Sacks Parente Golf Inc (NASDAQ:SPGC) concluded the trading at $0.59 on Wednesday, January 29 with a rise of 55.26% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $0.38 with its price kept floating in the range of $0.3443 and $0.628 on the day. Considering stock’s 52-week price range provides that SPGC hit a high price of $9.17 and saw its price falling to a low level of $0.26 during that period. Over a period of past 1-month, stock came adding 63.89% in its value.
With its current market valuation of $5.26 million, Sacks Parente Golf Inc is set to declare its quarterly results in February. Analysts are in estimates of -0.3 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -2.64 for current year with estimates of that growing to -0.33 in next year.
Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of 1.09M. They suggested that in the process company could generate revenue of as low as 1.09M which could climb up to 1.09M to hit a high.
In contrast, when we review SPGC stock’s current outlook then short term indicators are assigning it an average of 50% Sell, while medium term indicators are categorizing the stock at an average of 100% Sell. Long term indicators are suggesting an average of 100% Sell for it.
Digging deeper we become aware of the PEG ratio of the SPGC stock which is currently positioned at 0. It further provides that stock’s current price level is 59.32% away from its 20-day simple moving average and is -28.77% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 56.61 while volatility remained at 31.69% over the past week which changes to 22.16% when measuring it over the past month. Beta is valued at 3.99, while measure of average true range or ATR is currently at 0.09.
Having a second look at Sacks Parente Golf Inc (NASDAQ:SPGC) provides that stock’s average daily trading volume for 3 months was 1.57 million, while it jumped to 1175060 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 14.60 million.
The percentage of outstanding shares held by the insiders is 15.79% while it is 50.84% for the institutional holders. The figures also indicate that as of 2024-10-31, number of stock’s short shares was 35213.0 which implies a short ratio of 0.19. This shows up a 309.00 of Short Interest in company’s outstanding shares on the day. In October the standing of shares short improved as it was 9554.0 in the previous month. Addition of 40.51% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
