Future Fintech Group Inc (FTFT) stock is lower by 3.77% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.
Future Fintech Group Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on FTFT!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With FTFT Stock Today?
Future Fintech Group Inc (FTFT) stock is trading at $0.51 as of 4:00 PM on Tuesday, May 17, a rise of $0.03, or 5.39% from the previous closing price of $0.48. The stock has traded between $0.49 and $0.52 so far today. Volume today is below average. So far 120,457 shares have traded compared to average volume of 275,525 shares.
To see InvestorsObserver's Sentiment Score for Future Fintech Group Inc click here.
More About Future Fintech Group Inc
Future FinTech Group Inc is engaged in the financial technology business. The company engages in the operation of a blockchain-based online shared shopping mall platform and also operates an incubator for application projects using blockchain technology. Future FinTech and its subsidiaries are developing blockchain technology for a variety of B2B and B2C real-life applications.
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