On November 20, 2023, Safe & Green Holdings Corp (NASDAQ: SGBX) opened at $0.6897, higher 8.90% from the last session. During the day, the shares moved up to $0.8931 and dropped to $0.66 before settling in for the closing price of $0.78. Price fluctuations for SGBX have ranged from $0.32 to $1.35 over the past 52 weeks.
Top 5 EV Tech Stocks to Buy for 2023
The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".
Click Here to Download the FREE Report.
Sponsored
It was noted that within the last five years, the titan of the Industrials sector saw sales topped by 98.63%. Company’s average yearly earnings per share was noted -118.64% at the time writing. With a float of $10.26 million, this company’s outstanding shares have now reached $12.59 million.
The extent of productivity of a business whose workforce counts for 15 workers is very important to gauge. In terms of profitability, gross margin is -11.21, operating margin of -29.64, and the pretax margin is -29.06.
Safe & Green Holdings Corp (SGBX) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Metal Fabrication industry is another important factor to consider. The insider ownership of Safe & Green Holdings Corp is 37.74%, while institutional ownership is 4.61%.
Safe & Green Holdings Corp (SGBX) Latest Financial update
If we go through the results of last quarter, which was made public on 9/29/2023, the company posted -$0.23 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.36) by $0.13. This company achieved a net margin of -34.10 while generating a return on equity of -47.30. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.29 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -118.64% per share during the next fiscal year.
Safe & Green Holdings Corp (NASDAQ: SGBX) Trading Performance Indicators
Check out the current performance indicators for Safe & Green Holdings Corp (SGBX). In the past quarter, the stock posted a quick ratio of 0.43. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.75.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.15, a number that is poised to hit -0.17 in the next quarter and is forecasted to reach -0.62 in one year’s time.
Technical Analysis of Safe & Green Holdings Corp (SGBX)
The latest stats from [Safe & Green Holdings Corp, SGBX] show that its last 5-days average volume of 14.61 million was superior to 0.48 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 43.10%. Additionally, its Average True Range was 0.15.
During the past 100 days, Safe & Green Holdings Corp’s (SGBX) raw stochastic average was set at 28.35%, which indicates a significant decrease from 50.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 242.94% in the past 14 days, which was higher than the 160.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.6874, while its 200-day Moving Average is $0.9428. Now, the first resistance to watch is $0.9417. This is followed by the second major resistance level at $1.0339. The third major resistance level sits at $1.1748. If the price goes on to break the first support level at $0.7086, it is likely to go to the next support level at $0.5677. The third support level lies at $0.4755 if the price breaches the second support level.
Safe & Green Holdings Corp (NASDAQ: SGBX) Key Stats
There are currently 16,483K shares outstanding in the company with a market cap of 14.00 million. Presently, the company’s annual sales total 24,390 K according to its annual income of -8,320 K. Last quarter, the company’s sales amounted to 5,100 K and its income totaled -5,560 K.