Safe & Green Holdings Corp (NASDAQ: SGBX) has experienced a decline in its stock price by -15.30 compared to its previous closing price of 1.15. However, the company has seen a fall of -13.04% in its stock price over the last five trading days. globenewswire.com reported 2024-08-14 that Gross profit increases over four-fold; operating expenses reduced 48% Reports record sales pipeline in excess of $25 million On track to achieve positive cash flow before year-end MIAMI, Aug. 14, 2024 (GLOBE NEWSWIRE) — Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures, reported results for the three months ended June 30, 2024. Key Highlights: Record sales pipeline in excess of $25 million and positive outlook for H2 2024 Gross profit margin in Q2 2024 increased to 12.7% compared to 0.7% for Q2 2023 Operating expenses declined by $2.7 million in Q2 2024 versus the same period last year Company reaffirms guidance it is on track to achieve positive cash flow before year-end Received a term sheet from a premier lender to refinance the Waldron facility on favorable terms; expected to provide non-dilutive working capital Expected receipt of Employee Retention Tax Credit (ERTC) payment within the next year, which would provide $1.4 million of non-dilutive working capital Promoted David Cross to Executive Vice President of SG Echo, LLC Completed 2024 annual audit by International Code Council (ICC) Evaluation Service and granted recertification of ESR for certification and use of shipping containers in modular construction Expanded agreement to manufacture seven additional container-based electrical distribution centers as part of a multi-unit order for a client serving the big box retailer market Granted an expanded contract, valued in excess of $1 million, to construct an additional 11 container modules and related services for a government contractor to be used by a major U.S. government agency Paul Galvin, Chairperson and Chief Executive Officer of Safe & Green Holdings commented, “We continue to execute our business strategy with a focus on profitable revenue growth and operational efficiency.
Is It Worth Investing in Safe & Green Holdings Corp (NASDAQ: SGBX) Right Now?
The 36-month beta value for SGBX is at -2.72. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for SGBX is 1.22M, and currently, shorts hold a 4.54% of that float. The average trading volume for SGBX on September 05, 2024 was 59.18K shares.
SGBX’s Market Performance
SGBX stock saw a decrease of -13.04% in the past week, with a monthly decline of -31.89% and a quarterly a decrease of -71.35%. The volatility ratio for the week is 11.95%, and the volatility levels for the last 30 days are 14.83% for Safe & Green Holdings Corp (SGBX). The simple moving average for the past 20 days is -12.03% for SGBX’s stock, with a -81.47% simple moving average for the past 200 days.
SGBX Trading at -47.02% from the 50-Day Moving Average
After a stumble in the market that brought SGBX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -96.39% of loss for the given period.
Volatility was left at 14.83%, however, over the last 30 days, the volatility rate increased by 11.95%, as shares sank -2.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -66.52% lower at present.
During the last 5 trading sessions, SGBX fell by -13.30%, which changed the moving average for the period of 200-days by -93.36% in comparison to the 20-day moving average, which settled at $1.1057. In addition, Safe & Green Holdings Corp saw -89.66% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SGBX
Current profitability levels for the company are sitting at:
- -2.04 for the present operating margin
- -0.96 for the gross margin
The net margin for Safe & Green Holdings Corp stands at -3.06. The total capital return value is set at 12.12. Equity return is now at value -8080.39, with -102.74 for asset returns.
Based on Safe & Green Holdings Corp (SGBX), the company’s capital structure generated 3.34 points at debt to capital in total, while cash flow to debt ratio is standing at -0.68. The debt to equity ratio resting at -1.43. The interest coverage ratio of the stock is 67.56.
Currently, EBITDA for the company is -15.76 million with net debt to EBITDA at -0.89. When we switch over and look at the enterprise to sales, we see a ratio of 1.7. The receivables turnover for the company is 17.16for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.33.
Conclusion
In conclusion, Safe & Green Holdings Corp (SGBX) has had a bad performance lately. Opinion on the stock among analysts is bullish, 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.
