Safe and Green Development Corp (SGD) Down -97.23% From Its 52-Week High, But Growth Potential Is Changing Over Time

Safe and Green Development Corp (NASDAQ:SGD) currently has a daily average trading volume of 4.42M but it saw 1579134 shares traded in last market. With a market cap of 4.65M USD, the company’s current market price of $0.29 came falling about -0.38 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 $10.46 and as low as $0.25.

Taking a look at 20-day trading activity of Safe and Green Development Corp (SGD) gives us an average price of $0.3879, while its current price level is -97.23% below from 52-week high level whereas it is 18.27% 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 $0.4583 while that of 200 days or SMA-200 reads an average of $0.9678. A closer look into the stock’s movement over the week reveals that its volatility is standing at 38.39% during that period while stretching the period over a month that decreases to 14.54%. 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 24.29 which implies that the stock is in oversold territory.

Over the week, SGD’s stock price is moving -22.67% down while it is -25.45% when we observe its performance for the past one month. Year-to-date it is -79.29% 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 -249.57% and return on equity (ROE) at -266.81%. Stock has a price to book (P/B) ratio of 1.63 while price to sale or P/S ratio amounts to 93.03. Its return on asset (ROA) is -54.90% on average.