Breaking The Old 52 Week Low, FANG HOLDINGS ADR WI (NYSE:SFUN) Closing Trading At $0.92

SFUN
SFUN

FANG HOLDINGS ADR WI (NYSE:SFUN)

June 13th, 2019

Amidst rising markets FANG HOLDINGS ADR WI fell ($0.17) Thursday, down 15.60%, closing at $0.92. As well as the drop in value, FANG HOLDINGS ADR WI hit a new 52 week low of $0.90. FANG HOLDINGS ADR WI bounced 22.22% between high and low. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 0.73.

SFUN was outperformed by the rest of the Consumer Discretionary sector which went up 0.90%.

Analysis results from 2 analysts points to the possibility that FANG HOLDINGS ADR WI might go up significantly (63.18%), while Finbox has calculated (with very high uncertainty) a fair value price of $1.30.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending up. Energy saw the biggest increase of the day (1.25%), while the Healthcare sector saw the biggest drop (-0.11%). Information Technology has seen the biggest year-to-date gain of 23.06%.

Utilities saw the biggest turn-around compared to its 5-day performance (-0.31%), as it went up by 0.15%. Healthcare saw a turn-around from its 5-day performance of 2.18% trading down -0.11%.

Sector Breakdown

  • Energy, up 1.25%.
  • Communication Services, up 1.14%.
  • Consumer Discretionary, up 0.90%.
  • Materials, up 0.58%.
  • Industrials, up 0.54%.
  • Financials, up 0.23%.
  • Information Technology, up 0.22%.
  • Utilities, up 0.15%.
  • Consumer Staples, up 0.11%.
  • Real Estate, up 0.09%.
  • Healthcare, down -0.11%.

FANG HOLDINGS ADR WI Info

Fang Holdings Limited operates a real estate Internet portal in the People’s Republic of China. The company’s portal offers marketing, listing, financial, e-commerce, and other value-added services. It supports active online communities and networks of users seeking information on and other value-added services for the real estate, and home furnishing and improvement sectors. The company was formerly known as SouFun Holdings Limited and changed its name to Fang Holdings Limited in September 2016 Fang Holdings Limited was founded in 1999 and is headquartered in Beijing, China.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that FANG HOLDINGS ADR WI’s score is 0.73) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

SFUN daily update
SFUN daily update

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