Sacks Parente Golf Inc (NASDAQ:SPGC) shares, rose in value on Thursday, January 02, with the stock price up by 5.86% to the previous day’s close as strong demand from buyers drove the stock to $0.44.
Actively observing the price movement in the last trading, the stock closed the session at $0.42, falling within a range of $0.4 and $0.4634. Referring to stock’s 52-week performance, its high was $9.17, and the low was $0.26. On the whole, SPGC has fluctuated by -73.54% over the past month.
With the market capitalization of Sacks Parente Golf Inc currently standing at about $3.93 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.42M, with a low estimate of 1.05M and a high estimate of 1.05M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.05M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SPGC’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of SPGC currently trading nearly -36.81% and -66.59% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 26.54, while the 7-day volatility ratio is showing 19.36% which for the 30-day chart, stands at 17.45%. Furthermore, Sacks Parente Golf Inc (SPGC)’s beta value is 3.98, and its average true range (ATR) is 0.12.
A comparison of Sacks Parente Golf Inc (SPGC) with its peers suggests the former has fared considerably weaker in the market. SPGC showed an intraday change of 5.86% in last session, and over the past year, it shrunk by -93.53%%.
Data on historical trading for Sacks Parente Golf Inc (NASDAQ:SPGC) indicates that the trading volumes over the past 10 days have averaged 2.94 and over the past 3 months, they’ve averaged 1.18 million. According to company’s latest data on outstanding shares, there are 14.60 million shares outstanding.
Nearly 55.85% of Sacks Parente Golf Inc’s shares belong to company insiders and institutional investors own 0.49% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 35213.0 shares as on 2024-10-31, resulting in a short ratio of 0.19. According to the data, the short interest in Sacks Parente Golf Inc (SPGC) stood at 309.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 9554.0. The stock has risen by 5.86% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SPGC stock heading into the next quarter.
