The stock of Foresight 3 VCT plc (LON:FTD) hit a new 52-week high and has GBX 49.96 target or 3.00% above today’s GBX 48.50 share price. The 8 months bullish chart indicates low risk for the GBX 24.94 million company. The 1-year high was reported on Nov, 22 by Barchart.com. If the GBX 49.96 price target is reached, the company will be worth GBX 748,200 more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 1.02% or GBX 0.5 on November 22, hitting GBX 48.5. Foresight 3 VCT plc (LON:FTD) has declined 16.53% since April 25, 2016 and is downtrending. It has underperformed by 21.09% the S&P500.
Foresight 3 VCT PLC is a Venture Capital Trust . The company has a market cap of 24.94 million GBP. The Firm is engaged in making investments in unquoted or Alternative Investment Market (AIM) listed companies in the United Kingdom. It currently has negative earnings. The investment objective of the Company is to provide private investors with attractive returns from a portfolio of investments in unquoted companies in the United Kingdom.