SGOCO Group Ltd. [SGOC] Stock trading around $9.79 per share: What’s Next?

SGOCO Group Ltd. [NASDAQ: SGOC] stock went on an upward path that rose over 279.46% on Friday, amounting to a one-week price increase of more than 232.99%. The company report on May 21, 2021 that SGOCO Announces Receipt of Deficiency Letter from Nasdaq.

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SGOCO Group, Ltd. (“SGOCO” or the “Company”) (Nasdaq: SGOC), announced that it received a notification letter dated May 18, 2020 (the “Deficiency Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the “Nasdaq”) notifying that the Company is no longer in compliance with the Nasdaq Listing Rule 5250(c)(1) for continued listing due to its failure to timely file its annual report on Form 20-F for the year ended December 31, 2020 (the “Annual Report”) with the U.S. Securities and Exchange Commission.

Under the Nasdaq Listing Rule 5810(c)(2)(F)(i), the Company has until July 16, 2021 (that is, 60 calendar days from the date of the Deficiency Letter) to submit to Nasdaq a plan (the “Compliance Plan”) to regain compliance with the Nasdaq Listing Rules. The Company intends to submit the Compliance Plan as soon as practicable.

Over the last 12 months, SGOC stock rose by 793.98%.

The market cap for the stock reached $259.53 million, with 100.89 million shares outstanding and 29.54 million shares in the current float. Compared to the average trading volume of 207.29K shares, SGOC stock reached a trading volume of 123362381 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on SGOCO Group Ltd. [SGOC]:

The Average True Range (ATR) for SGOCO Group Ltd. is set at 1.57, with the Price to Sales ratio for SGOC stock in the period of the last 12 months amounting to 48.97. The Price to Book ratio for the last quarter was 13.99, with the Price to Cash per share for the same quarter was set at 0.11.

SGOC Stock Performance Analysis:

SGOCO Group Ltd. [SGOC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 232.99. With this latest performance, SGOC shares gained by 351.15% in over the last four-week period, additionally plugging by 548.34% over the last 6 months – not to mention a rise of 793.98% 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 SGOC stock in for the last two-week period is set at 92.88, with the RSI for the last a single of trading hit 94.48, and the three-weeks RSI is set at 91.13 for SGOCO Group Ltd. [SGOC]. The present Moving Average for the last 50 days of trading for this stock 2.14, while it was recorded at 4.00 for the last single week of trading, and 1.66 for the last 200 days.

Insight into SGOCO Group Ltd. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and SGOCO Group Ltd. [SGOC] shares currently have an operating margin of -35.66 and a Gross Margin at +25.45. SGOCO Group Ltd.’s Net Margin is presently recorded at -351.10.

Return on Total Capital for SGOC is now -1.30, given the latest momentum, and Return on Invested Capital for the company is -14.62. Return on Equity for this stock declined to -15.01, with Return on Assets sitting at -11.71. When it comes to the capital structure of this company, SGOCO Group Ltd. [SGOC] has a Total Debt to Total Equity ratio set at 9.10. Additionally, SGOC Total Debt to Total Capital is recorded at 8.34, with Total Debt to Total Assets ending up at 7.79. Long-Term Debt to Equity for the company is recorded at 5.34, with the Long-Term Debt to Total Capital now at 4.89.

Reflecting on the efficiency of the workforce at the company, SGOCO Group Ltd. [SGOC] managed to generate an average of -$1,763,455 per employee. Receivables Turnover for the company is 0.17 with a Total Asset Turnover recorded at a value of 0.03.SGOCO Group Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.40 and a Current Ratio set at 3.40.

SGOCO Group Ltd. [SGOC] Insider Position Details

There are presently around $3 million, or 0.30% of SGOC stock, in the hands of institutional investors. The top three institutional holders of SGOC stocks are: INVESCO LTD. with ownership of 82,408, which is approximately New of the company’s market cap and around 56.30% of the total institutional ownership; HRT FINANCIAL LP, holding 66,388 shares of the stock with an approximate value of $0.65 million in SGOC stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $0.58 million in SGOC stock with ownership of nearly 345.243% of the company’s market capitalization.

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8 institutional holders increased their position in SGOCO Group Ltd. [NASDAQ:SGOC] by around 298,374 shares. Additionally, 4 investors decreased positions by around 33,700 shares, while 0 investors held positions by with 3,059 shares. The mentioned changes placed institutional holdings at 329,015 shares, according to the latest SEC report filing. SGOC stock had 6 new institutional investments in for a total of 196,973 shares, while 3 institutional investors sold positions of 20,354 shares during the same period.

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