Soligenix Inc. (SNGX) Is A Stock You Should Watch

At the last check on Thursday, Soligenix Inc.’s (NASDAQ:SNGX) stock traded at $0.60. The average number of shares traded per day over the past five days has been 322,858 shares. 2 times new highs have been achieved over the past 5 days, with a $0.0487 gain in that time frame. In the last twenty days, the average volume was 133,504, while in the previous 50 days, it was 141,636.

Since last month, SNGX stock rose 14.87%. Shares of the company fell to $0.5000 on 05/25/22, the lowest level in the past month. A 52-week high of $1.32 was reached on 01/04/22 after having rallying from a 52-week low of $0.38. Since the beginning of this year, SNGX’s stock price has dropped by -9.34% or -$0.0501, and marked a new high 2 times. However, the stock has declined by -54.53% since its 52-week high.

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Soligenix Inc. (SNGX) last reported insider trading activity 36 days ago on May 18. Straube Richard, the SENIOR VICE PRESIDENT AND CMO of the company, purchased of 8,000 shares for $0.50 on May 18. It resulted in a $4,000 investment by the insider. SCHABER CHRISTOPHER J added 20,000 shares at an average price of $0.44 on May 18. The insider now owns 90,095 shares following the transaction. On Dec 17, CHAIRMAN, CEO AND PRESIDENT SCHABER CHRISTOPHER J bought 7,000 shares at $0.74 apiece. The transaction was valued at $5,179.

Valuation Metrics

The stock’s beta is 1.10. Besides these, the trailing price-to-sales (P/S) ratio of 30.57, the price-to-book (PB) ratio of 3.99.

Financial Health

In the three months ended December 30, Soligenix Inc.’s quick ratio stood at 3.20, while its current ratio was 3.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 1.50. On the profitability front, the trailing twelve-month gross margin is 19.20% percent. Based on annual data, SNGX earned $96000.0 in gross profit and brought in $0.82 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -57.50%. Return on equity (ROE) for the past 12 months was -121.30%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SNGX’s revenue fell -142.86% to $0.15 million during the quarter, while net income inched up to $0.21 million. While analysts expected Soligenix Inc. to report -$0.08 quarterly earnings, the actual figure was -$0.11 per share, beating the consensus estimate by -37.50%. During the quarter, the company generated -$4.18 million in EBITDA. The liabilities of Soligenix Inc. were 17.09 million at the end of its most recent quarter ended December 30, and its total debt was $9.96 million. The value of shareholders’ equity is $43.05 million.

Technical Picture

This quick technical analysis looks at Soligenix Inc.’s (SNGX) price momentum. With a historical volatility rate of 94.29%, the RSI 9-day stood at 60.50% on 22 June.

With respect to its five-day moving average, the current Soligenix Inc. price is up by +8.67% percent or $0.0487. At present, SNGX shares trade +7.00% above its 20-day simple moving average and -1.02% percent below its 100-day simple moving average. However, the stock is currently trading approximately -18.64% below its SMA50 and -44.02% below its SMA200.

Stochastic coefficient K was 58.79% and Stochastic coefficient D was 56.51%, while ATR was 0.0668. Given the Stochastic reading of 62.94% for the 14-day period, the RSI (14) reading has been calculated as 57.41%. As of today, the MACD Oscillator reading stands at 0.0173, while the 14-day reading stands at 0.0367.

Analyst Ratings

Soligenix Inc. downgraded its rating on Soligenix Inc. (NASDAQ: SNGX) to a Neutral in a note to investors on July 28, 2020. The analysts firm previously had a Buy rating on the stock.Soligenix Inc. (SNGX) has been rated Overweight by analysts. According to 0 brokerage firms, SNGX is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Soligenix Inc. stock as buy, with 1 recommending it as overweight.

With a median target price of $3.75, the current consensus forecast for the stock is $3.75 – $3.75. Based on these forecasts, analysts predict Soligenix Inc. (SNGX) will achieve an average price target of $3.75.


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