Safe & Green Holdings Corp (NASDAQ: SGBX)’s stock price has increased by 58.92 compared to its previous closing price of 0.14. However, the company has seen a 48.70% increase in its stock price over the last five trading sessions. 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?
Additionally, the 36-month beta value for SGBX is -2.63. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for SGBX is 11.83M and currently, short sellers hold a 2.27% ratio of that float. The average trading volume of SGBX on April 25, 2024 was 715.25K shares.
SGBX’s Market Performance
SGBX stock saw an increase of 48.70% in the past week, with a monthly gain of 11.71% and a quarterly increase of -45.02%. The volatility ratio for the week is 11.02%, and the volatility levels for the last 30 days are 10.90% for Safe & Green Holdings Corp (SGBX). The simple moving average for the last 20 days is 35.41% for SGBX stock, with a simple moving average of -48.66% for the last 200 days.
SGBX Trading at -0.73% 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 -83.04% of loss for the given period.
Volatility was left at 10.90%, however, over the last 30 days, the volatility rate increased by 11.02%, as shares surge +25.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.45% lower at present.
During the last 5 trading sessions, SGBX rose by +62.34%, which changed the moving average for the period of 200-days by -76.67% in comparison to the 20-day moving average, which settled at $0.1716. In addition, Safe & Green Holdings Corp saw -51.36% 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 0.79. 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 conclusion, Safe & Green Holdings Corp (SGBX) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
