Future FinTech Group Inc. [FTFT] moved down -16.18: Why It’s Important

Future FinTech Group Inc. [NASDAQ: FTFT] price plunged by -16.18 percent to reach at -$0.56. The company report on May 3, 2021 that Future Fintech Attends Blockchain and Digital Industry Development Conference.

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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 28, 2021, Mr. Lei Peng, General Manager of Future Supply Chain Co., Ltd., a wholly-owned subsidiary of Future FinTech, attended the ‘2021 Chengdu Blockchain + Digital Cultural Creative Industry Development Conference’ held in the Pidu District of Chengdu, China.

At the conference, Mr. Peng provided a commitment to the Chengdu municipal government on the Company’s behalf to establish two wholly-owned subsidiaries in Chengdu city: Future Big Data (Chengdu) Co., Ltd., an enterprise to focus on blockchain big data and the development of a high-speed computing center, and Future Supply Chain (Chengdu) Co., Ltd., an entity to further advance the supply chain financial technology sector.

A sum of 3654181 shares traded at recent session while its average daily volume was at 7.07M shares. Future FinTech Group Inc. shares reached a high of $3.43 and dropped to a low of $2.81 until finishing in the latest session at $2.90.

Guru’s Opinion on Future FinTech Group Inc. [FTFT]:

The Average True Range (ATR) for Future FinTech Group Inc. is set at 0.48, with the Price to Sales ratio for FTFT stock in the period of the last 12 months amounting to 466.47. The Price to Book ratio for the last quarter was 13.81, with the Price to Cash per share for the same quarter was set at 0.15.

FTFT Stock Performance Analysis:

Future FinTech Group Inc. [FTFT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -21.62. With this latest performance, FTFT shares dropped by -44.34% in over the last four-week period, additionally plugging by 43.56% over the last 6 months – not to mention a rise of 133.87% 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 29.80, with the RSI for the last a single of trading hit 23.52, and the three-weeks RSI is set at 35.00 for Future FinTech Group Inc. [FTFT]. The present Moving Average for the last 50 days of trading for this stock 4.89, while it was recorded at 3.37 for the last single week of trading, and 3.61 for the last 200 days.

Insight into Future FinTech Group Inc. Fundamentals:

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.


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%.

Future FinTech Group Inc. [FTFT] Insider Position Details

There are presently around $8 million, or 3.50% 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 $3.18 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 14 institutional holders increased their position in Future FinTech Group Inc. [NASDAQ:FTFT] by around 2,177,432 shares. Additionally, 4 investors decreased positions by around 167,979 shares, while 1 investors held positions by with 133,466 shares. The mentioned changes placed institutional holdings at 2,211,945 shares, according to the latest SEC report filing. FTFT stock had 13 new institutional investments in for a total of 2,177,230 shares, while 3 institutional investors sold positions of 167,161 shares during the same period.

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