Is FOXO Technologies Inc [FOXO] a good investment? Don’t be fooled by its recent momentum

The price of FOXO Technologies Inc (AMEX:FOXO) shares last traded on Wall Street fell -2.81% to $0.51.

FOXO stock price is now 61.16% away from the 50-day moving average and 84.01% away from the 200-day moving average. The market capitalization of the company currently stands at $8.69M.

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In other news, Kr8 ai Inc., 10% Owner sold 1,300,000 shares of the company’s stock on Jul 22 ’24. The stock was sold for $325,000 at an average price of $0.25. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 22 ’24, Interim CEO WHITE MARK BRIAN sold 1,300,000 shares of the business’s stock. A total of $325,000 was realized by selling the stock at an average price of $0.25. A total of 15.44% of the company’s stock is owned by insiders.

During the past 12 months, FOXO Technologies Inc has had a low of $0.13 and a high of $1.30. The fifty day moving average price for FOXO is $0.31072 and a two-hundred day moving average price translates $0.277355 for the stock.

The latest earnings results from FOXO Technologies Inc (AMEX: FOXO) was released for 2024-06-30. The net profit margin was -890.81% and return on equity was -1754.50% for FOXO. The company reported revenue of $1.2 million for the quarter, compared to $10000.0 a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11860.0 percent.

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