Safe & Green Holdings Corp (NASDAQ:SGBX) traded at $0.14 at close of the session on Monday, April 29, made a downward move of -4.28% on its previous day’s price.
Looking at the stock we see that its previous close was $0.15. In terms of its 52-week price range, SGBX has a high of $1.35 and a low of $0.14. The company’s stock has lost about -29.50% over that past 30 days.
Safe & Green Holdings Corp has a market cap of $2.56 million. With its Forward Dividend at 0.00 and a yield of 0.00%, the company’s investors could be anxious for the SGBX stock to gain ahead of the earnings release.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $11.47 million, with a low of $11.47 million and a high of $11.47 million. The median projection represents growth squeezing down to 179.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $29.71 million, or 21.80% up from figures reported last year.
On the other hand, looking at the outlook for the SGBX stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -15.78% off its SMA20 and -37.22% from its 50-day simple moving average. The RSI (14) is pointing at 39.50 while the volatility over the past week is 29.90% and jumps to 15.48% over the past one month. The beta value is -2.65, while the average true range (ATR) is currently pointing at 0.04.
Coming back to Safe & Green Holdings Corp (NASDAQ:SGBX), we note that the average 3-month trading volume was 3.02 million. Current shares outstanding are 18.18 million.
The insiders hold 34.90% of the company’s shares while institutions hold 3.48%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -70.05% down in year-to-date price movement.
