Look Past The Setbacks And Give Sacks Parente Golf Inc (NASDAQ: SPGC) Another Chance

Sacks Parente Golf Inc (NASDAQ:SPGC) currently has a daily average trading volume of 4.88M but it saw 2884566 shares traded in last market. With a market cap of 6.03M USD, the company’s current market price of $0.68 came rising about 12.46 while comparing to the previous closing price of $0.60. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.10 and as low as $0.26. In the recent trading on the day, stock has struck highest price mark of $0.5696 while lowest mark touched by it was $0.737.

Taking a look at 20-day trading activity of Sacks Parente Golf Inc (SPGC) gives us an average price of $0.4240, while its current price level is -92.57% below from 52-week high level whereas it is 155.83% 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 $0.7350 while that of 200 days or SMA-200 reads an average of $3.0531. A closer look into the stock’s movement over the week reveals that its volatility is standing at 37.88% during that period while stretching the period over a month that decreases to 25.99%. 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 55.60 which implies that the stock is in neutral territory.

Over the week, SPGC’s stock price is moving 14.56% up while it is 19.29% when we observe its performance for the past one month. Year-to-date it is 60.97% up and over the past year, the stock is showing a downside performance of -91.08%.

Currently, Sacks Parente Golf Inc’s total number of outstanding shares is 14.60M with 60.15% of that held by the insiders while 0.62% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -198.22% and return on equity (ROE) at -102.97%. Stock’s beta reads 3.95. Stock has a price to book (P/B) ratio of 3.74 while price to sale or P/S ratio amounts to 2.42. Its return on asset (ROA) is -92.57% on average.