The stock of Singularity Future Technology Ltd (NASDAQ: SGLY) has decreased by -6.32 when compared to last closing price of 0.95.Despite this, the company has seen a loss of -14.42% in its stock price over the last five trading days. globenewswire.com reported 2025-01-24 that New York, N.Y., Jan. 24, 2025 (GLOBE NEWSWIRE) — Singularity Future Technology Ltd. (Nasdaq: SGLY) (“Singularity” or the “Company”), today announced that it has entered into securities purchase agreements with several institutional investors to purchase an aggregate of 700,000 shares of the Company’s common stock (the “Common Stock”) in a registered direct offering. The shares of Common Stock are being sold at an offering price of $1.63 per share.
Is It Worth Investing in Singularity Future Technology Ltd (NASDAQ: SGLY) Right Now?
Company’s 36-month beta value is 0.90.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SGLY is 4.20M, and currently, short sellers hold a 1.15% ratio of that floaft. The average trading volume of SGLY on February 13, 2025 was 1.14M shares.
SGLY’s Market Performance
SGLY stock saw a decrease of -14.42% in the past week, with a monthly decline of -62.76% and a quarterly a decrease of -47.02%. The volatility ratio for the week is 12.82%, and the volatility levels for the last 30 days are 29.98% for Singularity Future Technology Ltd (SGLY). The simple moving average for the past 20 days is -46.65% for SGLY’s stock, with a -70.01% simple moving average for the past 200 days.
SGLY Trading at -48.23% 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 -88.37% of loss for the given period.
Volatility was left at 29.98%, however, over the last 30 days, the volatility rate increased by 12.82%, as shares sank -63.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -46.39% lower at present.
During the last 5 trading sessions, SGLY fell by -14.42%, which changed the moving average for the period of 200-days by -81.06% in comparison to the 20-day moving average, which settled at $1.6683. In addition, Singularity Future Technology Ltd saw -45.06% 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:
- -1.68 for the present operating margin
- -0.23 for the gross margin
The net margin for Singularity Future Technology Ltd stands at -1.38. The total capital return value is set at -0.38. Equity return is now at value -31.58, with -24.81 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 -9.89.
Currently, EBITDA for the company is -5.72 million with net debt to EBITDA at 3.22. When we switch over and look at the enterprise to sales, we see a ratio of -3.87. The receivables turnover for the company is 4.4for trailing twelve months and the total asset turnover is 0.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.77.
Conclusion
In a nutshell, Singularity Future Technology Ltd (SGLY) has experienced a bad performance in recent times. The stock has received mixed “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.
