Can Shineco Inc. (SISI) Add Value To Your Portfolio?

As of Friday close, Shineco Inc.’s (NASDAQ:SISI) stock was up $0.02, moving up 16.57 percent to $0.16. The average number of shares traded per day over the past five days has been 1,976,580 shares. 2 times new highs have been achieved over the past 5 days, with a $0.0212 gain in that time frame. In the last twenty days, the average volume was 3,395,325, while in the previous 50 days, it was 1,944,260.

Since last month, SISI stock retreated -15.95%. Shares of the company fell to $0.1094 on 09/07/23, the lowest level in the past month. A 52-week high of $3.50 was reached on 01/03/23 after having rallying from a 52-week low of $0.11. Since the beginning of this year, SISI’s stock price has dropped by -93.29% or -$2.2202, and marked a new high 1 time. However, the stock has declined by -95.44% since its 52-week high.

Valuation Metrics

The stock’s beta is 0.17. Besides these, the trailing price-to-sales (P/S) ratio of 1.56, the price-to-book (PB) ratio of 0.09.

Financial Health

In the recent quarter, Shineco Inc.’s quick ratio stood at 1.20, while its current ratio was 2.00, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 41.10% percent. Based on annual data, SISI earned -$1.61 million in gross profit and brought in $2.19 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 -47.60%. Return on equity (ROE) for the past 12 months was -41.10%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SISI’s revenue rose 10.14% to $0.54 million during the quarter, while net income inched up to $0.69 million. During the quarter, the company generated -$1.8 million in EBITDA. The liabilities of Shineco Inc. were 25.16 million at the end of its most recent quarter, and its total debt was $19.57 million. The value of shareholders’ equity is $21.09 million.

Technical Picture

This quick technical analysis looks at Shineco Inc.’s (SISI) price momentum. With a historical volatility rate of 124.52%, the RSI 9-day stood at 61.00% on 22 September.

With respect to its five-day moving average, the current Shineco Inc. price is up by +15.31% percent or $0.0212. At present, SISI shares trade -4.43% below its 20-day simple moving average and -74.65% percent below its 100-day simple moving average. However, the stock is currently trading approximately -47.81% below its SMA50 and -80.76% below its SMA200.

Stochastic coefficient K was 71.29% and Stochastic coefficient D was 61.85%, while ATR was 0.0210. Given the Stochastic reading of 90.47% for the 14-day period, the RSI (14) reading has been calculated as 51.65%.

Analyst Ratings

Shineco Inc. (SISI) has been rated – by analysts. According to 0 brokerage firms, SISI 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 Shineco Inc. stock as buy, with 0 recommending it as overweight.

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