Mercurity Fintech Holding Inc (NASDAQ: MFH) is 160.67% higher on its value in year-to-date trading and has touched a low of $1.03 and a high of $8.86 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MFH stock was last observed hovering at around $4.06 in the last trading session, with the day’s gains setting it 167.41%.
Currently trading at $171.47K, the stock is 1.93% and -22.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.09 million and changing 4085865% at the moment leaves the stock -18.44% off its SMA200. MFH registered -42.75% loss for a year compared to 6-month loss of -32.70%. The firm has a 50-day simple moving average (SMA 50) of $5.0426 and a 200-day simple moving average (SMA200) of $4.793675.
The stock witnessed a 9.22% gain in the last 1 month and extending the period to 3 months gives it a -34.40%, and is 10.76% 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 10.93% over the week and 12.37% over the month.
Mercurity Fintech Holding Inc (MFH) has around 11 employees, a market worth around $249.03M and $1.01M in sales. Profit margin for the company is -450.10%. Distance from 52-week low is 279.61% and -55.87% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.82%).
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Mercurity Fintech Holding Inc (MFH) Top Institutional Holders
30.0 institutions hold shares in Mercurity Fintech Holding Inc (MFH), with institutional investors hold 10.72% of the company’s shares. The shares outstanding are 4.44B, and float is at 33.65M with Short Float at 1.95%. Institutions hold 3.26% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 32819.0 shares valued at $68920.0. The investor’s holdings represent 0.0671% of the MFH Shares outstanding. As of 2024-06-30, the second largest holder is GEODE CAPITAL MANAGEMENT, LLC with 25768.0 shares valued at $54112.0 to account for 0.0527 of the shares outstanding. The other top investors are OPPENHEIMER & CO INC which holds 22500.0 shares representing 0.046% and valued at over $47250.0, while RHUMBLINE ADVISERS holds 0.034 of the shares totaling 16629.0 with a market value of $34919.0.
