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FXCM Inc. (NYSE:FXCM) tumbling on tremendous volume and volatility
January 25 12:13
2015
FXCM Inc. (NYSE:FXCM) (TREND ANALYSIS) shares were losing more than 23% on Friday , in a very volatile session. The stock closed last trading session at $2.37, with a volume of 104,897,944 shares against an average volume for the last 3 months of 7,492,580.
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FXCM Inc. (NYSE:FXCM) is currently trading 85.16% above its 52-week-low. The 1-year range for the stock is $1.28 – $17.97. FXCM Inc. (FXCM) has a price to earnings ratio of 29.52 versus S&P 500 average of 17.29. The stock price has under-performed the S&P 500 by 86%. FXCM is currently valued at $0.11 billion and closed the last trading session at $2.37. The stock has a 50-day moving average of $14.69 and a 200-day moving average of $14.99.
FXCM Inc. (FXCM) current short interest stands at 6.41 millions shares. It has decreased by 10% from the same period of last month. Around 15% of the company’s shares, which are float, are short sold. With a 10-days average volume (tremendous!) of 62.82 millions shares, the number of days required to cover the short positions stand at 0.2 day.
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There are currently nine analysts that cover FXCM. Of those nine, five have a Hold rating and four have a Sell rating. On a consensus basis this yields to a Underweight rating. The consensus target price stands at $6.33.
In term of ownership, company insiders have sold 1.3% of their stock over the last six months while institutions have decreased their positions by 0.95%. As a whole, institutions own 98% of the total outstanding shares.
Company profile
FXCM Inc. is an online provider of foreign exchange trading and related services to approximately 183,679 active retail customers across the World. The Company offers its customers access to over-the-counter foreign exchange markets through its technology platform. It offers customers an agency model to execute their trades. The Company operates its business through two segments: retail trading and institutional trading. The Company’s institutional trading segment, FXCM Pro, offers foreign exchange trading services to banks, hedge funds and other institutional customers on an agency model basis. The Company also earns other forms of revenue from: referring broker fees and white label arrangements with other financial institutions to provide platform, back office and trade execution services, trading in contract-for-differences, trading in equities and equity options, payments for order flow, FX market prices and other various ancillary FX related services and joint ventures.