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1 Comment
Mercurity Fintech Holding Inc is currently in a long term downtrend where the price is trading 10.3% below its 200 day moving average.
From a valuation standpoint, the stock is 111.8% more expensive than other stocks from the Financial Services sector with a price to sales ratio of 19.2.
Mercurity Fintech Holding Inc's total revenue sank by 92.9% to $41K since the same quarter in the previous year.
Its net income has dropped by 259.3% to $-631K since the same quarter in the previous year.
Based on the above factors, Mercurity Fintech Holding Inc gets an overall score of 0/5.
Sector | Technology |
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Industry | Financial Technology (Fintech) & Infrastructure |
ISIN | US58936H1095 |
CurrencyCode | USD |
Exchange | NASDAQ |
Market Cap | 59M |
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Dividend Yield | 0.0% |
Target Price | None |
PE Ratio | None |
Beta | 2.48 |
Mercurity Fintech Holding Inc. operates as a fintech company powered by blockchain. It focuses on digital asset trading, asset digitization, cross-border remittance, and other services, as well as bitcoin mining, digital currency investment and trading, and other related fields. It provides digital asset trading infrastructure solutions based on internet and blockchain technologies for cryptocurrency traders, blockchain-based virtual communities, and liquidity providers.; an asset digitalization platform, which provides blockchain-based digitalization solutions for traditional assets, such as fiat currencies, bonds, and precious metals. The company also offers a decentralized finance platform that solves retail traders' problems; cross-border payments services; and supplemental services for its platforms, such as customized software development, maintenance, and compliance support services. In addition, it provides blockchain technology services, which includes designing and developing digital asset transaction platforms, digital asset quantitative investment software, and other innovative and derivative services based on blockchain technologies; and cryptocurrency mining services that provides computing power to the mining pool. The company was formerly known as JMU Limited and changed its name to Mercurity Fintech Holding Inc. in April 2020. Mercurity Fintech Holding Inc. was incorporated in 2011 and is based in Shenzhen, the People's Republic of China.
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