Volatility Is Your Friend: Sunshine Biopharma Inc (SBFM) Is Hot Again

Sunshine Biopharma Inc (NASDAQ:SBFM) does about 3.13M shares in volume on a normal day but saw 2566093 shares change hands in Friday’s trading. The company now has a market cap of 10.57M USD. Its current market price is $0.56, marking an increase of 5.26% compared to the previous close of $0.53. The 52 week high reached by this stock is $66.00 whilst the lowest price level in 52 weeks is $0.48.

Sunshine Biopharma Inc (SBFM) has a 20-day trading average at $0.7393 and the current price is -99.15% off the 52-week high compared with 15.75% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.0201 and its 200-day simple moving average is $19.3508. If we look at the stock’s price movements over the week, volatility stands at 12.47%, which decreases to 12.43% 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 30.01 to suggest the stock is neutral.

The consensus objective for the share price is $15.00, suggesting that the stock has a potential upside of 96.27% over the period.

Sunshine Biopharma Inc (SBFM) stock is down -10.95% over the week and -43.65% over the past month. Its price is -97.95% year-to-date and -99.05% over the past year.

To reach the target analysts have set, the stock logically needs to grow 96.27 percent from here.

The company has a return on investment of -16.15% and return on equity of -18.47%. The forward price to earnings ratio is 0.93. The beta has a value of -0.91. Price to book ratio is 0.02 and price to sales ratio is 0.40.