The stock of Fang Holdings Ltd (NYSE:SFUN) hit a new 52-week low and has $3.14 target or 5.00% below today’s $3.31 share price. The 9 months bearish chart indicates high risk for the $1.55 billion company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $3.14 price target is reached, the company will be worth $77.50 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 0.60% or $0.02 on November 2, hitting $3.31. About 2.09 million shares traded hands. Fang Holdings Ltd (NYSE:SFUN) has declined 44.41% since March 31, 2016 and is downtrending. It has underperformed by 46.93% the S&P500.
Fang Holdings Ltd (NYSE:SFUN) Ratings Coverage
Out of 10 analysts covering SouFun Holdings (NYSE:SFUN), 6 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 60% are positive. SouFun Holdings has been the topic of 15 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was upgraded by Morgan Stanley to “Overweight” on Monday, March 21. On Tuesday, June 7 the stock rating was initiated by Brean Capital with “Hold”. The stock has “Sell” rating given by CLSA on Friday, August 26. The stock of Fang Holdings Ltd (NYSE:SFUN) has “Outperform” rating given on Monday, October 19 by CSLA. The firm earned “Buy” rating on Thursday, September 3 by Credit Agricole. The firm has “Buy” rating given on Monday, August 10 by CLSA. The stock has “Buy” rating given by TH Capital on Tuesday, August 4. The stock of Fang Holdings Ltd (NYSE:SFUN) earned “Outperform” rating by Credit Agricole on Monday, October 19. As per Wednesday, August 31, the company rating was reinitiated by JP Morgan. Goldman Sachs downgraded Fang Holdings Ltd (NYSE:SFUN) rating on Monday, November 30. Goldman Sachs has “Neutral” rating and $7.70 price target.
According to Zacks Investment Research, “Fang Holdings Limited operates as a real estate Internet portal primarily in China. It provides marketing, e-commerce, listing and other value-added services for real estate and home furnishing and improvement sectors. Fang Holdings Limited, formerly known as SouFun Holdings Limited, is based in Beijing, China.”
Another recent and important Fang Holdings Ltd (NYSE:SFUN) news was published by Streetinsider.com which published an article titled: “Form 6-K Fang Holdings Ltd For: Sep 23” on September 23, 2016.
SFUN Company Profile
Fang Holdings Limited, formerly SouFun Holdings Limited, incorporated on June 17, 2004, operates as a real estate Internet portal in China. The Company’s Websites and mobile applications support active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors in China. The Company, through its Internet platform, is engaged in the development of transaction and financing platforms by offering direct sales services for new homes, online real estate brokerage services and financial services. The Company’s service offerings include marketing services, E-commerce services, listing services, Financial services and other value-added services.
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