The stock of MOBIVITY HLDGS COR COM USD0.001 (OTCMKTS:MFON) hit a new 52-week low and has GBX 0.58 target or 12.00% below today’s GBX 0.66 share price. The 6 months bearish chart indicates high risk for the GBX 21.82 million company. The 1-year low was reported on Nov, 15 by Barchart.com. If the GBX 0.58 price target is reached, the company will be worth GBX 2.62 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 last traded at $0.66 per share. It is down 3.13% since April 13, 2016 and is uptrending. It has underperformed by 0.80% the S&P500.
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