Shineco Inc. (NASDAQ:SISI) saw a downside of -0.82% to close Monday at $0.18 after subtracting $0.0 on the day. The 5-day average trading volume is 2,083,900 shares of the company’s common stock. It has gained $0.2880 in the past week and touched a new high 2 times within the past 5 days. An average of 822,445 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,016,304.
SISI’s 1-month performance is -31.59% or -$0.0838 on its low of $0.1751 reached on 08/21/23. The company’s shares have touched a 52-week low of $0.18 and high of $3.50, with the stock’s rally to the 52-week high happening on 01/03/23. YTD, SISI has lost -92.37% or -$2.1984 and has reached a new high 1 time. However, the current price is down -94.81% from the 52-week high price.
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Valuation Metrics
SISI stock has a beta of 0.17. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.93 while the price-to-book (PB) in the most recent quarter is 0.10.
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 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 21 August was 29.25% to suggest the stock is trending oversold, with historical volatility in this time period at 78.01%.
The stock’s 5-day moving average is $0.1846, reflecting a -16.17% or -$0.0350 change from its current price. SISI is currently trading -18.72% above its 20-day SMA, -69.80% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -61.38% and SMA200 by-81.85%.
Stochastic %K and %D was 7.66% and 8.21% and the average true range (ATR) pointed at 0.0379. The RSI (14) points at 29.64%, while the 14-day stochastic is at 5.67% with the period’s ATR at 0.0392. The stock’s 9-day MACD Oscillator is pointing at -0.0115 and -0.0214 on the 14-day charts.
