DigiAsia Corp (NASDAQ: FAAS) is -94.84% lower on its value in year-to-date trading and has touched a low of $0.38 and a high of $13.99 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 FAAS stock was last observed hovering at around $0.56 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $0.60, the stock is 5.60% and -26.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.21 million and changing 9.01% at the moment leaves the stock -84.48% off its SMA200. FAAS registered -94.82% loss for a year compared to 6-month loss of -91.96%. The firm has a 50-day simple moving average (SMA 50) of $0.84464 and a 200-day simple moving average (SMA200) of $3.930235.
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The stock witnessed a 9.22% gain in the last 1 month and extending the period to 3 months gives it a -74.41%, and is 10.19% 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 48.10% over the week and 24.37% over the month.
DigiAsia Corp (FAAS) has around 2 employees, a market worth around $7.05M and $0.00M in sales. Distance from 52-week low is 61.33% and -95.68% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.49%).
The shares outstanding are 10.69M, and float is at 3.22M with Short Float at 18.33%.
DigiAsia Corp (FAAS) Insider Activity
The most recent transaction is an insider purchase by Marepally Bhargava, the company’s Chief Executive Officer. SEC filings show that Marepally Bhargava bought 110 shares of the company’s common stock on Mar 12 ’24 at a price of $900.00 per share for a total of $99000.0. Following the purchase, the insider now owns 110.0 shares.
DigiAsia Corp disclosed in a document filed with the SEC on Mar 12 ’24 that Antony Prabhu (President and CFO) bought a total of 230 shares of the company’s common stock. The trade occurred on Mar 12 ’24 and was made at $1725.00 per share for $0.4 million. Following the transaction, the insider now directly holds 230.0 shares of the FAAS stock.
