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Mercurity Fintech Holding Inc. (MFH): The stock medium term indicators show it’s time to Buy

How have the shares performed?

Mercurity Fintech Holding Inc. (MFH) saw an uptrend of 7.75% in the recent trading with $5.98 being its most recent. The current price level -54.49% lower than the highest price of $13.14 marked by the stock while trading over the past 52-weeks, whereas it is 298.67% higher than the lowest price of $1.50 the company dropped to over past 52-weeks. The latest news story on MFH appeared in PR Newswire under the title “Mercurity Fintech Holding Inc. Announces Appointment of Mr. Hao Liu as Co-Chief Executive Officer” on Apr-30-21.


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Squeezing the time span to 30 day period shows us the stock is currently trading -13.96% below one month high and is +13.04% above of the lowest during that time. Looking into the simple moving average, Mercurity Fintech Holding Inc. (MFH)’s stock stands at a SMA-50 of $6.43 while that of 5-day is reading $5.89.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and MFH’s SMA-200 as of now is $4.29.

Mercurity Fintech Holding Inc. Earnings – What Happened With MFH

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $41.2 million.

MFH – Mercurity Fintech Holding Inc. Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 8.23 million. MFH does have institutional investors; and they hold 0.80% of the stock.

Mercurity Fintech Holding Inc. – Insider Activity and Holdings

As on Mar 30, 2021, HRT Financial LLC was the top most holder in Mercurity Fintech Holding Inc. (NASDAQ:MFH) with an ownership of 29645.0 shares of the company or 0.31% of the stake worth $0.2 million. The filing also reveals Paloma Partners Management Co as the second largest holder in the company with a control over 0.16% of the outstanding shares. Its stake is worth $0.1 million for having 15072.0 shares in hand.

Citadel Advisors LLC also came holding a key position in the company during the recent quarter and it now holds 0.10% of the outstanding shares. With this there are now 9 institutions which have possession in MFH’s shares.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Mercurity Fintech Holding Inc. was 2.55 while posting a debt to equity ratio of 0.00.

Technical Analysis of Mercurity Fintech Holding Inc. (NASDAQ:MFH) stock

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To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Mercurity Fintech Holding Inc. (MFH), we notice that the stock’s 20-day average volume is at 272,875 shares and 25% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 50% are spotting the stock at Buy with its 50-day average volume of 603,270 shares. And to end, MFH’s 100-day average volume is 696,711 shares with 100% of the long-term indicators pointing towards Buy for the stock.

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