Safe and Green Development Corp (NASDAQ: SGD) Now $2.66 Higher From Its Low (0.37), Does It Still Have A Growth Story?

Safe and Green Development Corp (NASDAQ:SGD) currently has a daily average trading volume of 382.99K but it saw 1210255 shares traded in last market. With a market cap of 2.85M USD, the company’s current market price of $3.03 came falling about -7.34 while comparing to the previous closing price of $3.27. In past 52 weeks, the stock remained buoying in the range of price level as high as $168.40 and as low as $2.66. In the recent trading on the day, stock has struck highest price mark of $2.9 while lowest mark touched by it was $3.6677.

Taking a look at 20-day trading activity of Safe and Green Development Corp (SGD) gives us an average price of $4.14, while its current price level is -98.20% below from 52-week high level whereas it is 13.91% 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 $4.90 while that of 200 days or SMA-200 reads an average of $10.77. A closer look into the stock’s movement over the week reveals that its volatility is standing at 23.25% during that period while stretching the period over a month that decreases to 22.67%. 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 37.02 which implies that the stock is in neutral territory.

Over the week, SGD’s stock price is moving -5.02% down while it is -41.82% when we observe its performance for the past one month. Year-to-date it is -89.18% down and over the past year, the stock is showing a downside performance of -86.35%.

Currently, Safe and Green Development Corp’s total number of outstanding shares is 0.94M. Company’s return on investment (ROI) stands at -373.83% and return on equity (ROE) at -437.31%. Stock’s beta reads 7.35. Stock has a price to book (P/B) ratio of 1.24 while price to sale or P/S ratio amounts to 31.65. Its return on asset (ROA) is -63.98% on average.