Why Fangdd Network Group Ltd (DUO) Stock Could See Much Higher Prices Ahead

Fangdd Network Group Ltd (NASDAQ: DUO) is -14.00% lower on its value in year-to-date trading and has touched a low of $0.32 and a high of $4.67 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DUO stock was last observed hovering at around $0.54 in the last trading session, with the day’s gains setting it 0.04%.

Currently trading at $0.58, the stock is -28.21% and -52.99% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.96 million and changing 7.15% at the moment leaves the stock -17.82% off its SMA200. DUO registered -33.47% loss for a year compared to 6-month gain of -21.78%. The firm has a 50-day simple moving average (SMA 50) of $1.23148 and a 200-day simple moving average (SMA200) of $0.704375.

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The stock witnessed a -47.86% loss in the last 1 month and extending the period to 3 months gives it a 44.63%, and is 1.42% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.97% over the week and 14.23% over the month.

Profit margin for the company is -30.81%. Distance from 52-week low is 80.88% and -87.61% from its 52-week high. The company has generated returns on investments over the last 12 months (-39.33%).