Prepare Yourself for Liftoff: Missfresh Limited (MF)

Missfresh Limited (NASDAQ: MF) stock fell -7.21% on Friday to $0.17 against a previous-day closing price of $0.18. With 26.16 million shares changed hands, the volume of the stock remained heavier than its average volume of 17.25 million shares. During the session, the Grocery Stores company that operates in wider Consumer Defensive sector, reached to the highest price of $0.1795 whereas the lowest price it dropped to was $0.1600. The 52-week range on MF shows that it touched its highest point at $5.50 and its lowest point at $0.09 during that stretch. It currently has a 1-year price target of $7.90.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MF was up-trending over the past week, with a rise of 71.20%, but this was down by -58.60% over a month. Three-month performance dropped to -42.80% while six-month performance fell -94.41%. The stock lost -96.53% in the past year, while it has lost -96.58% so far this year. A look at the trailing 12-month EPS for MF yields -4.46 with Next year EPS estimates of -1.51.

Float and Shares Shorts:

At present, 235.45 million MF shares are outstanding with a float of 28.52 million shares on hand for trading. On Jul 14, 2022, short shares totaled 4.59 million, which was 1.95% higher than short shares on Jun 14, 2022. In addition to Mr. Zheng Xu as the firm’s Founder, Chairman & CEO, Mr. Jun Wang serves as its CO-CFO, Head of Retail Cloud Bus. & Director.

Institutional Ownership:

Through their ownership of 3.24% of MF’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 2.96% of MF, in contrast to 1.60% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in MF with 2.99% of the stake, Davis Selected Advisers LP holds 6,172,251 shares worth 6,172,251. A second-largest stockholder of MF, Glade Brook Capital Partners LLC, holds 2,723,120 shares, controlling over 1.32% of the firm’s shares. Goldman Sachs Asset Management LP is the third largest shareholder in MF, holding 220,668 shares or 0.11% stake. With a 1.69% stake in MF, the Davis Global Fund is the largest stakeholder. A total of 3,495,389 shares are owned by the mutual fund manager. The Davis International Fund, which owns about 0.52% of MF stock, is the second-largest Mutual Fund holder. It holds 1,067,439 shares valued at 0.27 million. Davis Series – Opportunity Fund holds 0.40% of the stake in MF, owning 829,023 shares worth 0.21 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MF since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MF analysts setting a high price target of $26.66 and a low target of $26.66, the average target price over the next 12 months is $26.66. Based on these targets, MF could surge 15582.35% to reach the target high and rise by 15582.35% to reach the target low. Reaching the average price target will result in a growth of 15582.35% from current levels.

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