The stock has a 36-month beta value of 1.07. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SGLY is 3.50M, and at present, short sellers hold a 5.87% of that float. On September 25, 2024, the average trading volume of SGLY was 215.35K shares.
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SGLY) stock’s latest price update
Singularity Future Technology Ltd (NASDAQ: SGLY) has experienced a decline in its stock price by -11.52 compared to its previous closing price of 1.65. However, the company has seen a fall of -6.01% in its stock price over the last five trading days. globenewswire.com reported 2024-01-30 that Great Neck, N.Y., Jan. 30, 2024 (GLOBE NEWSWIRE) — Singularity Future Technology Ltd. (Nasdaq: SGLY) (“Singularity” or the “Company”) today announced a 1-for-10 reverse stock split of its Common Stock, effective on February 9, 2024. Beginning on February 12, 2024, the Company’s Common Stock will trade on The Nasdaq Stock Market on a split adjusted basis. Trading in the common stock will continue on the Nasdaq Stock Market under the symbol “SGLY”. The new CUSIP number for the common stock following the reverse stock split will be 82935V 307.
SGLY’s Market Performance
SGLY’s stock has fallen by -6.01% in the past week, with a monthly drop of -66.86% and a quarterly drop of -66.05%. The volatility ratio for the week is 24.38% while the volatility levels for the last 30 days are 36.91% for Singularity Future Technology Ltd The simple moving average for the past 20 days is -53.56% for SGLY’s stock, with a -66.72% simple moving average for the past 200 days.
SGLY Trading at -59.55% from the 50-Day Moving Average
After a stumble in the market that brought SGLY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -81.75% of loss for the given period.
Volatility was left at 36.91%, however, over the last 30 days, the volatility rate increased by 24.38%, as shares sank -67.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -69.96% lower at present.
During the last 5 trading sessions, SGLY fell by -6.01%, which changed the moving average for the period of 200-days by -69.77% in comparison to the 20-day moving average, which settled at $2.9952. In addition, Singularity Future Technology Ltd saw -72.96% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SGLY
Current profitability levels for the company are sitting at:
- -2.77 for the present operating margin
- -0.11 for the gross margin
The net margin for Singularity Future Technology Ltd stands at -2.55. The total capital return value is set at -0.64. Equity return is now at value -53.18, with -39.89 for asset returns.
Based on Singularity Future Technology Ltd (SGLY), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -13.74. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 1.09.
Currently, EBITDA for the company is -5.63 million with net debt to EBITDA at 1.94. When we switch over and look at the enterprise to sales, we see a ratio of -3.61. The receivables turnover for the company is 10.34for trailing twelve months and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.94.
Conclusion
To sum up, Singularity Future Technology Ltd (SGLY) 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.
