Safe & Green Holdings Corp (NASDAQ: SGBX) has experienced a decline in its stock price by -10.01 compared to its previous closing price of 0.17. However, the company has seen a fall of -6.37% in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-15 that Miami, FL, April 15, 2024 (GLOBE NEWSWIRE) — Safe & Green Holdings Corp. (NASDAQ: SGBX Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures for residential, commercial, and point-of-care medicine, today announced the Company plans to report its financial results and file its Form 10-K for the year ended December 31, 2023, on April 16, 2024.
Is It Worth Investing in Safe & Green Holdings Corp (NASDAQ: SGBX) Right Now?
Company’s 36-month beta value is -2.66.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SGBX is 11.83M, and currently, short sellers hold a 3.67% ratio of that floaft. The average trading volume of SGBX on April 18, 2024 was 714.94K shares.
SGBX’s Market Performance
SGBX’s stock has seen a -6.37% decrease for the week, with a -30.11% drop in the past month and a -64.94% fall in the past quarter. The volatility ratio for the week is 11.39%, and the volatility levels for the past 30 days are at 10.50% for Safe & Green Holdings Corp The simple moving average for the past 20 days is -15.88% for SGBX’s stock, with a -65.44% simple moving average for the past 200 days.
SGBX Trading at -37.39% from the 50-Day Moving Average
After a stumble in the market that brought SGBX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -88.34% of loss for the given period.
Volatility was left at 10.50%, however, over the last 30 days, the volatility rate increased by 11.39%, as shares sank -25.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -56.03% lower at present.
During the last 5 trading sessions, SGBX fell by -6.37%, which changed the moving average for the period of 200-days by -83.43% in comparison to the 20-day moving average, which settled at $0.1844. In addition, Safe & Green Holdings Corp saw -66.57% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SGBX
Current profitability levels for the company are sitting at:
- -0.84 for the present operating margin
- -0.02 for the gross margin
The net margin for Safe & Green Holdings Corp stands at -0.99. The total capital return value is set at -1.62. Equity return is now at value -141.93, with -60.47 for asset returns.
Based on Safe & Green Holdings Corp (SGBX), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at -0.42. The debt to equity ratio resting at 2.07. The interest coverage ratio of the stock is -9.15.
Currently, EBITDA for the company is -6.15 million with net debt to EBITDA at -0.77. When we switch over and look at the enterprise to sales, we see a ratio of 0.73. The receivables turnover for the company is 24.58for trailing twelve months and the total asset turnover is 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.45.
Conclusion
In a nutshell, Safe & Green Holdings Corp (SGBX) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
