Safe and Green Development Corp (NASDAQ: SGD): Retirees Don’t Worry About Volatility

Safe and Green Development Corp (NASDAQ:SGD) currently has a daily average trading volume of 4.70M but it saw 1277638 shares traded in last market. With a market cap of 7.05M USD, the company’s current market price of $0.48 came falling about -7.06 while comparing to the previous closing price of $0.51. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.46 and as low as $0.38.

Taking a look at 20-day trading activity of Safe and Green Development Corp (SGD) gives us an average price of $0.6081, while its current price level is -95.43% below from 52-week high level whereas it is 25.02% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.7419. A closer look into the stock’s movement over the week reveals that its volatility is standing at 27.71% during that period while stretching the period over a month that decreases to 23.77%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 42.45 which implies that the stock is in neutral territory.

Over the week, SGD’s stock price is moving -22.95% down while it is -25.24% when we observe its performance for the past one month. Year-to-date it is -65.88% down and over the past year.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.02 beat the consensus estimate of -0.03 for the same.

Currently, Safe and Green Development Corp’s total number of outstanding shares is 10.00M. Company’s return on investment (ROI) stands at -222.51%. Stock has a price to book (P/B) ratio of 2.53 while price to sale or P/S ratio amounts to 140.92.