Sacks Parente Golf Inc (NASDAQ:SPGC) does about 8.50M shares in volume on a normal day but saw 6744546 shares change hands in the recent trading day. The company now has a market cap of 7.49M USD. Its current market price is $0.84, marking a decrease of -5.41% compared to the previous close of $0.89. The 52 week high reached by this stock is $7.90 whilst the lowest price level in 52 weeks is $0.26.
Sacks Parente Golf Inc (SPGC) has a 20-day trading average at $0.5390 and the current price is -89.37% off the 52-week high compared with 217.94% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.5705 and its 200-day simple moving average is $2.9037. If we look at the stock’s price movements over the week, volatility stands at 62.88%, which decreases to 36.99% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 58.64 to suggest the stock is neutral.
The consensus objective for the share price is $3.00, suggesting that the stock has a potential upside of 72.0% over the period.
The current price level is 55.85%, 47.23%, and -71.07% away from its SMA20, SMA50, and SMA200 respectively, with the SPGC price moving below the 50-day SMA on current market day. Sacks Parente Golf Inc (SPGC) stock is up 104.88% over the week and 184.46% over the past month. Its price is 100.05% year-to-date and -85.81% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.3 and -2.64 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $1.09M.
To reach the target analysts have set, the stock logically needs to grow 72.0 percent from here.
Outstanding shares total 14.60M with insiders holding 26.71% of the shares and institutional holders owning 3.86% of the company’s common stock. The company has a return on investment of -198.22% and return on equity of -102.97%. The beta has a value of 3.99. Price to book ratio is 4.65 and price to sales ratio is 3.01.
