FOXO Technologies Inc. [FOXO] moved up 14.48: Why It’s Important

FOXO Technologies Inc. [AMEX: FOXO] surged by $0.02 during the normal trading session on Wednesday and reaching a high of $0.26 during the day while it closed the day at $0.16. The company report on September 6, 2023 at 8:30 AM that FOXO Technologies Announces Agreement With Atrio Insurance.

FOXO Technologies Inc.™ (NYSEAM: FOXO), a technology platform company whose products and services seek to address long-standing, core problems within the life insurance industry through epigenetic longevity science, today announced that its insurance distribution subsidiary, FOXO LIFE™, has engaged Atrio Insurance/Singular Insurance Brokerage, an insurance brokerage general agency offering products and specialty programs throughout the United States, to sell Life Insurance Designed to Keep You Alive™.

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This partnership will enable FOXO to expand its distribution footprint through Atrio/Singular’s rapidly growing sales network of over 2,500 agents across 48 states. In selling life insurance complete with a FOXO Longevity Report™, Atrio/Singular will add to its robust product portfolio, enhancing its ability to deliver comprehensive insurance solutions to clients.

FOXO Technologies Inc. stock has also gained 24.02% of its value over the past 7 days. However, FOXO stock has declined by -47.40% in the 3 months of the year. Over the past six months meanwhile, it has lost -70.69% and lost -56.81% year-on date.

The market cap for FOXO stock reached $9.24 million, with 53.81 million shares outstanding and 31.29 million shares in the current float. Compared to the average trading volume of 4.55M shares, FOXO reached a trading volume of 79378190 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 FOXO Technologies Inc. [FOXO]:

The Average True Range (ATR) for FOXO Technologies Inc. is set at 0.03, with the Price to Sales ratio for FOXO stock in the period of the last 12 months amounting to 18.48.

FOXO stock trade performance evaluation

FOXO Technologies Inc. [FOXO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 24.02. With this latest performance, FOXO shares dropped by -5.38% in over the last four-week period, additionally sinking by -70.69% over the last 6 months – not to mention a drop of -98.43% 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 FOXO stock in for the last two-week period is set at 54.39, with the RSI for the last a single of trading hit 64.54, and the three-weeks RSI is set at 48.63 for FOXO Technologies Inc. [FOXO]. The present Moving Average for the last 50 days of trading for this stock 0.1769, while it was recorded at 0.1457 for the last single week of trading, and 0.4045 for the last 200 days.

FOXO Technologies Inc. [FOXO]: An insightful look at the core fundamentals

Return on Total Capital for FOXO is now -40.26, given the latest momentum, and Return on Invested Capital for the company is -96.15. Return on Equity for this stock declined to -96.99, with Return on Assets sitting at -87.00. When it comes to the capital structure of this company, FOXO Technologies Inc. [FOXO] has a Total Debt to Total Equity ratio set at 46.79. Additionally, FOXO Total Debt to Total Capital is recorded at 31.88, with Total Debt to Total Assets ending up at 18.65. Long-Term Debt to Equity for the company is recorded at 25.79, with the Long-Term Debt to Total Capital now at 17.57.

Reflecting on the efficiency of the workforce at the company, FOXO Technologies Inc. [FOXO] managed to generate an average of -$3,284,655 per employee.FOXO Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.20 and a Current Ratio set at 0.30.

FOXO Technologies Inc. [FOXO]: Institutional Ownership

The top three institutional holders of FOXO stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in FOXO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in FOXO stock with ownership which is approximately 5.7381%.

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