Sacks Parente Golf Inc (NASDAQ:SPGC) price on Friday, January 17, fall -3.28% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.29.
A look at the stock’s price movement, the close in the last trading session was $0.30, moving within a range at $0.2801 and $0.3084. Turning to its 52-week performance, $9.17 and $0.26 were the 52-week high and 52-week low respectively. Overall, SPGC moved 3.85% over the past month.
Sacks Parente Golf Inc’s market cap currently stands at around $2.54 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 1.05M for the company’s revenue for the quarter, with a low and high estimate of 1.05M and 1.05M respectively.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SPGC 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.
SPGC’s current price about -21.70% and -72.66% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 27.13, while 7-day volatility ratio is 11.28% and 20.76% in the 30-day chart. Further, Sacks Parente Golf Inc (SPGC) has a beta value of 4.01, and an average true range (ATR) of 0.09.
If we refocus on Sacks Parente Golf Inc (NASDAQ:SPGC), historical trading data shows that trading volumes averaged 1.44 over the past 10 days and 1.44 million over the past 3 months. The company’s latest data on shares outstanding shows there are 14.60 million shares.
The 11.72% of Sacks Parente Golf Inc’s shares are in the hands of company insiders while institutional holders own 48.81% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 35213.0 on 2024-10-31, giving us a short ratio of 0.19. The data shows that as of 2024-10-31 short interest in Sacks Parente Golf Inc (SPGC) stood at 309.0 of shares outstanding, with shares short rising to 9554.0 registered in 2024-09-30. Current price change has pushed the stock -31.98% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SPGC stock continues to rise going into the next quarter.
