The stock of Foresight 4 VCT plc (LON:FTF) hit a new 52-week high and has GBX 61.56 target or 8.00% above today’s GBX 57.00 share price. The 5 months bullish chart indicates low risk for the GBX 33.90M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the GBX 61.56 price target is reached, the company will be worth GBX 2.71M 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 closed at GBX 57 during the last session. It is down 17.87% since April 27, 2016 and is downtrending. It has underperformed by 23.28% the S&P500.
Foresight 4 VCT plc is a venture capital trust. The company has a market cap of 33.90 million GBP. The Firm is an investment company, which invests in unquoted or alternative investment market -listed companies in the United Kingdom. It currently has negative earnings. The Company’s investment objective is to provide private investors with attractive returns from a portfolio of investments in fast-growing unquoted companies in the United Kingdom.
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