Faze stock price saw a 12% surge this week following social media growth metrics hitting record highs. Analysts note correlation between audience engagement and merch sales, potentially driving future earnings. Nyrada actually shrunk its revenue over the last year, with a reduction of 26%. So we would not have expected the share price to rise 178%. This is a good example of how buyers can push up prices even before the fundamental metrics show much growth. Of course, it could be that the market expected this revenue drop. Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients. Faze stock price traded flat at $0.72 despite Nasdaq gaming sector index gaining 2.4%, suggesting company-specific factors tempering investor optimism. Earnings call next week is expected to be a key driver for short-term price action.
