FANH Stock Summary and Trading Ideas (Fanhua - American Depositary Shares Each Representing 20 | NASDAQ:FANH)

Fanhua Inc is an independent insurance intermediary company operating in China. The company sells insurance product offerings from various insurance companies through their online platforms Lan Zhanggui, Baowang, and eHuzhu. The company's segments include the insurance agency segment, which mainly consists of providing agency services for distributing life insurance products and P&C insurance products on behalf of insurance companies; and the claims adjusting segment, which consists of providing pre-underwriting survey services, claim adjusting services, disposal of residual value services, loading and unloading supervision services, and consulting services. The insurance agency segment contributes to the majority of the revenue. The company generates all of its revenues from China.

Fanhua - American Depositary Shares Each Representing 20 trades on the NASDAQ stock market under the symbol FANH.

As of April 19, 2024, FANH stock price climbed to $3.50 with 5,881 million shares trading.

FANH has a beta of 0.80, meaning it tends to be less sensitive to market movements. FANH has a correlation of 0.02 to the broad based SPY ETF.

FANH has a market cap of $198.58 million. This is considered a Micro Cap stock.

In the last 3 years, FANH stock traded as high as $16.00 and as low as $3.38.

The top ETF exchange traded funds that FANH belongs to (by Net Assets): SPEM, EWX, AVEM, GXC, GMF.

FANH has underperformed the market in the last year with a price return of -60.6% while the SPY ETF gained +21.2%. FANH has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -44.7% and -20.6%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

FANH support price is $3.18 and resistance is $3.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FANH stock will trade within this expected range on the day.