Singlepoint Inc (AMEX: SING) Trading under Its 20 Day MA ($0.1297), Why Showing An Interesting Price Pattern?

Singlepoint Inc (AMEX:SING) does about 10.75M shares in volume on a normal day but saw 2790738 shares change hands in the recent trading day. The company now has a market cap of 2.28M USD. Its current market price is $0.10, marking a decrease of -20.17% compared to the previous close of $0.12. The 52 week high reached by this stock is $108.42 whilst the lowest price level in 52 weeks is $0.08.

Singlepoint Inc (SING) has a 20-day trading average at $0.1297 and the current price is -99.91% off the 52-week high compared with 16.69% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.1602. If we look at the stock’s price movements over the week, volatility stands at 23.76%, which decreases to 17.56% 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 37.80 to suggest the stock is neutral.

The consensus objective for the share price is $10400.00, suggesting that the stock has a potential upside of 100.0% over the period.

Singlepoint Inc (SING) stock is down -8.76% over the week and -42.98% over the past month. Its price is -95.54% year-to-date and -99.90% over the past year.

To reach the target analysts have set, the stock logically needs to grow 100.0 percent from here.

The company has a return on investment of -227.20%. The beta has a value of -0.72. Price to book ratio is 0.24 and price to sales ratio is 0.09.