Future FinTech Group Inc. [FTFT] is 430.99% higher this YTD. Is it still time to buy?

Future FinTech Group Inc. [NASDAQ: FTFT] loss -20.33% or -0.61 points to close at $2.39 with a heavy trading volume of 1472938 shares. The company report on November 18, 2020 that Future FinTech Appointed Yang Liu as Chief Operation Officer.

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Future FinTech Group Inc. (NASDAQ: FTFT) (hereinafter referred to as “Future Fintech”, “FTFT” or “Company” ) a leading blockchain e-commerce company and a service provider for financial technology, announced it has appointed Mr. Yang Liu as Chief Operation Officer of the Company. Mr. Liu will be fully responsible for the company’s operation management, helping the company on its international M&A, investment and financing activities, and implement the company’s strategic transformation.

Mr. Yang Liu is a seasoned executive with 15 years of experience in an array of industries including technology, finance and investment banking. Mr. Liu served as the Chairman of the board and the Chief Executive Officer of Color Star Technology Co. Ltd, a Nasdaq company, from March 2019 to July 2020. Through a series of acquisitions and dispositions, he successfully transformed the company from a traditional Chinese manufacturer into a global technology company in education and entertainment. He also served as the CEO at Wave Sync Corporation, an OTC technology company from July 2017 to August 2018.

It opened the trading session at $2.654, the shares rose to $2.77 and dropped to $2.26, the range by which the price of stock traded the whole day. The daily chart for FTFT points out that the company has recorded 106.03% gains over the past six months. However, it is still -469.05% lower than its most recent low trading price.

If we look at the average trading volume of 157.75K shares, FTFT reached to a volume of 1472938 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Future FinTech Group Inc. [FTFT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FTFT shares is $4.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FTFT stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

The Average True Range (ATR) for Future FinTech Group Inc. is set at 0.29, with the Price to Sales ratio for FTFT stock in the period of the last 12 months amounting to 253.82. The Price to Book ratio for the last quarter was 3.85, with the Price to Cash per share for the same quarter was set at 0.02.

Trading performance analysis for FTFT stock

Future FinTech Group Inc. [FTFT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.90. With this latest performance, FTFT shares gained by 20.10% in over the last four-week period, additionally plugging by 106.03% over the last 6 months – not to mention a rise of 361.60% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FTFT stock in for the last two-week period is set at 54.46, with the RSI for the last a single of trading hit 54.84, and the three-weeks RSI is set at 53.91 for Future FinTech Group Inc. [FTFT]. The present Moving Average for the last 50 days of trading for this stock 2.13, while it was recorded at 2.36 for the last single week of trading, and 1.66 for the last 200 days.

Future FinTech Group Inc. [FTFT]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Future FinTech Group Inc. [FTFT] shares currently have an operating margin of -1066.32 and a Gross Margin at +38.19. Future FinTech Group Inc.’s Net Margin is presently recorded at -1415.60.

Reflecting on the efficiency of the workforce at the company, Future FinTech Group Inc. [FTFT] managed to generate an average of -$60,634 per employee. Receivables Turnover for the company is 0.08 with a Total Asset Turnover recorded at a value of 0.01.Future FinTech Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.50.

Future FinTech Group Inc. [FTFT]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Future FinTech Group Inc. posted 0.15/share EPS, while the average EPS was predicted by analysts to be reported at 0.13/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 15.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FTFT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Future FinTech Group Inc. go to 15.00%.

An analysis of insider ownership at Future FinTech Group Inc. [FTFT]

There are presently around $0 million, or 0.50% of FTFT stock, in the hands of institutional investors. The top three institutional holders of FTFT stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 75,280, which is approximately New of the company’s market cap and around 56.98% of the total institutional ownership; HRT FINANCIAL LP, holding 64,958 shares of the stock with an approximate value of $0.15 million in FTFT stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $69000.0 in FTFT stock with ownership of nearly 0% of the company’s market capitalization.

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Positions in Future FinTech Group Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 4 institutional holders increased their position in Future FinTech Group Inc. [NASDAQ:FTFT] by around 154,025 shares. Additionally, 1 investors decreased positions by around 73,209 shares, while 1 investors held positions by with 25,990 shares. The mentioned changes placed institutional holdings at 201,244 shares, according to the latest SEC report filing. FTFT stock had 2 new institutional investments in for a total of 102,203 shares, while 1 institutional investors sold positions of 73,209 shares during the same period.

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