Safe and Green Development Corp (NASDAQ:SGD) price on Friday, October 25, rose 4.29% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.16.
A look at the stock’s price movement, the close in the last trading session was $3.03, moving within a range at $3.03 and $3.84. Turning to its 52-week performance, $168.40 and $2.66 were the 52-week high and 52-week low respectively. Overall, SGD moved -42.71% over the past month.
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Safe and Green Development Corp’s market cap currently stands at around $2.97 million, with investors looking forward to this quarter’s earnings report slated for in November.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SGD is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
SGD’s current price about -21.23% and -34.87% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.95, while 7-day volatility ratio is 25.39% and 23.42% in the 30-day chart. Further, Safe and Green Development Corp (SGD) has a beta value of 7.38, and an average true range (ATR) of 0.82.
If we refocus on Safe and Green Development Corp (NASDAQ:SGD), historical trading data shows that trading volumes averaged 2.27 over the past 10 days and 400.55K over the past 3 months. The company’s latest data on shares outstanding shows there are 0.94 million shares.
The 43.95% of Safe and Green Development Corp’s shares are in the hands of company insiders while institutional holders own 1.45% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 27879.0 on 2024-09-30, giving us a short ratio of 2.57. The data shows that as of 2024-09-30 short interest in Safe and Green Development Corp (SGD) stood at 488.99996999999996 of shares outstanding, with shares short rising to 21224.0 registered in 2024-08-30. Current price change has pushed the stock -88.71% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SGD stock continues to rise going into the next quarter.
