On Tuesday, Sacks Parente Golf Inc (NASDAQ: SPGC) opened higher 12.05% from the last session, before settling in for the closing price of $0.66. Price fluctuations for SPGC have ranged from $0.26 to $6.97 over the past 52 weeks.
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A company in the Consumer Cyclical sector has jumped its sales by 29.52% annually for the last half of the decade. With a float of $1.54 million, this company’s outstanding shares have now reached $14.60 million.
In an organization with 18 employees, it is important to assess its efficiency. 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) Insider Updates
A key investor’s attitude towards the stock of the Leisure industry is another important factor to consider. 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) Performance Highlights and Predictions
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
Check out the current performance indicators for Sacks Parente Golf Inc (SPGC). In the past quarter, the stock posted a quick ratio of 2.69. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.66.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 4.66 million. That was inferior than the volume of 13.45 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 38.90%. Additionally, its Average True Range was 0.21.
During the past 100 days, Sacks Parente Golf Inc’s (SPGC) raw stochastic average was set at 12.90%, which indicates a significant decrease from 39.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 366.08% in the past 14 days, which was higher than the 316.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.5052, while its 200-day Moving Average is $2.8210. However, in the short run, Sacks Parente Golf Inc’s stock first resistance to watch stands at $0.8595. Second resistance stands at $0.9768. The third major resistance level sits at $1.0643. If the price goes on to break the first support level at $0.6547, it is likely to go to the next support level at $0.5672. Assuming the price breaks the second support level, the third support level stands at $0.4499.
Sacks Parente Golf Inc (NASDAQ: SPGC) Key Stats
There are currently 1,826K shares outstanding in the company with a market cap of 6.62 million. Presently, the company’s annual sales total 350 K according to its annual income of -4,630 K. Last quarter, the company’s sales amounted to 1,210 K and its income totaled -1,060 K.
