The stock price of Singularity Future Technology Ltd (NASDAQ: SGLY) has jumped by 17.61 compared to previous close of 1.76. Despite this, the company has seen a gain of 20.00% 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.
Is It Worth Investing in Singularity Future Technology Ltd (NASDAQ: SGLY) Right Now?
Moreover, the 36-month beta value for SGLY is 1.07. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for SGLY is 3.50M and currently, short sellers hold a 1.68% of that float. On November 14, 2024, SGLY’s average trading volume was 220.11K shares.
SGLY’s Market Performance
The stock of Singularity Future Technology Ltd (SGLY) has seen a 20.00% increase in the past week, with a 36.18% rise in the past month, and a -30.77% fall in the past quarter. The volatility ratio for the week is 11.67%, and the volatility levels for the past 30 days are at 8.70% for SGLY. The simple moving average for the past 20 days is 22.09% for SGLY’s stock, with a -44.21% simple moving average for the past 200 days.
SGLY Trading at 21.77% 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 -72.94% of loss for the given period.
Volatility was left at 8.70%, however, over the last 30 days, the volatility rate increased by 11.67%, as shares surge +30.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -69.24% lower at present.
During the last 5 trading sessions, SGLY rose by +20.00%, which changed the moving average for the period of 200-days by -62.18% in comparison to the 20-day moving average, which settled at $1.7000. In addition, Singularity Future Technology Ltd saw -61.67% 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:
- -1.89 for the present operating margin
- -0.15 for the gross margin
The net margin for Singularity Future Technology Ltd stands at -1.63. The total capital return value is set at -0.44. Equity return is now at value -37.59, with -26.91 for asset returns.
Currently, EBITDA for the company is -5.32 million with net debt to EBITDA at 2.54. When we switch over and look at the enterprise to sales, we see a ratio of -2.26. The receivables turnover for the company is 11.71for trailing twelve months and the total asset turnover is 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.42.
Conclusion
To wrap up, the performance of Singularity Future Technology Ltd (SGLY) has been mixed 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.
