Analysts Issue Research Notes On Shineco Inc. (SISI)

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Shineco Inc. (NASDAQ:SISI) finished Wednesday with a subtraction of -$1.2 to close at $2.09, a downside of -36.47 percent. An average of 419,480 shares of common stock have been traded in the last five days. There was a fall of -$0.89 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 513,335 shares traded, while the 50-day average volume stands at 228,720.

SISI stock has increased by 154.91% in the last month. The company shares reached their 1-month lowest point of $0.70 on 12/02/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $0.57 and a high of $7.05 in 52 weeks. It has reached a new high 1 time so far this year and lost -68.52% or -$4.55 in price. In spite of this, the price is down -70.35% from the 52-week high.


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Valuation Metrics

Shineco Inc. (SISI) stock’s beta is 0.04. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 13.79, the price-to-book (PB) ratio at 0.85.

Financial Health

The quick ratio of Shineco Inc. for the recent quarter was 1.80, and the current ratio was 2.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.40 for the recent quarter. Its gross profit as reported stood at -$1.61 million compared to revenue of $2.19 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Shineco Inc.’s return on assets was -22.70%.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$2.44 million in the quarter, while revenues were grew 100.0%. Shareholders own equity worth $16.4 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Shineco Inc. (SISI) price momentum. RSI 9-day as of the close on 28 December was 44.79%, suggesting the stock is Neutral, with historical volatility in this time frame at 253.91%.

As of today, SISI’s price is $2.94 -29.87% or -$0.89 from its 5-day moving average. SISI is currently trading +151.84% higher than its 20-day SMA and +117.17% higher than its 100-day SMA. However, the stock’s current price level is +154.91% above the SMA50 and -45.57% below the SMA200.

The stochastic %K and %D were 78.40% and 91.14%, respectively, and the average true range (ATR) was 0.51. With the 14-day stochastic at 43.37% and the average true range at 0.41, the RSI (14) stands at 51.46%. The stock has reached 0.02 on the 9-day MACD Oscillator while the 14-day reading was at 0.48.

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