SOS Limited [NYSE: SOS] slipped around -0.11 points on Tuesday, while shares priced at $2.56 at the close of the session, down -4.12%. The company report on June 21, 2021 that SOS Ltd. Enters Into a Joint Venture Agreement with Niagara Development and Accelerates its Blockchain Operations into the US.
SOS Limited (NYSE: SOS) (the “Company”or “SOS”) announced that it has entered into a joint venture agreement with Niagara Development LLC (“Niagara Development”), a New Jersey limited liability company, for a joint venture to be based in Niagara, Wisconsin.
The joint venture, FD LLC, is expected to carry out crypto-currency mining operations and construct an international standardized Digital Super Computing Custody Operation Center.
SOS Limited stock is now 72.97% up from its year-to-date (YTD) trading value. SOS Stock saw the intraday high of $2.67 and lowest of $2.55 per share. The company’s 52-week high price is 15.88, which means current price is +96.92% above from all time high which was touched on 02/17/21.
Compared to the average trading volume of 16.33M shares, SOS reached a trading volume of 7773570 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about SOS Limited [SOS]?
The Average True Range (ATR) for SOS Limited is set at 0.25, with the Price to Sales ratio for SOS stock in the period of the last 12 months amounting to 9.63. The Price to Book ratio for the last quarter was 1.38, with the Price to Cash per share for the same quarter was set at 0.02.
How has SOS stock performed recently?
SOS Limited [SOS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.29. With this latest performance, SOS shares dropped by -17.95% in over the last four-week period, additionally sinking by -20.50% over the last 6 months – not to mention a rise of 5.57% 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 SOS stock in for the last two-week period is set at 42.35, with the RSI for the last a single of trading hit 43.44, and the three-weeks RSI is set at 41.97 for SOS Limited [SOS]. The present Moving Average for the last 50 days of trading for this stock 3.18, while it was recorded at 2.63 for the last single week of trading, and 3.67 for the last 200 days.
SOS Limited [SOS]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and SOS Limited [SOS] shares currently have an operating margin of +20.06 and a Gross Margin at +25.84. SOS Limited’s Net Margin is presently recorded at +9.72.
Return on Total Capital for SOS is now 29.04, given the latest momentum, and Return on Invested Capital for the company is 14.32. Return on Equity for this stock inclined to 14.96, with Return on Assets sitting at 7.03. When it comes to the capital structure of this company, SOS Limited [SOS] has a Total Debt to Total Equity ratio set at 5.95. Additionally, SOS Total Debt to Total Capital is recorded at 5.61, with Total Debt to Total Assets ending up at 5.14. Long-Term Debt to Equity for the company is recorded at 4.56, with the Long-Term Debt to Total Capital now at 4.31.
Reflecting on the efficiency of the workforce at the company, SOS Limited [SOS] managed to generate an average of $39,088 per employee. Receivables Turnover for the company is 1.44 with a Total Asset Turnover recorded at a value of 0.72.
Insider trade positions for SOS Limited [SOS]
There are presently around $12 million, or 4.10% of SOS stock, in the hands of institutional investors. The top three institutional holders of SOS stocks are: SUSQUEHANNA INTERNATIONAL GROUP, LLP with ownership of 1,730,564, which is approximately 7597.211% of the company’s market cap and around 2.32% of the total institutional ownership; MORGAN STANLEY, holding 387,868 shares of the stock with an approximate value of $0.99 million in SOS stocks shares; and VIRTU FINANCIAL LLC, currently with $0.83 million in SOS stock with ownership of nearly New of the company’s market capitalization.
Positions in SOS Limited stocks held by institutional investors increased at the end of September and at the time of the September reporting period, where 46 institutional holders increased their position in SOS Limited [NYSE:SOS] by around 4,405,960 shares. Additionally, 11 investors decreased positions by around 160,660 shares, while 6 investors held positions by with 74,423 shares. The mentioned changes placed institutional holdings at 4,492,197 shares, according to the latest SEC report filing. SOS stock had 43 new institutional investments in for a total of 2,309,459 shares, while 6 institutional investors sold positions of 76,780 shares during the same period.