Singularity Future Technology Ltd [NASDAQ: SGLY] slipped around -4.25 points on Thursday, while shares priced at $2.48 at the close of the session, down -63.15%.
Compared to the average trading volume of 120.27K shares, SGLY reached a trading volume of 2534635 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus 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 1.16, with the Price to Sales ratio for SGLY stock in the period of the last 12 months amounting to 2.58. The Price to Book ratio for the last quarter was 0.51, with the Price to Cash per share for the same quarter was set at 5.07.
How has SGLY stock performed recently?
Singularity Future Technology Ltd [SGLY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -42.59. With this latest performance, SGLY shares dropped by -21.27% in over the last four-week period, additionally plugging by 21.57% over the last 6 months – not to mention a drop of -48.33% 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 37.69, with the RSI for the last a single of trading hit 33.56, and the three-weeks RSI is set at 39.86 for Singularity Future Technology Ltd [SGLY]. The present Moving Average for the last 50 days of trading for this stock 4.39, while it was recorded at 5.64 for the last single week of trading, and 4.57 for the last 200 days.
Singularity Future Technology Ltd [SGLY]: Deeper insight into the 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.
Insider trade positions for Singularity Future Technology Ltd [SGLY]
There are presently around $0.65%, or 0.65%% of SGLY stock, in the hands of institutional investors.
