FLJ Group Limited (NASDAQ: FLJ) stock fell -9.36% on Monday to $0.31 against a previous-day closing price of $0.34. With 0.22 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.8 million shares. During the session, the Real Estate Services company that operates in wider Real Estate sector, reached to the highest price of $0.3420 whereas the lowest price it dropped to was $0.3020. The 52-week range on FLJ shows that it touched its highest point at $4.06 and its lowest point at $0.15 during that stretch. Beta for the stock currently stands at -0.79.
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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 FLJ was up-trending over the past week, with a rise of 16.15%, but this was up by 65.07% over a month. Three-month performance dropped to -5.75% while six-month performance fell -71.30%. The stock lost -89.90% in the past year, while it has lost -87.40% so far this year.
Float and Shares Shorts:
At present, 189.19 million FLJ shares are outstanding with a float of 172.07 million shares on hand for trading. On Aug 30, 2023, short shares totaled 71010.0, which was 0.04% higher than short shares on Jul 30, 2023. In addition to Mr. Chengcai Qu as the firm’s Chairman, CEO, COO & VP, Mr. Zhichen Sun serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 0.96% of FLJ’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 0.59% of FLJ, in contrast to 0.03% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in FLJ with 0.47% of the stake, Morgan Stanley Investment Managem holds 800,000 shares worth 800,000. A second-largest stockholder of FLJ, Millennium Management LLC, holds 143,513 shares, controlling over 0.08% of the firm’s shares. Virtu Financial BD LLC is the third largest shareholder in FLJ, holding 25,642 shares or 0.02% stake. With a 0.03% stake in FLJ, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 51,249 shares are owned by the mutual fund manager.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FLJ since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FLJ analysts setting a high price target of $374.13 and a low target of $374.13, the average target price over the next 12 months is $374.13. Based on these targets, FLJ could surge 120587.1% to reach the target high and rise by 120587.1% to reach the target low. Reaching the average price target will result in a growth of 120587.1% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
