The stock of Fang Holdings Ltd (NYSE:SFUN) hit a new 52-week low and has $3.94 target or 6.00% below today’s $4.19 share price. The 5 months bearish chart indicates high risk for the $1.96 billion company. The 1-year low was reported on Oct, 6 by Barchart.com. If the $3.94 price target is reached, the company will be worth $117.60M 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 314,997 shares traded hands. Fang Holdings Ltd (NYSE:SFUN) has declined 26.41% since March 3, 2016 and is downtrending. It has underperformed by 34.75% the S&P500.
Fang Holdings Ltd (NYSE:SFUN) Ratings Coverage
Out of 10 analysts covering SouFun Holdings (NYSE:SFUN), 6 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 60% are positive. SouFun Holdings has been the topic of 15 analyst reports since August 4, 2015 according to StockzIntelligence Inc. As per Monday, October 19, the company rating was downgraded by CSLA. TH Capital upgraded the stock to “Buy” rating in Tuesday, August 4 report. The stock of Fang Holdings Ltd (NYSE:SFUN) earned “Outperform” rating by Credit Agricole on Monday, August 10. The rating was downgraded by CLSA to “Buy” on Monday, August 10. Morgan Stanley upgraded it to “Overweight” rating and $7 target price in Monday, March 21 report. The rating was upgraded by Credit Agricole on Thursday, September 3 to “Buy”. Goldman Sachs downgraded Fang Holdings Ltd (NYSE:SFUN) on Monday, November 30 to “Neutral” rating. Credit Agricole downgraded Fang Holdings Ltd (NYSE:SFUN) on Monday, October 19 to “Outperform” rating. The rating was maintained by Nomura with “Buy” on Wednesday, August 10. As per Friday, August 26, the company rating was downgraded by CLSA.
According to Zacks Investment Research, “SouFun Holdings Limited is a real estate Internet portal and home furnishing and improvement website in China. SouFun obtains its advertisements from online real estate advertisers. It has built a large and active community of users who are attracted by the comprehensive real estate, home furnishing and improvement content available on its portal which form the foundation of the Company’s service offerings. SouFun maintains many offices in order to focus on local market needs and covers many cities providing real estate-related content, search services, marketing and listing services in China. SouFun Holdings Limited is headquartered in Beijing, China.”
More notable recent Fang Holdings Ltd (NYSE:SFUN) news were published by: Streetinsider.com which released: “Form 6-K Fang Holdings Ltd For: Sep 23” on September 23, 2016, also Marketwatch.com with their article: “Plus the latest data from Realtor.com on 21 home markets across the US” published on October 08, 2010, Quotes.Wsj.com published: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. More interesting news about Fang Holdings Ltd (NYSE:SFUN) were released by: Prnewswire.com and their article: “SouFun Holdings Limited to Report Fourth Quarter 2015 Financial Results on …” published on February 15, 2016 as well as Prnewswire.com‘s news article titled: “Fang Announces Results of 2016 Annual General Meeting” with publication date: September 09, 2016.
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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