The public float for SPGC is 6.04M, and at present, short sellers hold a 1.02% of that float. On May 01, 2024, the average trading volume of SPGC was 62.46K shares.
SPGC) stock’s latest price update
Sacks Parente Golf Inc (NASDAQ: SPGC)’s stock price has soared by 16.28 in relation to previous closing price of 0.43. Nevertheless, the company has seen a gain of 16.82% in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-23 that CAMARILLO, CA, April 23, 2024 (GLOBE NEWSWIRE) — Sacks Parente Golf, Inc. (Nasdaq: SPGC) (“SPG” or the “Company”), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, announces that Executive Chairman Greg Campbell and Chief Financial Officer Steve Handy 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.
SPGC’s Market Performance
Sacks Parente Golf Inc (SPGC) has seen a 16.82% rise in stock performance for the week, with a -13.79% decline in the past month and a -22.77% plunge in the past quarter. The volatility ratio for the week is 7.02%, and the volatility levels for the past 30 days are at 9.42% for SPGC. The simple moving average for the past 20 days is -0.25% for SPGC’s stock, with a -53.90% simple moving average for the past 200 days.
SPGC Trading at -13.64% from the 50-Day Moving Average
After a stumble in the market that brought SPGC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -98.33% of loss for the given period.
Volatility was left at 9.42%, however, over the last 30 days, the volatility rate increased by 7.02%, as shares sank -12.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.57% lower at present.
During the last 5 trading sessions, SPGC rose by +16.82%, in comparison to the 20-day moving average, which settled at $0.4977. In addition, Sacks Parente Golf Inc saw -27.22% 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 SPGC starting from Hoge Brett Widney, who purchase 7,620 shares at the price of $1.09 back on Oct 16 ’23. After this action, Hoge Brett Widney now owns 255,400 shares of Sacks Parente Golf Inc, valued at $8,306 using the latest closing price.
Hoge Brett Widney, the Director of Sacks Parente Golf Inc, purchase 22,380 shares at $1.09 during a trade that took place back on Oct 13 ’23, which means that Hoge Brett Widney is holding 247,780 shares at $24,394 based on the most recent closing price.
Stock Fundamentals for SPGC
Current profitability levels for the company are sitting at:
- -3.59 for the present operating margin
- 0.59 for the gross margin
The net margin for Sacks Parente Golf Inc stands at -3.42. The total capital return value is set at -0.26. Equity return is now at value -213.72, with -130.21 for asset returns.
Based on Sacks Parente Golf Inc (SPGC), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -19.93. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -17.99.
Currently, EBITDA for the company is -4.58 million with net debt to EBITDA at 3.2. When we switch over and look at the enterprise to sales, we see a ratio of -11.47. The receivables turnover for the company is 11.68for trailing twelve months and the total asset turnover is 0.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 12.28.
Conclusion
To sum up, Sacks Parente Golf Inc (SPGC) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
