The Week Ahead: Are Investors Really Too Optimistic About Safe and Green Development Corp (NASDAQ: SGD)

Safe and Green Development Corp (NASDAQ:SGD) currently has a daily average trading volume of 314.37K but it saw 1026886 shares traded in last market. With a market cap of 2.64M USD, the company’s current market price of $1.77 came rising about 14.94 while comparing to the previous closing price of $1.54. In past 52 weeks, the stock remained buoying in the range of price level as high as $53.80 and as low as $1.39. In the recent trading on the day, stock has struck highest price mark of $1.4 while lowest mark touched by it was $1.82.

Taking a look at 20-day trading activity of Safe and Green Development Corp (SGD) gives us an average price of $1.8175, while its current price level is -96.71% below from 52-week high level whereas it is 27.34% 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 $2.1501 while that of 200 days or SMA-200 reads an average of $5.6868. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.63% during that period while stretching the period over a month that decreases to 13.48%. 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 44.36 which implies that the stock is in neutral territory.

Over the week, SGD’s stock price is moving 10.62% up while it is -35.44% when we observe its performance for the past one month. Year-to-date it is -33.71% down and over the past year, the stock is showing a downside performance of -90.97%.

Currently, Safe and Green Development Corp’s total number of outstanding shares is 1.49M. Company’s return on investment (ROI) stands at -579.26% and return on equity (ROE) at -348.98%. Stock’s beta reads 4.98. Stock has a price to book (P/B) ratio of 2.64 while price to sale or P/S ratio amounts to 15.51. Its return on asset (ROA) is -72.61% on average.