Function(x) Inc. (FNCX) started the trading day on a down note, making it one of the worst performing stocks in the technology sector of NYSE and NASDAQ listed companies shortly after the opening bell on April 21. Shares of FNCX have fallen 7.94% about 30 minutes into the session to $0.61 after closing the day prior at $0.66. It’s early, but the stock has traded as high as $0.63 and as low as $0.61 so far. Today’s quick decline has come with about 180,176 shares changing hands, compared to an average 30-day volume of 1.07 million for Function(x) Inc.. The price is currently below the 30-day volume weighted average price of $0.61 for FNCX.
The share depreciation gives the company a market capitalization of $5.82 million based upon 8.82 million shares outstanding. It also means that FNCX has a price-to-book ratio of 6.09:1.
In the past 52 weeks, shares of FNCX have traded as low as $0.35 and as high as $10.2. Technical traders will take note that at $0.61, shares of FNCX are trading below their 200-day MA at $3.42 and below their 50-day MA at $0.96. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is FNCX?
Function(x) Inc, formerly Draftday Fantasy Sports Inc is a daily fantasy sports website. It offers Fantasy Golf – GOLF, Fantasy NCAA Basketball – CBB, Daily Fantasy College Football – CFB, Daily Fantasy Soccer – MLS, and Daily Fantasy Sports. The company’s 32 employees are led by CEO from the corporate headquarters at 902 Broadway in New York, NY.
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