Smart for Life Inc (SMFL) Down -96.91% From Its 52-Week High, But Growth Potential Is Changing Over Time

Smart for Life Inc (NASDAQ:SMFL) currently has a daily average trading volume of 2.63M but it saw 89321946 shares traded in last market. With a market cap of 0.31M USD, the company’s current market price of $1.21 came rising about 42.35 while comparing to the previous closing price of $0.85. In past 52 weeks, the stock remained buoying in the range of price level as high as $39.20 and as low as $0.78. In the recent trading on the day, stock has struck highest price mark of $1.03 while lowest mark touched by it was $1.56.

Taking a look at 20-day trading activity of Smart for Life Inc (SMFL) gives us an average price of $1.0884, while its current price level is -96.91% below from 52-week high level whereas it is 55.93% 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 $1.6212 while that of 200 days or SMA-200 reads an average of $4.9609. A closer look into the stock’s movement over the week reveals that its volatility is standing at 21.43% during that period while stretching the period over a month that increases to 24.16%. 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 49.06 which implies that the stock is in neutral territory.

Over the week, SMFL’s stock price is moving 10.00% up while it is -6.92% when we observe its performance for the past one month. Year-to-date it is -89.52% down and over the past year, the stock is showing a downside performance of -94.35%.

Currently, Smart for Life Inc’s total number of outstanding shares is 0.26M. Company’s return on investment (ROI) stands at -180.11% and return on equity (ROE) at -1393.14%. Stock’s beta reads 0.94. Stock has a price to book (P/B) ratio of 0.11 while price to sale or P/S ratio amounts to 0.03. Its return on asset (ROA) is -70.10% on average.