Safe and Green Development Corp [NASDAQ: SGD] gained 58.81% or 0.23 points to close at $0.62 with a heavy trading volume of 69596215 shares.
The daily chart for SGD points out that the company has recorded -9.88% loss over the past six months.
If we look at the average trading volume of 1.77M shares, SGD reached to a volume of 69596215 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Safe and Green Development Corp [SGD]:
The Average True Range (ATR) for Safe and Green Development Corp is set at 0.13 The Price to Book ratio for the last quarter was 3.28, with the Price to Cash per share for the same quarter was set at 0.00.
Trading performance analysis for SGD stock
Safe and Green Development Corp [SGD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.31. With this latest performance, SGD shares dropped by -17.37% in over the last four-week period, additionally sinking by -9.88% over the last 6 months.
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 SGD stock in for the last two-week period is set at 47.79, with the RSI for the last a single of trading hit 50.79, and the three-weeks RSI is set at 46.01 for Safe and Green Development Corp [SGD]. The present Moving Average for the last 50 days of trading for this stock 0.7559, while it was recorded at 0.5566 for the last single week of trading.
Safe and Green Development Corp [SGD]: A deeper dive into fundamental analysis
Safe and Green Development Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.03 and a Current Ratio set at 0.03.
An analysis of Institutional ownership at Safe and Green Development Corp [SGD]
The top three institutional holders of SGD stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in SGD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in SGD stock with ownership which is approximately 5.8386%.
