TF International launched its Fangdd Network Group Ltd. [NASDAQ:DUO] rating to the equivalent of Buy and assigned the price target of $18.91, in a research note dated December 30, 2020. That figure represents around a 160.11% premium from where the company’s shares closed on Tuesday.
Is Fangdd Network Group Ltd. [NASDAQ:DUO] a Good Buy Right Now?
It should be noted that DUO technical indicators for short, intermediate as well as long term progress have placed an overall average of 64% as Sell. The average signal changed from 8% Sell in the last week and compares with 40% Sell in the past month. Data from Fangdd Network Group Ltd.’s Trend Spotter indicated that the signals were Rising. The stock current average is 0.68 million shares in the past 20 days and the short term average signal indicates a Hold. In the last 50 days, the average trading volume was 0.29 million shares while the medium term average advocated for 100% Sell. The average long-term signal stands at 100% Sell and the 100-day average volume stands at 0.17 million shares.
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DUO Price Performance
On Wall Street, Fangdd Network Group Ltd. [NASDAQ:DUO] finished Tuesday’s session up 0.55% at $7.27. The stock went up to $7.39 at the same session while its lowest single day price was $7.10. In the last five days, it saw a fall of about -9.35%, Fangdd Network Group Ltd. shares dropped by almost -53.16% since the beginning of the year. However, the share price has dropped to as low as -94.37% below its one year high. On 06/09/20, the company shares recorded $129.04, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 03/16/20, the same year at $5.66. The company’s shares have declined by -43.42% in the past year. The 50-day SMA achieved is $7.38 while the 200-day SMA is $8.95.
DUO Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 7.12 level, and in case of violation of this particular level, it will cause more drop to 6.96 level. On the upper level, 7.54 is still the key resistance. The stock may increase to the subsequent resistance at 7.41. The Relative Strength Index (RSI) pinned on the 14-day chart is 43.72, implying a neutral technical stance while the MACD stands at -0.55, meaning price will decrease in the next trading period. Percent R indicator moved to 92.33%, implying bearish price movement. Stochastic %K at 5.89% suggest selling the stock.
What is the short interest in Fangdd Network Group Ltd.?
Short interest in the Fangdd Network Group Ltd. stock has plunged, decreasing by 57330.0 shares to total 61970.0 shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 4640.0, data from Yahoo Finance shows. The increase of 92.51% suggests the stock saw some increased bearish sentiment.
DUO Earnings Forecast For The Current Quarter
Fangdd Network Group Ltd. [DUO] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $249.05M and an earnings per share of $0.67 for Dec 2020. Looking further ahead, the company is expected to report revenue of $139.09M at an EPS of -$0.05 for Mar 2021. The estimates represent upside of 49.80% and 102.90% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
DUO Earnings Estimates For The Current Year
For the financial year, Fangdd Network Group Ltd. [NASDAQ:DUO] is expected to bring in revenue of $673.76M. The returns are nearly $152.72 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at -0.34, lower than that of FY19 by -$1.12. Estimates put this year’s earnings growth at -143.60%, 261.80% for the next. As for sales, forecasts are for an increase of 29.30% in the current fiscal year and a further 49.80% over the following year.