Fangdd Network Group Ltd (DUO) Down Over 15%

Thursday, June 11, 2020 9:52 AM | Nick Dey

Fangdd Network Group Ltd (DUO) stock is trading down over 15% trading at around $13.30 just moments after the opening bell. DUO’s start to trading Thursday directly contradicts after hours trading which saw the stock up as much as 48.5%. DUO stock IPO’d last week at $9.51 per share and reached as high as $129.04 followed by massive spikes over the following days that saw DUO fall back to around $13.

Despite having already fallen massive amounts since their high of $129, DUO stock may still have a bit more to fall before the stock’s price is in line with the company’s underlying value. DUO has a price-to-book ratio of 2.73 which suggests the stock may still be overvalued and that investors should proceed with caution regarding the stock.

Fangdd Network Group Ltd - ADR (DUO) stock is lower by -4.46% since Friday, November 1, 2019 when Fangdd Network Group Ltd - ADR began trading. , and the average rating from Wall Street analysts is a Sell. InvestorsObserver’s proprietary scoring system, gives DUO stock a score of 0 out of a possible 100.

That score is influenced by a short-term technical score of 0. DUO’s score also includes a long-term technical score of 0. The fundamental score for DUO is 0. In addition to the average rating from Wall Street analysts, DUO stock has a mean target price of 14.37. This means analysts expect the stock to increase 15.70% over the next 12 months.

What’s Happening with DUO Stock Today

Fangdd Network Group Ltd - ADR (DUO) stock is down -21.49% while the S&P 500 is lower by -2.79% as of 9:39 AM on Thursday, Jun 11. DUO is lower by -$3.40 from the previous closing price of $15.82 on volume of 97,353 shares. Over the past year the S&P 500 has risen 1.12% while DUO is lower by -4.46%. DUO lost -$2.55 per share in the over the last 12 months.

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