How Worried Should Investors Be About Sunshine Biopharma Inc (SBFM)

Sunshine Biopharma Inc (NASDAQ:SBFM) does about 4.32M shares in volume on a normal day but saw 1619031 shares change hands in Friday trading. The company now has a market cap of 8.03M USD. Its current market price is $0.34, marking an increase of 7.96% compared to the previous close of $0.32. The 52 week high reached by this stock is $64.50 whilst the lowest price level in 52 weeks is $0.28.

Sunshine Biopharma Inc (SBFM) has a 20-day trading average at $0.3820 and the current price is -99.47% off the 52-week high compared with 22.02% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.6442 and its 200-day simple moving average is $15.7180. If we look at the stock’s price movements over the week, volatility stands at 16.37%, which increases to 18.50% 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 35.11 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 97.73% over the period.

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Sunshine Biopharma Inc (SBFM) stock is down -22.03% over the week and -34.65% over the past month. Its price is -98.74% year-to-date and -99.32% over the past year.

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To reach the target analysts have set, the stock logically needs to grow 97.73 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 0.57. The beta has a value of -0.97. Price to book ratio is 0.01 and price to sales ratio is 0.30.

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