SG Blocks Inc. [NASDAQ: SGBX] jumped around 0.71 points on Friday, while shares priced at $2.73 at the close of the session, up 35.15%. The company report on October 16, 2020 that BLINK AND SG BLOCKS ENTER INTO STRATEGIC MASTER DEVELOPMENT AND PRODUCTION AGREEMENT TO BRING SOLAR, OFF-GRID, MODULAR EV CHARGING SOLUTIONS TO MARKET.
– Provides for Cooperative Deployment of Charging Stations with Energy Storage to Support Growing Demand for Electric Vehicles.
SG Blocks, Inc. (NASDAQ: SGBX) a leading designer, innovator and fabricator of container-based structures, and Blink Charging Co. (NASDAQ: BLNK), a leading owner and operator of electric vehicle (EV) charging equipment and services, today jointly announced that they entered into an exclusive Master Development and Production Agreement pursuant to which Blink’s EV charging solutions will be deployed along with SG Blocks’ container-based modular building structures. The Agreement brings together two industry leaders and natural allies to deploy a rapid and cost-effective innovative EV charging solution. The EV charging containers will be designed to provide off-grid charging solutions through a combined solar and battery components in multiple capacities.
SG Blocks Inc. stock is now -13.00% down from its year-to-date (YTD) trading value. SGBX Stock saw the intraday high of $3.83 and lowest of $2.61 per share. The company’s 52-week high price is 12.00, which means current price is +135.34% above from all time high which was touched on 04/01/20.
Compared to the average trading volume of 1.58M shares, SGBX reached a trading volume of 61283876 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about SG Blocks Inc. [SGBX]?
The Average True Range (ATR) for SG Blocks Inc. is set at 0.33, with the Price to Sales ratio for SGBX stock in the period of the last 12 months amounting to 13.38. The Price to Book ratio for the last quarter was 0.72, with the Price to Cash per share for the same quarter was set at 2.53.
How has SGBX stock performed recently?
SG Blocks Inc. [SGBX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 32.52. With this latest performance, SGBX shares gained by 45.21% in over the last four-week period, additionally sinking by -30.89% over the last 6 months – not to mention a drop of -65.00% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SGBX stock in for the last two-week period is set at 68.55, with the RSI for the last a single of trading hit 75.50, and the three-weeks RSI is set at 63.13 for SG Blocks Inc. [SGBX]. The present Moving Average for the last 50 days of trading for this stock 2.10, while it was recorded at 2.16 for the last single week of trading, and 2.76 for the last 200 days.
SG Blocks Inc. [SGBX]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and SG Blocks Inc. [SGBX] shares currently have an operating margin of -125.44 and a Gross Margin at -57.47. SG Blocks Inc.’s Net Margin is presently recorded at -231.86.
Return on Total Capital for SGBX is now -65.45, given the latest momentum, and Return on Invested Capital for the company is -120.99. Return on Equity for this stock declined to -120.99, with Return on Assets sitting at -78.31.
Reflecting on the efficiency of the workforce at the company, SG Blocks Inc. [SGBX] managed to generate an average of -$988,649 per employee. Receivables Turnover for the company is 1.86 with a Total Asset Turnover recorded at a value of 0.34.SG Blocks Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 8.90 and a Current Ratio set at 8.90.
Earnings analysis for SG Blocks Inc. [SGBX]
With the latest financial reports released by the company, SG Blocks Inc. posted -4.6/share EPS, while the average EPS was predicted by analysts to be reported at -1.8/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -155.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SGBX.
Insider trade positions for SG Blocks Inc. [SGBX]
There are presently around $1 million, or 15.40% of SGBX stock, in the hands of institutional investors. The top three institutional holders of SGBX stocks are: ZEKE CAPITAL ADVISORS, LLC with ownership of 199,600, which is approximately New of the company’s market cap and around 1.70% of the total institutional ownership; SCHONFELD STRATEGIC ADVISORS LLC, holding 139,400 shares of the stock with an approximate value of $0.38 million in SGBX stocks shares; and K.J. HARRISON & PARTNERS INC, currently with $0.14 million in SGBX stock with ownership of nearly New of the company’s market capitalization.
Positions in SG Blocks Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 13 institutional holders increased their position in SG Blocks Inc. [NASDAQ:SGBX] by around 507,701 shares. Additionally, 1 investors decreased positions by around 197 shares, while 2 investors held positions by with 17,539 shares. The mentioned changes placed institutional holdings at 525,437 shares, according to the latest SEC report filing. SGBX stock had 10 new institutional investments in for a total of 376,566 shares, while 1 institutional investors sold positions of 197 shares during the same period.