Safe & Green Holdings Corp (NASDAQ: SGBX) – Time For Strategy Change?

Safe & Green Holdings Corp (NASDAQ:SGBX) currently has a daily average trading volume of 59.18K but it saw 641605 shares traded in last market. With a market cap of 2.03M USD, the company’s current market price of $1.00 came falling about -13.04 while comparing to the previous closing price of $1.15. In past 52 weeks, the stock remained buoying in the range of price level as high as $27.00 and as low as $0.91. In the recent trading on the day, stock has struck highest price mark of $0.94 while lowest mark touched by it was $1.08.

Taking a look at 20-day trading activity of Safe & Green Holdings Corp (SGBX) gives us an average price of $1.1072, while its current price level is -96.30% below from 52-week high level whereas it is 9.89% 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 $1.8003 while that of 200 days or SMA-200 reads an average of $5.1874. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.46% during that period while stretching the period over a month that increases to 15.17%. 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 35.46 which implies that the stock is in neutral territory.

Over the week, SGBX’s stock price is moving -10.71% down while it is -30.07% when we observe its performance for the past one month. Year-to-date it is -89.38% down and over the past year, the stock is showing a downside performance of -92.43%.

Currently, Safe & Green Holdings Corp’s total number of outstanding shares is 2.03M. Company’s return on equity (ROE) at -8080.39%. Stock’s beta reads -2.72. Stock has a price to sale or P/S ratio amounts to 0.25. Its return on asset (ROA) is -102.74% on average.