The stock of Fang Holdings Ltd (NYSE:SFUN) hit a new 52-week low and has $2.74 target or 6.00% below today’s $2.91 share price. The 5 months bearish chart indicates high risk for the $1.38 billion company. The 1-year low was reported on Dec, 1 by Barchart.com. If the $2.74 price target is reached, the company will be worth $82.80M 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. About 2.51 million shares traded hands. Fang Holdings Ltd (NYSE:SFUN) has declined 49.31% since April 28, 2016 and is downtrending. It has underperformed by 55.23% the S&P500.
Fang Holdings Ltd (NYSE:SFUN) Ratings Coverage
Out of 10 analysts covering SouFun Holdings (NYSE:SFUN), 5 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 50% are positive. SouFun Holdings has been the topic of 16 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was maintained by Nomura on Wednesday, August 10 with “Buy”. Credit Agricole downgraded Fang Holdings Ltd (NYSE:SFUN) on Monday, October 19 to “Outperform” rating. Nomura downgraded the stock to “Reduce” rating in Tuesday, November 29 report. CLSA downgraded the stock to “Buy” rating in Monday, August 10 report. The company was upgraded on Tuesday, August 4 by TH Capital. The stock has “Buy” rating given by Credit Agricole on Thursday, September 3. Credit Agricole downgraded the shares of SFUN in a report on Monday, August 10 to “Outperform” rating. The company was downgraded on Friday, August 26 by CLSA. The rating was downgraded by Goldman Sachs on Monday, November 30 to “Neutral”. Morgan Stanley upgraded Fang Holdings Ltd (NYSE:SFUN) rating on Monday, March 21. Morgan Stanley has “Overweight” rating and $7 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.”
More recent Fang Holdings Ltd (NYSE:SFUN) news were published by: Foxbusiness.com which released: “Why Fang Holdings Ltd. Stock Plunged Today” on November 28, 2016. Also Streetinsider.com published the news titled: “Form 6-K Fang Holdings Ltd For: Nov 30” on November 30, 2016. Schaeffersresearch.com‘s news article titled: “Analyst Downgrades: Arrowhead Pharmaceuticals Inc, Freeport-McMoRan Inc, and …” with publication date: November 30, 2016 was also an interesting one.
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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