Safe & Green Holdings Corp (SGBX) Down -94.13% From Its 52-Week High, But Growth Potential Is Changing Over Time

Safe & Green Holdings Corp (NASDAQ:SGBX) currently has a daily average trading volume of 5.13M but it saw 4795210 shares traded in last market. With a market cap of 3.29M USD, the company’s current market price of $0.55 came rising about 8.21 while comparing to the previous closing price of $0.50. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.30 and as low as $0.38. In the recent trading on the day, stock has struck highest price mark of $0.493 while lowest mark touched by it was $0.5456.

Taking a look at 20-day trading activity of Safe & Green Holdings Corp (SGBX) gives us an average price of $0.6161, while its current price level is -94.13% below from 52-week high level whereas it is 45.45% 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 $0.6772 while that of 200 days or SMA-200 reads an average of $1.3032. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.46% during that period while stretching the period over a month that increases to 12.31%. 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 43.34 which implies that the stock is in neutral territory.

Over the week, SGBX’s stock price is moving -12.44% down while it is -14.21% when we observe its performance for the past one month. Year-to-date it is 13.67% up and over the past year, the stock is showing a downside performance of -90.34%.

The company is expected to be releasing its next quarterly report on 2023-Nov-13, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Safe & Green Holdings Corp’s total number of outstanding shares is 6.03M with 9.27% of that held by the insiders while 3.15% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at -8080.39%. Stock’s beta reads 0.55. Stock has a price to sale or P/S ratio amounts to 0.55. Its return on asset (ROA) is -143.30% on average.