Future FinTech Group Inc. (FTFT, Financial) experienced a significant stock price increase, rising by 5.25%. The stock is currently trading at $0.329 per share, with a trading volume of 240,719 shares and a turnover rate of 1.16%. The stock's price fluctuation is at 8.80%.
Recent financial reports indicate that FTFT generated $5.18 million in revenue, but reported a net loss of $4.88 million, resulting in an earnings per share (EPS) of -$0.24. The gross profit stood at $1.39 million, with a price-to-earnings (P/E) ratio of -0.14. Currently, no institutional ratings are available for FTFT.
Within the software service industry, where FTFT operates, the overall sector saw a rise of 0.69%. Notable performers in the sector include Treasure Global Inc., Cerence Inc., and Aeye Inc C/Wts 30/09/2027 (To Pur Com), which have shown significant gains. Treasure Global Inc., Mobile Finance, and Cerence Inc. are particularly active, with turnover rates of 1008.02%, 570.02%, and 279.49%, respectively. Stocks with high price volatility in the sector include Treasure Global Inc., Cerence Inc., and Banzai International Inc C/Wts 14/12/2028 (To Pur Com), with fluctuations of 193.14%, 119.80%, and 86.27%, respectively.
Future FinTech Group Inc. is engaged in financial technology, providing supply chain financing and trade services in China, asset management in Hong Kong, and cross-border remittance services in the UK. The company is also involved in brokerage and investment banking in Hong Kong and cryptocurrency mining in the US. Its main revenue-generating segments include supply chain financing/trading and asset management services.
