Volume / pace has slowed down, 2.12 bottom support with volume and two nice reversal candles while hovering in complete oversold territory with RSI 28 - 38, now 30.
Fundamentals render current price ridiculous cheap, i.e.
- $2.12 P/S 0.29
- $3.63 P/S 0.50
- $7.25 P/S 1.00
- $23/sh equity
- OS 5.17M
- Float below 2.8M, probably even below 2M, company insider hold 2.34M or 45.2% of OS
2Q17 ER probably will be similar to 2Q16, i.e. a seasonal revenue bump followed or even precluded by receiving the license for the new exchange business.
A similar run-up from the lows has been charted in 2016 around this time, i.e. post 1Q16 into 2Q16 ER.
The remaining share registration of last offering has even been canceled as described in the blog entry and company is ready for a turnaround removing seasonal fluctuations.
Recent FTFT News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/03/2024 08:15:11 PM
- Moore Law PLLC Encourages Investors in Future FinTech Group, Inc. to Contact Law Firm • PR Newswire (US) • 08/20/2024 11:37:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/19/2024 08:30:54 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2024 08:20:19 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/14/2024 08:15:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/09/2024 01:00:10 PM
- Future FinTech Announces the Appointment of Hu Li as the New CEO • PR Newswire (US) • 08/09/2024 01:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 08:15:40 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 08:30:26 PM
- Future FinTech Enters into New Bitcoin Mining Hosting Agreement for its Cryptocurrency Farm in Norwalk, Ohio • PR Newswire (US) • 04/30/2024 12:00:00 PM
- Future FinTech Enters into Bitcoin Mining Hosting Agreement for its Cryptocurrency Farm in Norwalk, Ohio • PR Newswire (US) • 03/26/2024 01:07:00 PM
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 02/22/2024 09:45:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/14/2024 09:30:34 PM
- Shanchun Huang Responds to SEC Allegations • PR Newswire (US) • 01/17/2024 04:24:00 PM
- Future FinTech Responds to Inquiry of CEO • PR Newswire (US) • 01/16/2024 02:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/08/2024 09:45:08 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/04/2024 09:45:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/02/2024 09:30:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/29/2023 10:00:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/26/2023 09:30:11 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 12/19/2023 09:30:58 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/08/2023 09:30:32 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/05/2023 09:30:10 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:15:39 PM
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