The stock has a 36-month beta value of 1.90.
The public float for SAI is 5.43M, and at present, short sellers hold a 0.14% of that float. On May 01, 2024, the average trading volume of SAI was 79.04K shares.
SAI) stock’s latest price update
The stock price of SAI.TECH Global Corporation (NASDAQ: SAI) has jumped by 9.03 compared to previous close of 0.85. Despite this, the company has seen a gain of 6.52% in its stock price over the last five trading days. Proactive Investors reported 2023-07-06 that Chinese carmaker SAIC Motor has pointed to Europe for its latest electric vehicle factory, potentially marking a return to the continent for former British brand MG SAIC, which owns MG, pointed to strong demand for its electric vehicles in Europe, amid a 40% jump in sales outside of China during the first three months of the year. MGs had been built in Birmingham until 2016, but saw production moved to China by the state-owned company which dubbed the UK as was no longer “required” at the time.
SAI’s Market Performance
SAI.TECH Global Corporation (SAI) has experienced a 6.52% rise in stock performance for the past week, with a -15.75% drop in the past month, and a 5.31% rise in the past quarter. The volatility ratio for the week is 9.94%, and the volatility levels for the past 30 days are at 7.99% for SAI. The simple moving average for the past 20 days is 0.93% for SAI’s stock, with a -17.48% simple moving average for the past 200 days.
SAI Trading at -8.78% from the 50-Day Moving Average
After a stumble in the market that brought SAI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -79.77% of loss for the given period.
Volatility was left at 7.99%, however, over the last 30 days, the volatility rate increased by 9.94%, as shares sank -12.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.98% lower at present.
During the last 5 trading sessions, SAI rose by +6.53%, which changed the moving average for the period of 200-days by -54.34% in comparison to the 20-day moving average, which settled at $0.9115. In addition, SAI.TECH Global Corporation saw -22.12% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SAI
Current profitability levels for the company are sitting at:
- -1.07 for the present operating margin
- 0.07 for the gross margin
The net margin for SAI.TECH Global Corporation stands at -0.9. The total capital return value is set at -0.42.
Currently, EBITDA for the company is -5.68 million with net debt to EBITDA at 0.41. When we switch over and look at the enterprise to sales, we see a ratio of 2.91. The receivables turnover for the company is 4.62for trailing twelve months and the total asset turnover is 0.37.
Conclusion
To sum up, SAI.TECH Global Corporation (SAI) has seen a mixed 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.
