FFG.AX A$0.007 at ASX close 23 Feb 2026: Oversold bounce, 42.86% upside
FFG.AX stock closed at A$0.007 on the ASX on 23 Feb 2026, down 12.5% on heavy volume of 2,228,672 shares. The immediate setup reads as an oversold bounce candidate after price moved below the 50-day average of A$0.00794 and well under the 200-day average of A$0.01044. Investors should weigh the company’s venture-capital model and thin market cap of A$10,875,011 against the chance of a short-term rebound to technical resistance near A$0.01.
Price action and catalyst
FFG.AX stock fell 12.5% to A$0.007 at market close on ASX on 23 Feb 2026. Volume rose to 2,228,672, above the three-month average of 1,870,089, signalling active trading.
The drop followed no single public earnings shock but reflects thin‑cap volatility and year-to-date weakness. The immediate support is the year low at A$0.006 and resistance sits at A$0.01 then the year high A$0.022. For context, see the recent market comparison on Investing.com source.
FFG.AX stock fundamentals and valuation
Fatfish Group Limited (FFG.AX) is an incubator and VC firm listed on the ASX, based in Australia with operations in Asia. Trailing EPS is -0.01 and the quoted PE is -0.7, reflecting ongoing losses.
Key ratios show price averages at A$0.00794 (50-day) and A$0.01044 (200-day). Book value per share is A$0.00269 and cash per share is A$0.00316, underlining a tight balance sheet for a micro‑cap issuer.
Technical setup: oversold bounce opportunity
The technical picture supports the oversold bounce strategy. Price trades below both moving averages and near the year low A$0.006. The stock’s relative volume of 1.19 shows above‑average activity at the close.
Traders should watch for a clear day with higher volume above A$0.008 as confirmation. Failure to hold A$0.006 would negate a bounce thesis and raise downside risk.
Meyka AI rates FFG.AX with a score out of 100
Meyka AI rates FFG.AX with a score out of 100: 70.54 (Grade B+, Suggestion: BUY). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are model outputs and not financial advice.
Meyka AI’s forecast model projects and price targets
Meyka AI’s forecast model projects a monthly price of A$0.01. Compared with the current price of A$0.007, this implies an upside of 42.86%. Forecasts are model-based projections and not guarantees.
We set short-term targets for traders: a conservative rebound target A$0.009, base target A$0.01, and an optimistic breakout target A$0.02. Stop-loss placement below A$0.006 is prudent.
Risks, sector view and trading checklist
FFG.AX sits in the Financial Services sector and the Financial – Capital Markets industry, where average PB is 2.04 and average ROE is 12.10%. Fatfish’s PB and cash metrics diverge from these sector norms, increasing valuation risk.
Material risks include continuing net losses, thin liquidity, and concentration in crypto and early-stage tech investments. Confirm a bounce with volume and a clear close above A$0.008 before scaling positions.
Final Thoughts
FFG.AX stock closed the ASX session at A$0.007 on 23 Feb 2026, after a 12.5% decline on above-average volume. The move places the stock in an oversold position that can produce a short-term bounce if buyers re-enter above A$0.008. Meyka AI’s forecast model projects A$0.01, implying a 42.86% upside versus the current price. Our technical targets are A$0.009 (conservative), A$0.01 (base), and A$0.02 (upside). Maintain tight risk controls: a stop below A$0.006, awareness of low liquidity, and monitoring of upcoming company updates and the February earnings window. Meyka AI offers this as data-driven market analysis and not investment advice.
FAQs
What drives the recent drop in FFG.AX stock?
The drop to A$0.007 on 23 Feb 2026 reflects thin-cap volatility, trading volume above average, and sector divergence. No single confirmed earnings shock was public. Watch liquidity and company updates for catalysts.
What is Meyka AI’s price forecast for FFG.AX stock?
Meyka AI’s forecast model projects A$0.01 monthly for FFG.AX stock. Versus the current price of A$0.007, the model shows 42.86% implied upside. Forecasts are projections, not guarantees.
What are sensible targets and risk controls for an oversold bounce trade?
Use targets A$0.009, A$0.01, and A$0.02. Place a stop-loss below A$0.006. Confirm a bounce with rising volume and a daily close above A$0.008 before adding exposure.
How does Fatfish’s valuation compare to its sector?
FFG.AX shows a negative PE and low book value per share versus the Financial Services sector average PB of 2.04. That signals valuation divergence and higher risk for investors.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.