Moreover, the 36-month beta value for SAI is 1.87.
The public float for SAI is 13.10M and currently, short sellers hold a 0.11% of that float. On June 27, 2024, SAI’s average trading volume was 33.34K shares.
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SAI) stock’s latest price update
The stock of SAI.TECH Global Corporation (NASDAQ: SAI) has increased by 18.58 when compared to last closing price of 1.04. Despite this, the company has experienced a 42.58% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-06-18 that SINGAPORE, June 18, 2024 (GLOBE NEWSWIRE) — SAI.TECH Global Corporation (“SAI.TECH” or “SAI” or the “Company”) (NASDAQ: SAI, SAITW), announced its presence at the upcoming 2024 SelectUSA Investment Summit, taking place on June 23 in Maryland, the United States. The event serves as a pivotal platform for fostering business investment, connecting thousands of investors, companies, economic development organizations (EDOs), and industry experts.
SAI’s Market Performance
SAI.TECH Global Corporation (SAI) has experienced a 42.58% rise in stock performance for the past week, with a 22.71% rise in the past month, and a 16.91% rise in the past quarter. The volatility ratio for the week is 12.12%, and the volatility levels for the past 30 days are at 10.93% for SAI. The simple moving average for the last 20 days is 29.79% for SAI stock, with a simple moving average of 24.35% for the last 200 days.
SAI Trading at 35.36% 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 -50.03% of loss for the given period.
Volatility was left at 10.93%, however, over the last 30 days, the volatility rate increased by 12.12%, as shares surge +27.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +43.13% upper at present.
During the last 5 trading sessions, SAI rose by +38.06%, which changed the moving average for the period of 200-days by unch in comparison to the 20-day moving average, which settled at $0.9678. In addition, SAI.TECH Global Corporation saw 4.13% in overturn over a single year, with a tendency to cut further gains.
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 3.91. The receivables turnover for the company is 4.62for trailing twelve months and the total asset turnover is 0.37.
Conclusion
To wrap up, the performance of SAI.TECH Global Corporation (SAI) has been better 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.
