Safe and Green Development Corp (NASDAQ: SGD) Recovers 43.43% From 52-Week Low, Is SGD Still A High-Risk, High-Reward Play?

Safe and Green Development Corp (NASDAQ:SGD) currently has a daily average trading volume of 1.33M but it saw 48691820 shares traded in last market. With a market cap of 4.90M USD, the company’s current market price of $0.31 came rising about 30.06 while comparing to the previous closing price of $0.23. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.46 and as low as $0.21. In the recent trading on the day, stock has struck highest price mark of $0.2836 while lowest mark touched by it was $0.4419.

Taking a look at 20-day trading activity of Safe and Green Development Corp (SGD) gives us an average price of $0.2837, while its current price level is -97.08% below from 52-week high level whereas it is 43.43% 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 $0.3741 while that of 200 days or SMA-200 reads an average of $0.8946. A closer look into the stock’s movement over the week reveals that its volatility is standing at 17.52% during that period while stretching the period over a month that increases to 17.85%. 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 49.19 which implies that the stock is in neutral territory.

Over the week, SGD’s stock price is moving 25.72% up while it is -24.00% when we observe its performance for the past one month. Year-to-date it is -78.18% 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 with 44.01% of that held by the insiders while 1.58% of its common stock has been owned by the institutions. 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 1.72 while price to sale or P/S ratio amounts to 98.00. Its return on asset (ROA) is -54.90% on average.