MFH Stock Summary and Trading Ideas (Mercurity Fintech Holding - American | NASDAQ:MFH)

Mercurity Fintech Holding Inc is a digital fintech company powered by blockchain technology. The company's scope of business includes digital asset trading, asset digitization, cross-border remittance, and other services, providing compliant, professional, and efficient digital financial services to its customers. The group is also engaged in Bitcoin mining, digital currency investment, and trading, continuing its expansion to online and traditional brokerage services and other related fields.

Mercurity Fintech Holding - American trades on the NASDAQ stock market under the symbol MFH.

As of December 12, 2024, MFH stock price climbed to $6.48 with 38,037 million shares trading.

MFH has a beta of -0.19, meaning it tends to be less sensitive to market movements. MFH has a correlation of 0.00 to the broad based SPY ETF.

MFH has a market cap of $394.11 million. This is considered a Small Cap stock.

In the last 3 years, MFH traded as high as $8.07 and as low as $.00.

The top ETF exchange traded funds that MFH belongs to (by Net Assets): IWC.

MFH has outperformed the market in the last year with a price return of +290.4% while the SPY ETF gained +31.7%. MFH has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +436.6% and +6.2%, respectively, while the SPY returned +8.4% and +0.9%, respectively.

MFH support price is $5.26 and resistance is $7.30 (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 MFH shares will trade within this expected range on the day.