Sunshine Biopharma Inc (NASDAQ: SBFM) – Time For Strategy Change?

money audit

Sunshine Biopharma Inc (NASDAQ:SBFM) currently has a daily average trading volume of 683.60K but it saw 125639 shares traded in last market. With a market cap of 8.04M USD, the company’s current market price of $2.97 came falling about -5.41 while comparing to the previous closing price of $3.14. In past 52 weeks, the stock remained buoying in the range of price level as high as $571.20 and as low as $2.11. In the recent trading on the day, stock has struck highest price mark of $2.95 while lowest mark touched by it was $3.14.

Taking a look at 20-day trading activity of Sunshine Biopharma Inc (SBFM) gives us an average price of $2.94, while its current price level is -99.48% below from 52-week high level whereas it is 41.05% 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 $2.81 while that of 200 days or SMA-200 reads an average of $19.69. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.05% during that period while stretching the period over a month that decreases to 10.21%. 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 50.37 which implies that the stock is in neutral territory.

Over the week, SBFM’s stock price is moving -1.00% down while it is -11.08% when we observe its performance for the past one month. Year-to-date it is -1.00% down and over the past year, the stock is showing a downside performance of -99.42%.

Currently, Sunshine Biopharma Inc’s total number of outstanding shares is 2.00M. Company’s return on investment (ROI) stands at -16.59% and return on equity (ROE) at -17.98%. It has a 4.01 of forward P/E ratio. Stock’s beta reads -0.96. Stock has a price to book (P/B) ratio of 0.24 while price to sale or P/S ratio amounts to 0.24. Its return on asset (ROA) is -14.65% on average.