For Fast Radius Inc. [FSRD], Analyst sees a rise to $4. What next?

Fast Radius Inc. [NASDAQ: FSRD] price plunged by -40.47 percent to reach at -$0.07. The company report on November 9, 2022 that Fast Radius Receives Court Approval of First Day Motions to Support Business Operations.

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Fast Radius to continue operating and serving customers in the normal course.

Fast Radius, Inc. (Nasdaq: FSRD) (“Fast Radius” or the “Company”) announced today that the United States Bankruptcy Court for the District of Delaware has approved all of the first-day motions related to the Company’s voluntary Chapter 11 petitions filed on November 7, 2022. The ruling enables Fast Radius to continue operations in the normal course including:.

A sum of 4783444 shares traded at recent session while its average daily volume was at 421.23K shares. Fast Radius Inc. shares reached a high of $0.1593 and dropped to a low of $0.0935 until finishing in the latest session at $0.10.

The one-year FSRD stock forecast points to a potential upside of 96.67. The average equity rating for FSRD stock is currently 2.00, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Fast Radius Inc. [FSRD]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FSRD shares is $3.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FSRD stock is a recommendation set at 2.00. 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.

Needham have made an estimate for Fast Radius Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 04, 2022.

The Average True Range (ATR) for Fast Radius Inc. is set at 0.05, with the Price to Sales ratio for FSRD stock in the period of the last 12 months amounting to 0.28. The Price to Book ratio for the last quarter was 0.54, with the Price to Cash per share for the same quarter was set at 0.54.

FSRD Stock Performance Analysis:

Fast Radius Inc. [FSRD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -66.08. With this latest performance, FSRD shares dropped by -74.27% in over the last four-week period, additionally sinking by -83.58% over the last 6 months – not to mention a drop of -98.98% 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 FSRD stock in for the last two-week period is set at 17.23, with the RSI for the last a single of trading hit 12.42, and the three-weeks RSI is set at 22.23 for Fast Radius Inc. [FSRD]. The present Moving Average for the last 50 days of trading for this stock 0.4270, while it was recorded at 0.2345 for the last single week of trading, and 1.2632 for the last 200 days.

Insight into Fast Radius Inc. Fundamentals:

Return on Equity for this stock inclined to 3.73, with Return on Assets sitting at 3.44.

Fast Radius Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.

Fast Radius Inc. [FSRD] Insider Position Details

There are presently around $2 million, or 27.70% of FSRD stock, in the hands of institutional investors. The top three institutional holders of FSRD stocks are: ECP CONTROLCO, LLC with ownership of 15,598,128, which is approximately 0% of the company’s market cap and around 16.50% of the total institutional ownership; PALANTIR TECHNOLOGIES INC., holding 2,000,000 shares of the stock with an approximate value of $0.2 million in FSRD stocks shares; and ZIMMER PARTNERS, LP, currently with $0.1 million in FSRD stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Fast Radius Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 10 institutional holders increased their position in Fast Radius Inc. [NASDAQ:FSRD] by around 386,120 shares. Additionally, 14 investors decreased positions by around 1,379,198 shares, while 14 investors held positions by with 17,822,709 shares. The mentioned changes placed institutional holdings at 19,588,027 shares, according to the latest SEC report filing. FSRD stock had 5 new institutional investments in for a total of 314,527 shares, while 11 institutional investors sold positions of 371,218 shares during the same period.


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