Future FinTech Group Inc. (FTFT, Financial) experienced a significant stock price drop of 5.70%. The stock is currently priced at $0.278 per share, with a trading volume of 193,038 shares and a turnover rate of 0.93%. The stock's amplitude reached 8.58%.
Recent earnings reports show that FTFT generated a revenue of $5.18 million but suffered a net loss of $4.88 million, resulting in an earnings per share of -$0.24. The company recorded a gross profit of $1.39 million, with a price-to-earnings ratio of -0.12. Currently, no institutional ratings are available for FTFT, indicating no recommendations to buy, hold, or sell the stock.
In the software services industry, where FTFT operates, the overall decline was 1.07%. Within this sector, stocks such as Datchat Inc., Brand Engagement Network Inc., and Intrusion Inc. showed notable activity. Datchat Inc. had a high turnover rate of 525.02%, while Intrusion Inc. and Palladyne Ai Corp. had turnover rates of 66.48% and 27.93%, respectively. Stocks with significant amplitude included Datchat Inc., Intrusion Inc., and Gorilla Technology Group Inc.
Future FinTech Group is engaged in fintech operations, offering supply chain financing and trading services in China, asset management in Hong Kong, and cross-border remittance services in the UK. The company also ventures into brokerage and investment banking in Hong Kong and cryptocurrency mining in the US. Its primary revenue comes from supply chain financing and asset management services.
