Are Analysts Too Bullish On Shineco Inc (SISI)

Shineco Inc (NASDAQ:SISI) currently has a daily average trading volume of 111.38K but it saw 241708 shares traded in last market. With a market cap of 4.02M USD, the company’s current market price of $2.32 came rising about 9.95 while comparing to the previous closing price of $2.11. In past 52 weeks, the stock remained buoying in the range of price level as high as $117.65 and as low as $2.07. In the recent trading on the day, stock has struck highest price mark of $2.16 while lowest mark touched by it was $2.4861.

Taking a look at 20-day trading activity of Shineco Inc (SISI) gives us an average price of $2.79, while its current price level is -98.03% below from 52-week high level whereas it is 12.08% 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 $4.09 while that of 200 days or SMA-200 reads an average of $23.09. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.80% during that period while stretching the period over a month that increases to 16.77%. 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 36.15 which implies that the stock is in neutral territory.

Over the week, SISI’s stock price is moving -4.13% down while it is -38.74% when we observe its performance for the past one month. Year-to-date it is -91.42% down and over the past year, the stock is showing a downside performance of -91.59%.

Currently, Shineco Inc’s total number of outstanding shares is 7.97M. Company’s return on investment (ROI) stands at -76.67% and return on equity (ROE) at -75.54%. Stock’s beta reads -0.10. Stock has a price to book (P/B) ratio of 2.22 while price to sale or P/S ratio amounts to 0.39. Its return on asset (ROA) is -29.92% on average.