Sacks Parente Golf Inc (NASDAQ:SPGC) price closed lower on Tuesday, February 04, and dropping -6.08% below its previous close.
A look at the daily price movement shows that the last close reads $0.64, with intraday deals fluctuated between $0.56 and $0.6862. Taking into account the 52-week price action we note that the stock hit a 52-week high of $9.10 and 52-week low of $0.26. The stock added 35.21% on its value in the past month.
Sacks Parente Golf Inc, which has a market valuation of $5.36 million, is expected to release its quarterly earnings report in March.
On average, analysts have forecast the company’s revenue for the quarter will hit 1.09M, with the likely lows of 1.09M and highs of 1.09M. Staying with the analyst view, there is a consensus estimate of 3.46M for the company’s annual revenue in current year.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give SPGC a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that SPGC’s price is at present 44.84% off the SMA20 and -20.18% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 52.71, with weekly volatility standing at 48.15%. The indicator jumps to 26.12% when calculated based on the past 30 days. Sacks Parente Golf Inc (NASDAQ:SPGC)’s beta value is holding at 3.76, while the average true range (ATR) indicator is currently reading 0.14.
An analysis of the Sacks Parente Golf Inc (NASDAQ:SPGC) stock in terms of its daily trading volume indicates that the 3-month average is 4.83 million. However, this figure increases on the past 10-day timeline to an average of 20.87 million.
Current records show that the company has 14.60M in outstanding shares. The insiders’ percentage holdings are 15.79% of outstanding shares while the percentage share held by institutions stands at 50.84%. The stats also highlight that short interest as of 2024-10-31, stood at 35213.0 shares, which puts the short ratio at the time at 0.19. From this we can glean that short interest is 309.00 of company’s current outstanding shares. Notably, we see that shares short in October rose slightly given the previous month’s figure stood at 9554.0. But the 43.13% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
