The stock of Safe and Green Development Corp (SGD) has gone down by -11.87% for the week, with a -32.07% drop in the past month and a -39.46% drop in the past quarter. The volatility ratio for the week is 11.31%, and the volatility levels for the past 30 days are 10.54% for SGD. The simple moving average for the past 20 days is -18.20% for SGD’s stock, with a -56.90% simple moving average for the past 200 days.
Is It Worth Investing in Safe and Green Development Corp (NASDAQ: SGD) Right Now?
Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SGD is 3.95M, and currently, shorts hold a 4.21% of that float. The average trading volume for SGD on May 02, 2024 was 1.55M shares.
SGD) stock’s latest price update
The stock price of Safe and Green Development Corp (NASDAQ: SGD) has dropped by -7.17 compared to previous close of 0.60. Despite this, the company has seen a fall of -11.87% in its stock price over the last five trading days. InvestorPlace reported 2024-03-08 that The market has been bumpy today, with certain top growth stocks selling off on economic news. However, for investors in small-cap stocks, there are a few pockets of green worth exploring.
SGD Trading at -28.30% from the 50-Day Moving Average
After a stumble in the market that brought SGD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -94.67% of loss for the given period.
Volatility was left at 10.54%, however, over the last 30 days, the volatility rate increased by 11.31%, as shares sank -28.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.38% lower at present.
During the last 5 trading sessions, SGD fell by -11.87%, in comparison to the 20-day moving average, which settled at $0.6698. In addition, Safe and Green Development Corp saw -60.21% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SGD
The total capital return value is set at -4.75.
Based on Safe and Green Development Corp (SGD), the company’s capital structure generated 0.78 points at debt to capital in total, while cash flow to debt ratio is standing at -0.67. The debt to equity ratio resting at 3.61. The interest coverage ratio of the stock is -7.61.
Currently, EBITDA for the company is -11.81 million with net debt to EBITDA at -0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.03.
Conclusion
In conclusion, Safe and Green Development Corp (SGD) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
