Shineco Inc (SISI) Down -91.51% From Its 52-Week High, But Growth Potential Is Changing Over Time

Shineco Inc (NASDAQ:SISI) currently has a daily average trading volume of 1.25M but it saw 1346119 shares traded in last market. With a market cap of 4.68M USD, the company’s current market price of $0.42 came rising about 13.94 while comparing to the previous closing price of $0.37. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.90 and as low as $0.33. In the recent trading on the day, stock has struck highest price mark of $0.366 while lowest mark touched by it was $0.426.

Taking a look at 20-day trading activity of Shineco Inc (SISI) gives us an average price of $0.5495, while its current price level is -91.51% below from 52-week high level whereas it is 25.60% 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 $1.9025 while that of 200 days or SMA-200 reads an average of $1.2970. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.01% during that period while stretching the period over a month that increases to 15.56%. 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 36.14 which implies that the stock is in neutral territory.

Over the week, SISI’s stock price is moving 14.98% up while it is -58.81% when we observe its performance for the past one month. Year-to-date it is -63.06% down and over the past year, the stock is showing a downside performance of -78.11%.

Currently, Shineco Inc’s total number of outstanding shares is 26.39M. Stock’s beta reads 0.02. Stock has a price to book (P/B) ratio of 0.07.