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Tuesday, October 3, 2023

FSD Pharma Inc. (NASDAQ:HUGE) is Waving the Bull Flag

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The FSD Pharma Inc. (HUGE) shares are trading at higher $4.26.

To add more color to this target, the company’s high over the last year is $32.07 and the low is $2.39. Over the last 52 weeks, HUGE is down -86.72% while the S&P 500 is down -0.36%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

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Company Outlook

HUGE has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 66990.0 and more growth is possible in the weeks ahead. FSD Pharma Inc. HUGE also noted assets of $37.08 million at the end of the last quarter. Investors should also keep an eye on sector updates as HUGE has historically followed its peers on positive news.

All told, FSD Pharma Inc. HUGE has strung together solid data and demonstrated underlying fundamentals. At its current valuation, HUGE represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

HUGE is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of HUGE stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in HUGE, either long or short, and we have not been compensated for this article.

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