Singularity Future Technology Ltd [NASDAQ: SGLY] gained 143.44% on the last trading session, reaching $1.68 price per share at the time.
If compared to the average trading volume of 1.18M shares, SGLY reached a trading volume of 29115737 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 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 0.20, with the Price to Sales ratio for SGLY stock in the period of the last 12 months amounting to 3.12. The Price to Book ratio for the last quarter was 0.40, with the Price to Cash per share for the same quarter was set at 4.35. Price to Free Cash Flow for SGLY in the course of the last twelve months was 3.76 with Quick ratio for the last quarter at 2.63.
Trading performance analysis for SGLY stock
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 121.05. With this latest performance, SGLY shares gained by 108.98% in over the last four-week period, additionally sinking by -20.00% over the last 6 months – not to mention a drop of -57.25% 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 72.80, with the RSI for the last a single of trading hit 83.10, and the three-weeks RSI is set at 64.12 for Singularity Future Technology Ltd [SGLY]. The present Moving Average for the last 50 days of trading for this stock 1.2838, while it was recorded at 0.9304 for the last single week of trading, and 2.4793 for the last 200 days.
Singularity Future Technology Ltd [SGLY]: A deeper dive into fundamental analysis
Singularity Future Technology Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.63 and a Current Ratio set at 2.63.
An analysis of Institutional ownership at Singularity Future Technology Ltd [SGLY]
There are presently around $1.15%, or 1.15%% of SGLY stock, in the hands of institutional investors.
