Market cap of Future FinTech Group Inc. [FTFT] reaches 263.49M – now what?

Future FinTech Group Inc. [NASDAQ: FTFT] gained 19.76% or 0.67 points to close at $4.06 with a heavy trading volume of 4587694 shares. The company report on April 21, 2021 that Future FinTech Signs Term Sheet to Purchase a Money Payment Service Company.

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Future FinTech Group Inc. (NASDAQ: FTFT) (“hereinafter referred to as “Future FinTech”, “FTFT” or “the Company”), a leading blockchain-based e-commerce business and a fintech service provider, announced that on April 13, 2021, the Company signed a preliminary term sheet (the “Term Sheet”) to acquire 100% of the equity of Khyber Money Exchange Ltd. (“Khyber Exchange”) from its shareholder (the “Seller”). The Term Sheet represents terms for a proposed transaction subject to definitive documentation and is non-binding except for its ‘Exclusive Period’ and ‘Confidentiality’; and ‘Governing Law’ sections.

Khyber Exchange is a money transfer company with a platform for transferring money worldwide through one of its agent locations or via its online portal, mobile platform or over the phone. Khyber Exchange is headquartered in the UK and has offices in Germany and Italy.

It opened the trading session at $3.60, the shares rose to $4.07 and dropped to $3.52, the range by which the price of stock traded the whole day. The daily chart for FTFT points out that the company has recorded 73.88% gains over the past six months. However, it is still -351.11% lower than its most recent low trading price.

If we look at the average trading volume of 7.38M shares, FTFT reached to a volume of 4587694 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]:

The Average True Range (ATR) for Future FinTech Group Inc. is set at 0.61, with the Price to Sales ratio for FTFT stock in the period of the last 12 months amounting to 658.73. The Price to Book ratio for the last quarter was 19.33, with the Price to Cash per share for the same quarter was set at 0.15.

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 17.34. With this latest performance, FTFT shares dropped by -21.77% in over the last four-week period, additionally plugging by 73.88% over the last 6 months – not to mention a rise of 241.18% 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 42.15, with the RSI for the last a single of trading hit 44.93, and the three-weeks RSI is set at 43.17 for Future FinTech Group Inc. [FTFT]. The present Moving Average for the last 50 days of trading for this stock 5.67, while it was recorded at 3.50 for the last single week of trading, and 3.56 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 -3577.05 and a Gross Margin at +53.97. Future FinTech Group Inc.’s Net Margin is presently recorded at -8099.12.

When it comes to the capital structure of this company, Future FinTech Group Inc. [FTFT] has a Total Debt to Total Equity ratio set at 31.00. Additionally, FTFT Total Debt to Total Capital is recorded at 23.66, with Total Debt to Total Assets ending up at 17.08. Long-Term Debt to Equity for the company is recorded at 11.19, with the Long-Term Debt to Total Capital now at 8.54.

Reflecting on the efficiency of the workforce at the company, Future FinTech Group Inc. [FTFT] managed to generate an average of -$968,385 per employee. Receivables Turnover for the company is 0.14 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 Current Ratio set at 3.00.

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 $9 million, or 3.20% of FTFT stock, in the hands of institutional investors. The top three institutional holders of FTFT stocks are: ANSON FUNDS MANAGEMENT LP with ownership of 971,534, which is approximately New of the company’s market cap and around 59.62% of the total institutional ownership; HUDSON BAY CAPITAL MANAGEMENT LP, holding 918,030 shares of the stock with an approximate value of $3.11 million in FTFT stocks shares; and MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., currently with $0.31 million in FTFT stock with ownership of nearly New 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 May and at the time of the May reporting period, where 12 institutional holders increased their position in Future FinTech Group Inc. [NASDAQ:FTFT] by around 2,151,767 shares. Additionally, 4 investors decreased positions by around 167,979 shares, while 1 investors held positions by with 134,714 shares. The mentioned changes placed institutional holdings at 2,185,032 shares, according to the latest SEC report filing. FTFT stock had 12 new institutional investments in for a total of 2,151,767 shares, while 3 institutional investors sold positions of 167,161 shares during the same period.

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