Investors Getting Picky When It Comes To Buying Safe and Green Development Corp (SGD)

Safe and Green Development Corp (NASDAQ:SGD) does about 4.69M shares in volume on a normal day but saw 1079351 shares change hands in Friday’s trading. The company now has a market cap of 8.00M USD. Its current market price is $0.50, marking a decrease of -0.20% compared to the previous close of $0.50. The 52 week high reached by this stock is $10.46 whilst the lowest price level in 52 weeks is $0.38.

Safe and Green Development Corp (SGD) has a 20-day trading average at $0.5437 and the current price is -95.23% off the 52-week high compared with 30.59% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.6237. If we look at the stock’s price movements over the week, volatility stands at 10.74%, which increases to 15.21% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 43.06 to suggest the stock is neutral.

Safe and Green Development Corp (SGD) stock is down -11.68% over the week and -19.52% over the past month. Its price is -64.36% year-to-date.

The stock last released its quarterly earnings report for quarter ended 12/31/2023, with the company’s earnings per share (EPS) of -0.02 above consensus estimates by 0.01. The company’s next earnings report forecasts estimating quarterly EPS at -0.01 and -0.11 for whole year.

The company has a return on investment of -249.57% and return on equity of -266.81%. Price to book ratio is 2.81 and price to sales ratio is 160.08.