Ideas And Forecasts On Shineco Inc (NASDAQ: SISI)

money audit

Shineco Inc (NASDAQ:SISI) currently has a daily average trading volume of 1.46M but it saw 629148 shares traded in last market. With a market cap of 4.40M USD, the company’s current market price of $0.39 came falling about -6.79 while comparing to the previous closing price of $0.42. 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 $0.3781 while lowest mark touched by it was $0.416.

Taking a look at 20-day trading activity of Shineco Inc (SISI) gives us an average price of $0.5099, while its current price level is -92.01% below from 52-week high level whereas it is 18.21% 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 $0.9215 while that of 200 days or SMA-200 reads an average of $1.2426. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.67% during that period while stretching the period over a month that increases to 16.69%. 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 35.36 which implies that the stock is in neutral territory.

Over the week, SISI’s stock price is moving -16.45% down while it is 2.86% when we observe its performance for the past one month. Year-to-date it is -65.23% down and over the past year, the stock is showing a downside performance of -68.83%.

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.