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

Signing Day Sports Inc (AMEX:SGN) currently has a daily average trading volume of 1.62M but it saw 3206196 shares traded in last market. With a market cap of 1.06M USD, the company’s current market price of $0.54 came falling about -0.48 while comparing to the previous closing price of $0.54. In past 52 weeks, the stock remained buoying in the range of price level as high as $36.70 and as low as $0.44. In the recent trading on the day, stock has struck highest price mark of $0.5176 while lowest mark touched by it was $0.6299.

Taking a look at 20-day trading activity of Signing Day Sports Inc (SGN) gives us an average price of $0.6230, while its current price level is -98.54% below from 52-week high level whereas it is 23.36% 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 $0.8979 while that of 200 days or SMA-200 reads an average of $5.8802. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.14% during that period while stretching the period over a month that increases to 24.86%. 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 37.37 which implies that the stock is in neutral territory.

Over the week, SGN’s stock price is moving 3.35% up while it is -27.53% when we observe its performance for the past one month. Year-to-date it is -79.58% down and over the past year, the stock is showing a downside performance of -96.08%.

The company is expected to be releasing its next quarterly report in June, 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 1.99M with 5.25% of that held by the insiders while 5.04% of its common stock has been owned by the institutions. Stock’s beta reads 4.66. Stock has a price to sale or P/S ratio amounts to 1.72. Its return on asset (ROA) is -299.90% on average.