Focus Universal Inc (NASDAQ: FCUV) Is Down -76.62% Year-To-Date, But Analysts Find Room For A Price Rally

Focus Universal Inc (NASDAQ:FCUV) traded at $0.34 at close of the session on Tuesday, April 09, made a downward move of -2.35% on its previous day’s price.

Looking at the stock we see that its previous close was $0.35 and the beta (5Y monthly) reads -0.32 . In terms of its 52-week price range, FCUV has a high of $2.38 and a low of $0.30. The company’s stock has lost about -12.44% over that past 30 days.

Focus Universal Inc has a market cap of $22.11 million and is expected to release its quarterly earnings report on May 14, 2024 – May 20, 2024.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the FCUV stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Looking further, we note the current price level is -26.88% off its SMA20 and -45.72% from its 50-day simple moving average. The RSI (14) is pointing at 33.56 while the volatility over the past week is 21.70% and jumps to 18.79% over the past one month.

Coming back to Focus Universal Inc (NASDAQ:FCUV), we note that the average 3-month trading volume was 120.84K, while that of the preceding 10-day period stands at 0.28 million. Current shares outstanding are 64.77 million.

The insiders hold 57.47% of the company’s shares while institutions hold 4.42%. The data shows that short shares as of Mar 15, 2024, stood at 0.19 million at a short ratio of 1.03. This represents a 0.29% short interest in shares outstanding on Mar 15, 2024. Shares short fall in March from the previous month at 0.32 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -76.62% down in year-to-date price movement.

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