In the past week, SING stock has gone up by 13.68%, with a monthly decline of -8.65% and a quarterly plunge of -71.54%. The volatility ratio for the week is 15.58%, and the volatility levels for the last 30 days are 20.08% for Singlepoint Inc The simple moving average for the past 20 days is -10.05% for SING’s stock, with a -99.30% simple moving average for the past 200 days.
Is It Worth Investing in Singlepoint Inc (AMEX: SING) Right Now?
Moreover, the 36-month beta value for SING is -0.37. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SING is 0.92M and currently, short sellers hold a 6.02% of that float. On April 30, 2024, SING’s average trading volume was 551.11K shares.
SING) stock’s latest price update
The stock price of Singlepoint Inc (AMEX: SING) has jumped by 10.09 compared to previous close of 0.18. Despite this, the company has seen a gain of 13.68% in its stock price over the last five trading days. Newsfile Corp reported 2024-04-29 that Phoenix, Arizona–(Newsfile Corp. – April 29, 2024) – SinglePoint Inc. (CBOE: SING) (“SinglePoint” or “the Company”), an innovative solar energy company, announces that Wil Ralston, Chief Executive Officer, will present a corporate overview at the Planet MicroCap Showcase: VEGAS 2024. The conference is being held on April 30 – May 2, 2024 at the Paris Hotel & Casino in Las Vegas, NV.
SING Trading at -31.00% from the 50-Day Moving Average
After a stumble in the market that brought SING to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.96% of loss for the given period.
Volatility was left at 20.08%, however, over the last 30 days, the volatility rate increased by 15.58%, as shares sank -28.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -56.60% lower at present.
During the last 5 trading sessions, SING rose by +13.68%, in comparison to the 20-day moving average, which settled at $0.2133. In addition, Singlepoint Inc saw -90.92% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SING starting from Ralston Wil, who purchase 100,000 shares at the price of $5.00 back on Dec 19 ’23. After this action, Ralston Wil now owns 137,267 shares of Singlepoint Inc, valued at $500,000 using the latest closing price.
Stock Fundamentals for SING
Current profitability levels for the company are sitting at:
- -0.14 for the present operating margin
- 0.3 for the gross margin
The net margin for Singlepoint Inc stands at -0.28. The total capital return value is set at 0.6.
Based on Singlepoint Inc (SING), the company’s capital structure generated -14.08 points at debt to capital in total, while cash flow to debt ratio is standing at -0.13. The debt to equity ratio resting at -0.93. The interest coverage ratio of the stock is -3.11.
Currently, EBITDA for the company is -5.87 million with net debt to EBITDA at -3.31. When we switch over and look at the enterprise to sales, we see a ratio of 0.45. The receivables turnover for the company is 8.02for trailing twelve months and the total asset turnover is 1.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.28.
Conclusion
To wrap up, the performance of Singlepoint Inc (SING) has been bad in recent times. The stock has received a mixed of “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.
