Should Investors Trust The Upside Potential In Sky Quarry Inc (SKYQ)?

Sky Quarry Inc (NASDAQ:SKYQ) currently has a daily average trading volume of 181.92K but it saw 241751 shares traded in last market. With a market cap of 16.92M USD, the company’s current market price of $0.90 came rising about 8.39 while comparing to the previous closing price of $0.83. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.49 and as low as $0.83. In the recent trading on the day, stock has struck highest price mark of $0.87 while lowest mark touched by it was $0.9516.

Taking a look at 20-day trading activity of Sky Quarry Inc (SKYQ) gives us an average price of $1.6215, while its current price level is -83.61% below from 52-week high level whereas it is 8.43% above from lowest level seen by the stock during that period. A closer look into the stock’s movement over the week reveals that its volatility is standing at 17.29% during that period while stretching the period over a month that increases to 17.43%. 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 24.16 which implies that the stock is in oversold territory.

Over the week, SKYQ’s stock price is moving -22.41% down while it is -61.54% when we observe its performance for the past one month. Year-to-date it is -78.10% down and over the past year.

The company is expected to be releasing its next quarterly report in December, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Sky Quarry Inc’s total number of outstanding shares is 48.97M. Company’s return on investment (ROI) stands at -105.09% and return on equity (ROE) at -80.01%. Stock has a price to book (P/B) ratio of 1.96 while price to sale or P/S ratio amounts to 0.42. Its return on asset (ROA) is -38.38% on average.