Signing Day Sports Inc (AMEX: SGN) Still Pointing Downwards

The trading price of Signing Day Sports Inc (AMEX:SGN) floating lower at last check on current market day and closing at $0.17, -13.36% lower than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $0.1598 and $0.2132. In examining the 52-week price action we see that the stock hit a 52-week high of $5.09 and a 52-week low of $0.15. Over the past month, the stock has lost -8.11% in value.

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Signing Day Sports Inc, whose market valuation is $2.93 million at the time of this writing, is expected to release its quarterly earnings report in September. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.

A quick review shows that SGN’s price is currently -19.04% off the SMA20 and -26.17% off the SMA50. The RSI metric on the 14-day chart is currently showing 41.05, and weekly volatility stands at 25.49%. When measured over the past 30 days, the indicator reaches 20.10%. Signing Day Sports Inc (AMEX:SGN)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.04.

To see how Signing Day Sports Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: SGN stock’s performance was -13.36% in the latest trading.

An evaluation of the daily trading volume of Signing Day Sports Inc (AMEX:SGN) indicates that the 3-month average is 450.10K. However, this figure has increased over the past 10 days to an average of 1.25.

Currently, records show that 13.25 million of the company’s shares remain outstanding. The insiders hold 43.66% of outstanding shares, whereas institutions hold 13.15%. The stats also highlight that short interest as of 2024-08-15, stood at 30557.0 shares, resulting in a short ratio of 0.12 at that time. From this, we can conclude that short interest is 25.00 of the company’s total outstanding shares. It is noteworthy that short shares in August were down slightly from the previous month’s figure, which was 50694.0. However, since the stock’s price has seen -84.65% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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