Shineco Inc (NASDAQ: SISI) – Time For Strategy Change?

Shineco Inc (NASDAQ:SISI) currently has a daily average trading volume of 2.20M but it saw 3821724 shares traded in last market. With a market cap of 8.89M USD, the company’s current market price of $0.26 came rising about 1.04 while comparing to the previous closing price of $0.26. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.90 and as low as $0.20. In the recent trading on the day, stock has struck highest price mark of $0.237 while lowest mark touched by it was $0.275.

Taking a look at 20-day trading activity of Shineco Inc (SISI) gives us an average price of $0.3415, while its current price level is -94.63% below from 52-week high level whereas it is 33.03% 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 $0.4524 while that of 200 days or SMA-200 reads an average of $1.1860. A closer look into the stock’s movement over the week reveals that its volatility is standing at 25.23% during that period while stretching the period over a month that decreases to 18.98%. 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 36.77 which implies that the stock is in neutral territory.

Over the week, SISI’s stock price is moving 21.76% up while it is -43.99% when we observe its performance for the past one month. Year-to-date it is -76.64% down and over the past year, the stock is showing a downside performance of -79.40%.

Currently, Shineco Inc’s total number of outstanding shares is 33.82M. Company’s return on investment (ROI) stands at -87.05%. Stock’s beta reads -0.07. Stock has a price to book (P/B) ratio of 0.08 while price to sale or P/S ratio amounts to 0.91.