that its volatility is standing at 20.24% during that period while stretching the period over a month that decreases to 20.10%. 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 38.65 which implies that the stock is in neutral territory.

Over the week, FBGL’s stock price is moving 38.33% up while it is -38.33% when we observe its performance for the past one month. Year-to-date it is -79.80% 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 with 69.38% of that held by the insiders while 0.00% of its common stock has been owned by the institutions. 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 18.84. Stock has a price to book (P/B) ratio of 2.05 while price to sale or P/S ratio amounts to 0.60. Its return on asset (ROA) is 3.30% on average.