FCT.AX Firstwave Cloud (ASX) -28.57% intraday 29 Jan 2026: watch A$0.005 support
FCT.AX stock plunged -28.57% intraday to A$0.005 on 29 Jan 2026, making Firstwave Cloud Technology Limited one of the ASX top losers today. Trading volume surged to 6,078,029 shares, above the average daily 4,264,961, signalling heavy selling pressure. The fall leaves the share price at its year low A$0.005 and well below the 50-day average A$0.008 and 200-day average A$0.013. Investors should weigh the stock’s small market cap A$8,743,622.00 and recent fundamentals before repositioning.
Intraday price action and drivers for FCT.AX stock
FCT.AX stock fell from an open of A$0.007 to a day low of A$0.005, a -28.57% move that reflects acute selling today. Volume of 6,078,029 shares was 1.40x relative to average volume, underscoring active liquidation rather than light trading. This intraday weakness follows a long-term downtrend: the share is -75.00% over 12 months and -58.33% over three months, indicating structural pressure rather than a one-day outlier.
Financial metrics and valuation snapshot for Firstwave Cloud (FCT.AX stock)
Firstwave reports EPS -A$0.01 and a trailing PE of -0.50, highlighting continued losses. Key ratios show a low PB of 0.29 and price-to-sales 1.32, which imply the market prices some tangible book value but limited growth expectations. The company has 1,748,724,400 shares outstanding and enterprise value A$10,902,024.00, putting liquidity and capital structure into focus for any investor considering FCT.AX stock.
Sector context: Technology performance and FCT.AX stock
The technology sector on ASX is down -0.95% today, a mild drag compared with FCT.AX stock’s steeper fall. Firstwave sits in Software – Infrastructure and shows a high gross margin 86.95% but negative operating margin -33.57%, indicating cost structure pressure. Sector weakness raises short-term risk for small-cap software names and increases sensitivity to funding or contract timing for Firstwave.
Technical indicators and support levels for FCT.AX stock
Momentum indicators show RSI 43.55, which is neutral-to-weak, and ADX 17.79, signalling no clear trend strength. Price sits at the year low A$0.005 and immediate resistance is the intraday high A$0.007 and the 50-day average A$0.008. A break below A$0.005 would risk deeper downside; conversely reclaiming A$0.008 would be a short-term technical improvement for FCT.AX stock.
Meyka AI grade, analyst view and risks for FCT.AX stock
Meyka AI rates FCT.AX with a score out of 100: 68.17 / B (HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The company rating snapshot dated 28 Jan 2026 shows a broader sell recommendation from some external models and a mixed DCF and PB signal. Key risks include negative EPS, thin market cap A$8.74M, low current ratio 0.19, and reliance on contract renewals.
News flow, calendar and catalyst timeline for FCT.AX stock
Earnings are scheduled for 03 Mar 2026, an event that could drive volatility in FCT.AX stock. Recent public data has limited coverage; investors should monitor ASX announcements and trading updates. For further market context see comparative listings and dividend history on investing.com source and peer comparisons that include Firstwave in infrastructure software group source.
Final Thoughts
Key takeaways: FCT.AX stock is an intraday top loser after sliding -28.57% to A$0.005 on heavy volume, and the move leaves shares at the year low and far below moving averages. Fundamentals show EPS -A$0.01, negative margins, and low liquidity with market cap A$8,743,622.00, so downside risk is material. Meyka AI’s forecast model projects A$0.01 monthly, implying an implied upside of 100.00% versus the current price, but this projection is model-based and speculative. We flag a conservative 12-month speculative price target of A$0.02 only if cash flow, contract wins, and margins improve. These grades and forecasts are model outputs and are not guarantees; we are not financial advisors. Monitor the ASX announcements, the 03 Mar 2026 earnings date, and any sign of funding or revenue acceleration before increasing exposure to Firstwave Cloud Technology Limited (FCT.AX). For the latest trading data see the Meyka stock page for FCT.AX at https://meyka.ai/stocks/FCT.AX for real-time updates from our AI-powered market analysis platform.
FAQs
Why is FCT.AX stock falling today?
FCT.AX stock is down due to heavy intraday selling, higher-than-average volume, and persistent negative earnings. The share traded to its year low A$0.005, reflecting market concern about margins and liquidity.
What is Meyka AI’s forecast for FCT.AX stock?
Meyka AI’s forecast model projects A$0.01 monthly, implying a 100.00% upside from A$0.005. Forecasts are model-based and not guarantees; they require improving fundamentals to be realised.
What are the main risks for Firstwave Cloud (FCT.AX)?
Key risks include negative EPS, weak current ratio 0.19, small market cap A$8.74M, and sector sensitivity. Contract renewals, cash flow and funding remain primary downside catalysts.
When is the next earnings date for FCT.AX?
Firstwave lists its next earnings announcement for 03 Mar 2026. That report could drive material price moves given current market positioning and low share price.
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.
