Sino-Global Shipping America Ltd. (NASDAQ:SINO) price on Thursday, August 26, fall -6.61% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.00.
A look at the stock’s price movement, the level at last check in today’s session was $3.21, moving within a range at $2.84 and $3.32. The beta value (5-Year monthly) was 0.69. Turning to its 52-week performance, $12.28 and $1.37 were the 52-week high and 52-week low respectively. Overall, SINO moved 23.94% over the past month.
Sino-Global Shipping America Ltd.’s market cap currently stands at around $47.51 million, with investors looking forward to this quarter’s earnings report slated for Oct 13, 2020.
Analysts have a consensus estimate of $1.88 million for the company’s revenue for the quarter, with a low and high estimate of $11.3 million and $11.3 million respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $36.23 million, representing a 454.30% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that SINO is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend SINO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SINO’s current price about 6.27% and 0.64% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.51, while 7-day volatility ratio is 11.04% and 8.74% in the 30-day chart. Further, Sino-Global Shipping America Ltd. (SINO) has a beta value of 0.56, and an average true range (ATR) of 0.28. Analysts have given the company’s stock an average 52-week price target of $8.75, forecast between a low of $8.75 and high of $8.75. Looking at the price targets, the low is -191.67% off recent price level in today’s trading while to achieve the yearly target high, it has to move -191.67%. Nonetheless, investors will most likely welcome a -191.67% jump to $8.75 which is the analysts’ median price.
In the market, a comparison of Sino-Global Shipping America Ltd. (SINO) and its peers suggest the former has performed considerably weaker. Data shows SINO’s intraday price has changed -6.61% today and 93.39% over the past year. Comparatively, United Parcel Service Inc. (UPS) has moved 0.02% so far today and only 21.27% in the past 12 months. Looking at another peer, we see that Air Transport Services Group Inc. (ATSG) price has dipped -1.27% on the day. However, the stock is 6.61% off its price today a year ago. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.31% and -0.12% respectively on the day as seen in early trades.
If we refocus on Sino-Global Shipping America Ltd. (NASDAQ:SINO), historical trading data shows that trading volumes averaged 0.34 million over the past 10 days and 371.72K over the past 3 months. The company’s latest data on shares outstanding shows there are 14.96 million shares.
The 6.27% of Sino-Global Shipping America Ltd.’s shares are in the hands of company insiders while institutional holders own 1.90% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.63 million on May 27, 2021, giving us a short ratio of 1.56. The data shows that as of May 27, 2021 short interest in Sino-Global Shipping America Ltd. (SINO) stood at 4.18% of shares outstanding, with shares short falling to 1.09 million registered in Apr 29, 2021. Current price change has pushed the stock 55.83% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SINO stock continues to rise going into the next quarter.