FLJ Group Ltd ADR (NASDAQ: FLJ) stock fell -2.29% on Friday to $0.11 against a previous-day closing price of $0.11. With 0.57 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.42 million shares. During the session, the Real Estate Services company that operates in wider Real Estate sector, reached to the highest price of $0.1090 whereas the lowest price it dropped to was $0.0987. The 52-week range on FLJ shows that it touched its highest point at $4.06 and its lowest point at $0.10 during that stretch. Beta for the stock currently stands at -0.98.
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 down-trending over the past week, with a drop of -23.93%, but this was down by -51.37% over a month. Three-month performance dropped to -43.95% while six-month performance fell -74.34%. The stock lost -91.68% in the past year, while it has lost -95.67% so far this year.
Float and Shares Shorts:
At present, 172.53 million FLJ shares are outstanding with a float of 172.06 million shares on hand for trading. On Sep 28, 2023, short shares totaled 0.13 million, which was 0.07% higher than short shares on Aug 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.
Through their ownership of 0.96% of FLJ’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 0.58% of FLJ, in contrast to 0.03% held by mutual funds. 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 71,127 shares, controlling over 0.04% of the firm’s shares. Geode Capital Management LLC is the third largest shareholder in FLJ, holding 51,249 shares or 0.03% 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.
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 340018.18% to reach the target high and rise by 340018.18% to reach the target low. Reaching the average price target will result in a growth of 340018.18% from current levels.