FaZe Holdings Inc [NASDAQ: FAZE] stock went on a downward path that fall over -4.32% on Thursday, amounting to a one-week price decrease of less than -8.42%. The company report on February 6, 2024 at 7:00 AM that FaZe Clan Officially Launches “FaZe Fridays” Franchise; First Season Garners 82 Million Viewer Minutes.
Weekly series starring the internet’s favorite gamers, creators, and streamers set to continue throughout 2024, awarding a total of over $1 million in cash prizes.
Successful first season unlocks expected multimillion-dollar revenue franchise for FaZe Clan.
Over the last 12 months, FAZE stock dropped by -83.73%.
The market cap for the stock reached $13.72 million, with 71.55 million shares outstanding and 58.22 million shares in the current float. Compared to the average trading volume of 5.92M shares, FAZE stock reached a trading volume of 3299467 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on FaZe Holdings Inc [FAZE]:
The Average True Range (ATR) for FaZe Holdings Inc is set at 0.04, with the Price to Sales ratio for FAZE stock in the period of the last 12 months amounting to 0.24. The Price to Book ratio for the last quarter was 0.62, with the Price to Cash per share for the same quarter was set at 0.21.
FAZE Stock Performance Analysis:
FaZe Holdings Inc [FAZE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.42. With this latest performance, FAZE shares dropped by -4.06% in over the last four-week period, additionally sinking by -50.76% over the last 6 months – not to mention a drop of -83.73% 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 45.51, with the RSI for the last a single of trading hit 42.68, and the three-weeks RSI is set at 46.87 for FaZe Holdings Inc [FAZE]. The present Moving Average for the last 50 days of trading for this stock 0.1935, while it was recorded at 0.1829 for the last single week of trading, and 0.3027 for the last 200 days.
Insight into FaZe Holdings Inc Fundamentals:
FaZe Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.92 and a Current Ratio set at 1.92.
FaZe Holdings Inc [FAZE] Institutonal Ownership Details
The top three institutional holders of FAZE stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in FAZE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in FAZE stock with ownership which is approximately 5.8325%.
