The stock of Sacks Parente Golf Inc (SPGC) has seen a -8.47% decrease in the past week, with a -54.35% drop in the past month, and a -69.00% decrease in the past quarter. The volatility ratio for the week is 6.52%, and the volatility levels for the past 30 days are at 10.25% for SPGC. The simple moving average for the past 20 days is -25.60% for SPGC’s stock, with a -64.19% simple moving average for the past 200 days.
Is It Worth Investing in Sacks Parente Golf Inc (NASDAQ: SPGC) Right Now?
The stock has a 36-month beta value of 2.90. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for SPGC is 0.67M, and at present, short sellers hold a 1.90% of that float. On October 28, 2024, the average trading volume of SPGC was 83.75K shares.
SPGC) stock’s latest price update
The stock of Sacks Parente Golf Inc (NASDAQ: SPGC) has decreased by -5.46 when compared to last closing price of 1.83.Despite this, the company has seen a loss of -8.47% in its stock price over the last five trading days. globenewswire.com reported 2024-10-28 that CAMARILLO, CA, Oct. 28, 2024 (GLOBE NEWSWIRE) — NEWTON GOLF Company (Nasdaq: SPGC) (“NEWTON GOLF” or the “Company”), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, reports preliminary financial results for the third quarter of 2024 (three months ended September 30, 2024) ahead of its quarterly filing.
SPGC Trading at -37.72% from the 50-Day Moving Average
After a stumble in the market that brought SPGC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -81.13% of loss for the given period.
Volatility was left at 10.25%, however, over the last 30 days, the volatility rate increased by 6.52%, as shares sank -53.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -42.81% lower at present.
During the last 5 trading sessions, SPGC fell by -7.41%, which changed the moving average for the period of 200-days by -73.88% in comparison to the 20-day moving average, which settled at $2.3264. In addition, Sacks Parente Golf Inc saw -74.82% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SPGC starting from Hoge Brett Widney, who purchase 12,994 shares at the price of $3.73 back on Aug 09 ’24. After this action, Hoge Brett Widney now owns 48,514 shares of Sacks Parente Golf Inc, valued at $48,468 using the latest closing price.
Hoge Brett Widney, the Director of Sacks Parente Golf Inc, purchase 6 shares at $3.75 during a trade that took place back on Aug 08 ’24, which means that Hoge Brett Widney is holding 35,520 shares at $22 based on the most recent closing price.
Stock Fundamentals for SPGC
Current profitability levels for the company are sitting at:
- -4.03 for the present operating margin
- 0.45 for the gross margin
The net margin for Sacks Parente Golf Inc stands at -3.92. The total capital return value is set at -1.5. Equity return is now at value -891.39, with -218.46 for asset returns.
Based on Sacks Parente Golf Inc (SPGC), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -144.88. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -0.05.
Currently, EBITDA for the company is -4.58 million with net debt to EBITDA at 0.51. When we switch over and look at the enterprise to sales, we see a ratio of -0.18. The receivables turnover for the company is 8.76for trailing twelve months and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.87.
Conclusion
To sum up, Sacks Parente Golf Inc (SPGC) 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.
