A new trading day began on Friday, with Sacks Parente Golf Inc (NASDAQ: SPGC) stock price up 49.14% from the previous day of trading, before settling in for the closing price of $0.60. SPGC’s price has ranged from $0.26 to $7.90 over the past 52 weeks.
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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 29.52%. With a float of $1.54 million, this company’s outstanding shares have now reached $14.60 million.
Let’s determine the extent of company efficiency that accounts for 18 employees. In terms of profitability, gross margin is 55.76%, operating margin of -219.27%, and the pretax margin is -210.64%.
Sacks Parente Golf Inc (SPGC) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Leisure Industry. The insider ownership of Sacks Parente Golf Inc is 15.79%, while institutional ownership is 67.15%. The most recent insider transaction that took place on Dec 30 ’24, was worth 9,000. In this transaction Executive Chairman of this company bought 25,000 shares at a rate of $0.36, taking the stock ownership to the 103,337 shares. Before that another transaction happened on Dec 13 ’24, when Company’s Director bought 25,000 for $1.20, making the entire transaction worth $30,000. This insider now owns 211,014 shares in total.
Sacks Parente Golf Inc (SPGC) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
Sacks Parente Golf Inc (NASDAQ: SPGC) Trading Performance Indicators
Here are Sacks Parente Golf Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.69. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.65.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.94, a number that is poised to hit -0.30 in the next quarter
Technical Analysis of Sacks Parente Golf Inc (SPGC)
Looking closely at Sacks Parente Golf Inc (NASDAQ: SPGC), its last 5-days average volume was 42.76 million, which is a jump from its year-to-date volume of 14.92 million. As of the previous 9 days, the stock’s Stochastic %D was 60.33%. Additionally, its Average True Range was 0.20.
During the past 100 days, Sacks Parente Golf Inc’s (SPGC) raw stochastic average was set at 16.83%, which indicates a significant decrease from 57.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 479.34% in the past 14 days, which was higher than the 316.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.5869, while its 200-day Moving Average is $2.9210. However, in the short run, Sacks Parente Golf Inc’s stock first resistance to watch stands at $1.2965. Second resistance stands at $1.7049. The third major resistance level sits at $2.0699. If the price goes on to break the first support level at $0.5231, it is likely to go to the next support level at $0.1581.
Sacks Parente Golf Inc (NASDAQ: SPGC) Key Stats
With a market capitalization of 1.63 million, the company has a total of 1,826K Shares Outstanding. Currently, annual sales are 350 K while annual income is -4,630 K. The company’s previous quarter sales were 1,210 K while its latest quarter income was -1,060 K.
