How are energy investors positioned?
In a challenging market environment, Fathom Holdings Inc. (FTHM) stock has touched a 52-week low, sinking to $0.89, with technical indicators from InvestingPro suggesting the stock is in oversold territory. With a market capitalization of just $20.58 million and a beta of 1.96, the stock has shown significant volatility. This latest price point underscores a period of significant decline for the company, which has seen its stock value plummet over the past year. Investors have watched with concern as Fathom Holdings, a holding company primarily operating through its subsidiary, Fathom Realty, LLC, has struggled to maintain its market position. The 1-year change data paints a stark picture, with the company’s stock value eroding by -65.27%, reflecting broader market trends and internal challenges that have weighed heavily on the firm’s financial performance. InvestingPro analysis reveals concerning fundamentals, including weak gross profit margins of 9.03% and rapid cash burn, though the company maintains a healthy current ratio of 1.55. For deeper insights into FTHM’s valuation and 18 additional ProTips, consider exploring InvestingPro’s comprehensive research report.
In other recent news, Fathom Holdings Inc. has announced plans to incorporate Bitcoin into its treasury management, with approval from its Board of Directors to allocate up to 50% of its excess cash towards Bitcoin purchases. The company intends to purchase up to $500,000 in Bitcoin or Bitcoin-related funds imminently. This move is part of a broader strategy to diversify its treasury and potentially use Bitcoin for real estate transactions. Additionally, Fathom has successfully integrated My Home Group, an acquisition expected to contribute over $110 million in revenue for 2025. Despite rising mortgage rates, Fathom estimates a fourth-quarter revenue increase of 21% to 24% compared to the previous year, with a gross profit rise of 28% to 30%. The company also reported a 23% increase in agent count, reaching approximately 14,500 by the end of 2024, and a 16.5% increase in brokerage transactions for the fourth quarter. Fathom Holdings aims to achieve positive Adjusted EBITDA for the full year of 2025, leveraging its growing revenue and gross profit. Further details on the company’s Bitcoin strategy will be disclosed in a forthcoming report to the U.S. Securities and Exchange Commission.
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