Singularity Future Technology Ltd [NASDAQ: SGLY] stock went on an upward path that rose over 24.00% on Thursday, amounting to a one-week price increase of more than 17.40%.
Over the last 12 months, SGLY stock dropped by -75.73%. The one-year Singularity Future Technology Ltd stock forecast points to a potential upside of 38.29. The average equity rating for SGLY stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $4.54 million, with 4.20 million shares outstanding and 4.20 million shares in the current float. Compared to the average trading volume of 800.85K shares, SGLY stock reached a trading volume of 6839874 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 0.16, with the Price to Sales ratio for SGLY stock in the period of the last 12 months amounting to 2.09. The Price to Book ratio for the last quarter was 0.33, with the Price to Cash per share for the same quarter was set at 4.26.
SGLY Stock Performance Analysis:
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 17.40. With this latest performance, SGLY shares gained by 32.48% in over the last four-week period, additionally sinking by -32.92% over the last 6 months – not to mention a drop of -75.73% 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 59.79, with the RSI for the last a single of trading hit 64.13, and the three-weeks RSI is set at 56.65 for Singularity Future Technology Ltd [SGLY]. The present Moving Average for the last 50 days of trading for this stock 0.8510, while it was recorded at 0.9310 for the last single week of trading, and 1.6024 for the last 200 days.
Insight into Singularity Future Technology Ltd Fundamentals:
Singularity Future Technology Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.64 and a Current Ratio set at 2.64.
