Market cap of FaZe Holdings Inc. [FAZE] reaches 1.54B – now what?

FaZe Holdings Inc. [NASDAQ: FAZE] surged by $5.98 during the normal trading session on Tuesday and reaching a high of $20.56 during the day while it closed the day at $20.08. The company report on August 9, 2022 that FaZe Clan Sets Second Quarter 2022 Business Update Webcast for Monday, August 15, 2022, at 2:00 p.m. PT.

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FaZe Holdings Inc. (Nasdaq: FAZE) (“FaZe Clan”), the lifestyle and media platform rooted in gaming and youth culture, today announced that it will hold a webcast and conference call on Monday, August 15, 2022, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to review its business strategy and financial results for the second quarter ended June 30, 2022.

Event: FaZe Holdings Inc. Second Quarter Business UpdateDate: Monday, August 15, 2022Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)Webcast: Free Dial-In: 1 (888) 440-6928Toll Dial-In: 1 (646) 960-0328Dial-In Conference ID: 1341513.

FaZe Holdings Inc. stock has also gained 49.40% of its value over the past 7 days. However, FAZE stock has inclined by 103.86% in the 3 months of the year. Over the past six months meanwhile, it has gained 103.24% and gained 98.42% year-on date.

The market cap for FAZE stock reached $1.54 billion, with 22.08 million shares outstanding and 3.40 million shares in the current float. Compared to the average trading volume of 566.77K shares, FAZE reached a trading volume of 12349718 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about FaZe Holdings Inc. [FAZE]:

The Average True Range (ATR) for FaZe Holdings Inc. is set at 2.01, with the Price to Sales ratio for FAZE stock in the period of the last 12 months amounting to 26.15. The Price to Book ratio for the last quarter was 2.70, with the Price to Cash per share for the same quarter was set at 0.00.

FAZE stock trade performance evaluation

FaZe Holdings Inc. [FAZE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 49.40. With this latest performance, FAZE shares gained by 101.00% in over the last four-week period, additionally plugging by 103.24% over the last 6 months – not to mention a rise of 107.58% 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 FAZE stock in for the last two-week period is set at 74.40, with the RSI for the last a single of trading hit 77.92, and the three-weeks RSI is set at 72.43 for FaZe Holdings Inc. [FAZE]. The present Moving Average for the last 50 days of trading for this stock 10.81, while it was recorded at 14.75 for the last single week of trading, and 10.24 for the last 200 days.

FaZe Holdings Inc. [FAZE]: An insightful look at the core fundamentals

Return on Equity for this stock declined to -8.49, with Return on Assets sitting at -7.93.

FaZe Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.20 and a Current Ratio set at 0.20.

FaZe Holdings Inc. [FAZE]: Insider Ownership positions

There are presently around $208 million, or 14.60% of FAZE stock, in the hands of institutional investors. The top three institutional holders of FAZE stocks are: CENTIVA CAPITAL, LP with ownership of 900,940, which is approximately New of the company’s market cap and around 2.50% of the total institutional ownership; MILLENNIUM MANAGEMENT LLC, holding 803,863 shares of the stock with an approximate value of $16.14 million in FAZE stocks shares; and COWEN AND COMPANY, LLC, currently with $13.0 million in FAZE stock with ownership of nearly -30.448% of the company’s market capitalization.

31 institutional holders increased their position in FaZe Holdings Inc. [NASDAQ:FAZE] by around 4,628,546 shares. Additionally, 35 investors decreased positions by around 3,268,675 shares, while 24 investors held positions by with 2,443,660 shares. The mentioned changes placed institutional holdings at 10,340,881 shares, according to the latest SEC report filing. FAZE stock had 19 new institutional investments in for a total of 3,399,657 shares, while 17 institutional investors sold positions of 1,516,046 shares during the same period.


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