Look Past The Setbacks And Give Singularity Future Technology Ltd (NASDAQ: SGLY) Another Chance

Singularity Future Technology Ltd (NASDAQ:SGLY) currently has a daily average trading volume of 39.10K but it saw 3726177 shares traded in last market. With a market cap of 20.51M USD, the company’s current market price of $5.86 came rising about 35.65 while comparing to the previous closing price of $4.32. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.00 and as low as $2.00. In the recent trading on the day, stock has struck highest price mark of $3.39 while lowest mark touched by it was $7.65.

Taking a look at 20-day trading activity of Singularity Future Technology Ltd (SGLY) gives us an average price of $3.58, while its current price level is -26.75% below from 52-week high level whereas it is 192.99% 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 $4.32 while that of 200 days or SMA-200 reads an average of $4.56. A closer look into the stock’s movement over the week reveals that its volatility is standing at 32.88% during that period while stretching the period over a month that decreases to 15.47%. 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 73.42 which implies that the stock is in overbought territory.

Over the week, SGLY’s stock price is moving 48.73% up while it is 38.26% when we observe its performance for the past one month. Year-to-date it is 8.52% up and over the past year, the stock is showing an upside performance of 22.08%.

Currently, Singularity Future Technology Ltd’s total number of outstanding shares is 3.50M. Company’s return on investment (ROI) stands at -50.39% and return on equity (ROE) at -53.18%. Stock’s beta reads 1.04. Stock has a price to book (P/B) ratio of 1.21 while price to sale or P/S ratio amounts to 6.09. Its return on asset (ROA) is -39.89% on average.