Singularity Future Technology Ltd [NASDAQ: SGLY] surged by $1.54 during the normal trading session on while it closed the day at $5.86.
Singularity Future Technology Ltd stock has also gained 48.73% of its value over the past 7 days. However, SGLY stock has inclined by 25.34% in the 3 months of the year. Over the past six months meanwhile, it has gained 109.29% and gained 8.52% year-on date.
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The market cap for SGLY stock reached $20.51 million, with 3.50 million shares outstanding and 3.50 million shares in the current float. Compared to the average trading volume of 39.10K shares, SGLY reached a trading volume of 3726177 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Singularity Future Technology Ltd [SGLY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SGLY shares is $1.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SGLY stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Singularity Future Technology Ltd is set at 0.70, with the Price to Sales ratio for SGLY stock in the period of the last 12 months amounting to 6.09. The Price to Book ratio for the last quarter was 1.21, with the Price to Cash per share for the same quarter was set at 5.07.
SGLY stock trade performance evaluation
Singularity Future Technology Ltd [SGLY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 48.73. With this latest performance, SGLY shares gained by 38.26% in over the last four-week period, additionally plugging by 109.29% over the last 6 months – not to mention a rise of 22.08% 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 SGLY stock in for the last two-week period is set at 73.42, with the RSI for the last a single of trading hit 82.17, and the three-weeks RSI is set at 67.14 for Singularity Future Technology Ltd [SGLY]. The present Moving Average for the last 50 days of trading for this stock 4.32, while it was recorded at 4.67 for the last single week of trading, and 4.56 for the last 200 days.
Singularity Future Technology Ltd [SGLY]: An insightful look at the core fundamentals
Singularity Future Technology Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.94 and a Current Ratio set at 3.94.
Singularity Future Technology Ltd [SGLY]: Institutional Ownership
There are presently around $0.65%, or 0.65%% of SGLY stock, in the hands of institutional investors.
