Shineco Inc (SISI) Shares: Cheap or Risky?

Shineco Inc (NASDAQ:SISI) saw a downside of -0.64% to $0.14 after subtracting $0.0 on Wednesday. The 5-day average trading volume is 1,730,931 shares of the company’s common stock. It has gained $0.1650 in the past week and touched a new high 2 times within the past 5 days. An average of 1,792,303 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,966,991.

SISI’s 1-month performance is -2.20% or -$0.0166 on its low of $0.1094 reached on 09/07/23. The company’s shares have touched a 52-week low of $0.11 and high of $3.50, with the stock’s rally to the 52-week high happening on 01/03/23. YTD, SISI has lost -94.13% or -$2.2475 and has reached a new high 1 time. However, the current price is down -96.01% from the 52-week high price.

Valuation Metrics

SISI stock has a beta of 0.16. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.50 while the price-to-book (PB) in the most recent quarter is 0.07.

Shineco Inc’s quick ratio for the recent period was 1.19, with the current ratio over the same period at 2.03. 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 26 September was 44.39% to suggest the stock is trending Neutral, with historical volatility in this time period at 135.72%.

The stock’s 5-day moving average is $0.1428, reflecting a +1.61% or $0.0021 change from its current price. SISI is currently trading -12.89% above its 20-day SMA, -78.44% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -49.29% and SMA200 by-87.39%.

Stochastic %K and %D was 50.98% and 64.98% and the average true range (ATR) pointed at 0.0194. The RSI (14) points at 42.05%, while the 14-day stochastic is at 34.41% with the period’s ATR at 0.0219. The stock’s 9-day MACD Oscillator is pointing at 0.0003 and 0.0043 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.

Most Popular

Related Posts