Sunshine Biopharma Inc (NASDAQ: SBFM)’s stock price has plunge by 22.13relation to previous closing price of 2.44. Nevertheless, the company has seen a 30.70% surge in its stock price over the last five trading sessions. accesswire.com reported 2024-11-22 that FORT LAUDERDALE, FL / ACCESSWIRE / November 22, 2024 / Sunshine Biopharma Inc. (NASDAQ:SBFM) (the “Company”), a pharmaceutical company offering and researching life-saving medicines in a variety of therapeutic areas including oncology and antivirals today announced that its wholly owned Canadian subsidiary, Nora Pharma Inc., has launched a new generic prescription drug. The newly launched drug is Ursodiol, a generic version of URSO DS®.
Is It Worth Investing in Sunshine Biopharma Inc (NASDAQ: SBFM) Right Now?
Additionally, the 36-month beta value for SBFM is -1.00. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for SBFM is 2.00M and currently, short sellers hold a 18.71% ratio of that float. The average trading volume of SBFM on November 26, 2024 was 591.07K shares.
SBFM’s Market Performance
SBFM’s stock has seen a 30.70% increase for the week, with a 1.02% rise in the past month and a 5.67% gain in the past quarter. The volatility ratio for the week is 14.57%, and the volatility levels for the past 30 days are at 8.34% for Sunshine Biopharma Inc The simple moving average for the past 20 days is 15.25% for SBFM’s stock, with a -91.64% simple moving average for the past 200 days.
SBFM Trading at 4.15% from the 50-Day Moving Average
After a stumble in the market that brought SBFM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.53% of loss for the given period.
Volatility was left at 8.34%, however, over the last 30 days, the volatility rate increased by 14.57%, as shares surge +0.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.47% upper at present.
During the last 5 trading sessions, SBFM rose by +27.19%, which changed the moving average for the period of 200-days by -99.24% in comparison to the 20-day moving average, which settled at $2.58. In addition, Sunshine Biopharma Inc saw -99.45% 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 SBFM starting from Slilaty Steve N., who purchase 100,000 shares at the price of $0.10 back on Mar 04 ’24. After this action, Slilaty Steve N. now owns 130,000 shares of Sunshine Biopharma Inc, valued at $10,000 using the latest closing price.
Slilaty Steve N., the Chief Executive Officer of Sunshine Biopharma Inc, purchase 20,000 shares at $0.10 during a trade that took place back on Feb 08 ’24, which means that Slilaty Steve N. is holding 30,000 shares at $2,000 based on the most recent closing price.
Stock Fundamentals for SBFM
Current profitability levels for the company are sitting at:
- -0.14 for the present operating margin
- 0.3 for the gross margin
The net margin for Sunshine Biopharma Inc stands at -0.13. The total capital return value is set at -0.18. Equity return is now at value -17.98, with -14.65 for asset returns.
Currently, EBITDA for the company is -3.82 million with net debt to EBITDA at 2.9. When we switch over and look at the enterprise to sales, we see a ratio of -0.19. The receivables turnover for the company is 10.24for trailing twelve months and the total asset turnover is 1.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.74.
Conclusion
In conclusion, Sunshine Biopharma Inc (SBFM) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
