Signing Day Sports Inc (AMEX: SGN) – Time For Strategy Change?

Signing Day Sports Inc (AMEX:SGN) currently has a daily average trading volume of 2.79M but it saw 5605456 shares traded in last market. With a market cap of 1.71M USD, the company’s current market price of $0.93 came rising about 47.63 while comparing to the previous closing price of $0.63. In past 52 weeks, the stock remained buoying in the range of price level as high as $36.70 and as low as $0.52. In the recent trading on the day, stock has struck highest price mark of $0.7591 while lowest mark touched by it was $1.8801.

Taking a look at 20-day trading activity of Signing Day Sports Inc (SGN) gives us an average price of $0.7692, while its current price level is -97.47% below from 52-week high level whereas it is 78.42% 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 $1.5875 while that of 200 days or SMA-200 reads an average of $6.7760. A closer look into the stock’s movement over the week reveals that its volatility is standing at 52.35% during that period while stretching the period over a month that decreases to 22.80%. 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 47.98 which implies that the stock is in neutral territory.

Over the week, SGN’s stock price is moving 18.48% up while it is 28.47% when we observe its performance for the past one month. Year-to-date it is -64.63% down and over the past year, the stock is showing a downside performance of -94.97%.

The company is expected to be releasing its next quarterly report in May, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Signing Day Sports Inc’s total number of outstanding shares is 1.84M with 5.66% of that held by the insiders while 3.37% of its common stock has been owned by the institutions. Stock’s beta reads 2.31. Stock has a price to sale or P/S ratio amounts to 2.95. Its return on asset (ROA) is -532.70% on average.