Putting The Spotlight On 60 Degrees Pharmaceuticals Inc (SXTP)

60 Degrees Pharmaceuticals Inc (NASDAQ:SXTP) currently has a daily average trading volume of 359.93K but it saw 2022722 shares traded in last market. With a market cap of 4.21M USD, the company’s current market price of $0.34 came rising about 20.67 while comparing to the previous closing price of $0.29. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.65 and as low as $0.20.

Taking a look at 20-day trading activity of 60 Degrees Pharmaceuticals Inc (SXTP) gives us an average price of $0.2677, while its current price level is -96.01% below from 52-week high level whereas it is 71.56% 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 $0.2572 while that of 200 days or SMA-200 reads an average of $0.5914. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.68% during that period while stretching the period over a month that increases to 13.00%. 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 70.01 which implies that the stock is in overbought territory.

Over the week, SXTP’s stock price is moving 19.05% up while it is 71.22% when we observe its performance for the past one month. Year-to-date it is -66.18% down and over the past year.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.77 beaten by the consensus estimate of 0.95 for the same. In next quarter, company is expected to be making quarterly sales of $250k as analysts are expecting the sales for current fiscal year at $900k and seeing the company making $2.55M in sales next year. Moreover, analysts are in estimates of $200k for current-quarter revenue.

Currently, 60 Degrees Pharmaceuticals Inc’s total number of outstanding shares is 12.21M. Company’s return on investment (ROI) stands at -10.89%. Stock has a price to sale or P/S ratio amounts to 11.09. Its return on asset (ROA) is -8.53% on average.