Safe and Green Development Corp (NASDAQ: SGD) Increases 3.06% Over A Month, But Analysts Still See Upside Potential

Safe and Green Development Corp (NASDAQ:SGD) currently has a daily average trading volume of 2.06M but it saw 769790 shares traded in last market. With a market cap of 5.34M USD, the company’s current market price of $0.30 came rising about 8.07 while comparing to the previous closing price of $0.28. 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 $0.2569 while lowest mark touched by it was $0.33.

Taking a look at 20-day trading activity of Safe and Green Development Corp (SGD) gives us an average price of $0.2743, while its current price level is -97.13% below from 52-week high level whereas it is 40.85% 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 $0.3527 while that of 200 days or SMA-200 reads an average of $0.8783. A closer look into the stock’s movement over the week reveals that its volatility is standing at 18.74% during that period while stretching the period over a month that decreases to 13.63%. 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 49.57 which implies that the stock is in neutral territory.

Over the week, SGD’s stock price is moving -1.80% down while it is 3.06% when we observe its performance for the past one month. Year-to-date it is -78.57% 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. The company is expected to be releasing its next quarterly report in September, for which analysts forecasted an EPS of -0.01 while estimate for next year EPS is -0.15.

Currently, Safe and Green Development Corp’s total number of outstanding shares is 10.00M with 39.63% of that held by the insiders while 1.52% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -373.83% and return on equity (ROE) at -437.31%. Stock has a price to book (P/B) ratio of 2.46 while price to sale or P/S ratio amounts to 59.37. Its return on asset (ROA) is -63.98% on average.