Shineco Inc (NASDAQ: SISI) Recovers 13.28% From 52-Week Low, Is SISI Still A High-Risk, High-Reward Play?

money audit

Shineco Inc (NASDAQ:SISI) currently has a daily average trading volume of 1.18M but it saw 814885 shares traded in last market. With a market cap of 6.46M USD, the company’s current market price of $0.57 came rising about 7.48 while comparing to the previous closing price of $0.54. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.90 and as low as $0.51.

Taking a look at 20-day trading activity of Shineco Inc (SISI) gives us an average price of $1.4859, while its current price level is -88.27% below from 52-week high level whereas it is 13.28% 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 $2.1547 while that of 200 days or SMA-200 reads an average of $1.3420. A closer look into the stock’s movement over the week reveals that its volatility is standing at 15.12% during that period while stretching the period over a month that increases to 24.19%. 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 36.05 which implies that the stock is in neutral territory.

Over the week, SISI’s stock price is moving -15.12% down while it is -74.22% when we observe its performance for the past one month. Year-to-date it is -48.93% down and over the past year, the stock is showing a downside performance of -75.09%.

Currently, Shineco Inc’s total number of outstanding shares is 26.39M. Stock’s beta reads 0.07. Stock has a price to book (P/B) ratio of 0.10.