Is Shineco Inc. (SISI) Good For Your Portfolio?

Shineco Inc. (NASDAQ:SISI) saw an upside of 0.04% to $0.23 after subtracting $0.0 on Monday. The 5-day average trading volume is 595,863 shares of the company’s common stock. It has gained $0.2607 in the past week and touched a new high 3 times within the past 5 days. An average of 532,291 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 776,812.

SISI’s 1-month performance is -28.00% or -$0.0815 on its low of $0.2101 reached on 08/02/23. The company’s shares have touched a 52-week low of $0.21 and high of $3.50, with the stock’s rally to the 52-week high happening on 01/03/23. YTD, SISI has lost -90.32% or -$2.1414 and has reached a new high 1 time. However, the current price is down -93.42% from the 52-week high price.

Valuation Metrics

SISI stock has a beta of 0.11. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.30 while the price-to-book (PB) in the most recent quarter is 0.13.

Shineco Inc.’s quick ratio for the recent period was 1.20, with the current ratio over the same period at 2.00. In terms of profitability, the gross margin trailing 12 months is 41.10%. The trailing 12-month EBITDA margin is -864.57%. The firm’s gross profit as reported stood at -$1.61 million against revenue of $2.19 million.

Earnings Surprise

Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -8.24% to -$2.67 million, while revenue of -$2.77 million was -3.75% off the previous quarter. EBITDA for the quarter stood at more than -$1.8 million. SISI stock balance sheet for the recent quarter shows that total liabilities totaled 25.16 million, with total debt at $19.57 million. Shareholders hold equity totaling $21.09 million.

Let’s look briefly at Shineco Inc. (SISI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 August was 41.99% to suggest the stock is trending Neutral, with historical volatility in this time period at 66.19%.

The stock’s 5-day moving average is $0.2272, reflecting a +3.34% or $0.0077 change from its current price. SISI is currently trading -30.32% above its 20-day SMA, -65.43% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -54.99% and SMA200 by-71.93%.

Stochastic %K and %D was 23.57% and 16.15% and the average true range (ATR) pointed at 0.0369. The RSI (14) points at 36.12%, while the 14-day stochastic is at 37.82% with the period’s ATR at 0.0416. The stock’s 9-day MACD Oscillator is pointing at -0.0024 and -0.0097 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for SISI stock have a consensus rating for the stock as -. Currently, 0 brokerage advisors rate SISI as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.

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