Safe & Green Holdings Corp (NASDAQ:SGBX) price on current trading day, rose 16.18% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.22.
A look at the stock’s price movement, the level at last check in today’s session was $1.05, moving within a range at $1.15 and $1.3. The beta value (5-Year monthly) was -2.578. Turning to its 52-week performance, $27.00 and $0.86 were the 52-week high and 52-week low respectively. Overall, SGBX moved 25.78% over the past month.
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Safe & Green Holdings Corp’s market cap currently stands at around $2.48 million, with investors looking forward to this quarter’s earnings report slated for on 2023-Nov-14.
Analysts have a consensus estimate of 1.96M for the company’s revenue for the quarter, with a low and high estimate of 11.47M and 11.47M respectively. The average forecast suggests down to a -52.30% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 16.52M, representing a -32.30% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SGBX is a Hold. 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.
SGBX’s current price about 12.59% and 15.02% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.25, while 7-day volatility ratio is 18.25% and 13.11% in the 30-day chart. Further, Safe & Green Holdings Corp (SGBX) has a beta value of -2.79, and an average true range (ATR) of 0.17.
If we refocus on Safe & Green Holdings Corp (NASDAQ:SGBX), historical trading data shows that trading volumes averaged 0.27 over the past 10 days and 97.02K over the past 3 months. The company’s latest data on shares outstanding shows there are 2.03 million shares.
The 24.87% of Safe & Green Holdings Corp’s shares are in the hands of company insiders while institutional holders own 10.42% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 82942.0 on 2024-09-30, giving us a short ratio of 1.31. The data shows that as of 2024-09-30 short interest in Safe & Green Holdings Corp (SGBX) stood at 493.99999999999994 of shares outstanding, with shares short rising to 42178.0 registered in 2024-08-30. Current price change has pushed the stock -87.04% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SGBX stock continues to rise going into the next quarter.
