At the last check on Thursday, Safe & Green Holdings Corp.’s (NASDAQ:SGBX) stock was up $0.28, moving up 17.72 percent to $1.86. The average number of shares traded per day over the past five days has been 621,579 shares. 4 times new highs have been achieved over the past 5 days, with a $0.5007 gain in that time frame. In the last twenty days, the average volume was 191,575, while in the previous 50 days, it was 102,978.
Since last month, SGBX stock rose 51.22%. Shares of the company fell to $1.1540 on 08/24/23, the lowest level in the past month. A 52-week high of $2.09 was reached on 09/21/23 after having rallying from a 52-week low of $0.74. Since the beginning of this year, SGBX’s stock price has risen by 35.77% or $0.4307, and marked a new high 7 times. However, the stock has declined by -11.00% since its 52-week high.
Valuation Metrics
The stock’s beta is -2.82. Besides these, the trailing price-to-sales (P/S) ratio of 1.35, the price-to-book (PB) ratio of 2.82.
Financial Health
In the three months ended June 29, Safe & Green Holdings Corp.’s quick ratio stood at 0.60, while its current ratio was 0.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.31, and the total debt-to-equity ratio was 1.08. On the profitability front, the trailing twelve-month gross margin is -0.20% percent. In the year ended June 29, EBITDA margin amounted to -27.12%, whereas operating margins totaled -80.80%. Based on annual data, SGBX earned $3.25 million in gross profit and brought in $24.39 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 -36.10%. Return on equity (ROE) for the past 12 months was -111.10%.
In Safe & Green Holdings Corp.’s quarter-end financial report for June 29, it reported total debt of $2.5 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SGBX’s revenue fell -48.04% to $5.5 million during the quarter, while net income inched up to $5.1 million. While analysts expected Safe & Green Holdings Corp. to report -$0.23 quarterly earnings, the actual figure was -$0.37 per share, beating the consensus estimate by -60.90%. During the quarter, the company generated -$4.79 million in EBITDA. The liabilities of Safe & Green Holdings Corp. were 18.54 million at the end of its most recent quarter ended June 29, and its total debt was $11.32 million. The value of shareholders’ equity is $16.02 million.
Technical Picture
This quick technical analysis looks at Safe & Green Holdings Corp.’s (SGBX) price momentum. With a historical volatility rate of 137.06%, the RSI 9-day stood at 72.96% on 20 September.
With respect to its five-day moving average, the current Safe & Green Holdings Corp. price is up by +38.52% percent or $0.5007. At present, SGBX shares trade +40.68% above its 20-day simple moving average and +98.31% percent above its 100-day simple moving average. However, the stock is currently trading approximately +51.32% above its SMA50 and +39.59% above its SMA200.
Stochastic coefficient K was 68.42% and Stochastic coefficient D was 55.73%, while ATR was 0.1762. Given the Stochastic reading of 85.18% for the 14-day period, the RSI (14) reading has been calculated as 70.15%. As of today, the MACD Oscillator reading stands at 0.1440, while the 14-day reading stands at 0.1517.
Analyst Ratings
Safe & Green Holdings Corp. (SGBX) has been rated Buy by analysts. According to 0 brokerage firms, SGBX is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Safe & Green Holdings Corp. stock as buy, with 1 recommending it as overweight.
With a median target price of $6.00, the current consensus forecast for the stock is $6.00 – $6.00. Based on these forecasts, analysts predict Safe & Green Holdings Corp. (SGBX) will achieve an average price target of $6.00.
