60 Degrees Pharmaceuticals Inc [NASDAQ: SXTP] price plunged by -19.17 percent to reach at -$0.41.
A sum of 23428339 shares traded at recent session while its average daily volume was at 243.69K shares. 60 Degrees Pharmaceuticals Inc shares reached a high of $2.12 and dropped to a low of $1.56 until finishing in the latest session at $1.75.
The one-year SXTP stock forecast points to a potential upside of 75.0. The average equity rating for SXTP stock is currently 1.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 60 Degrees Pharmaceuticals Inc [SXTP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SXTP shares is $7.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SXTP 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.
SXTP Stock Performance Analysis:
60 Degrees Pharmaceuticals Inc [SXTP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -22.22. With this latest performance, SXTP shares dropped by -23.25% in over the last four-week period, additionally sinking by -66.67% over the last 6 months – not to mention a drop of -72.87% 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 SXTP stock in for the last two-week period is set at 34.65, with the RSI for the last a single of trading hit 0.28, and the three-weeks RSI is set at 0.28 for 60 Degrees Pharmaceuticals Inc [SXTP]. The present Moving Average for the last 50 days of trading for this stock 2.40, while it was recorded at 2.30 for the last single week of trading, and 3.71 for the last 200 days.
Insight into 60 Degrees Pharmaceuticals Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and 60 Degrees Pharmaceuticals Inc [SXTP] shares currently have an operating margin of -1300.53% and a Gross Margin at 50.40%. 60 Degrees Pharmaceuticals Inc’s Net Margin is presently recorded at -1357.34%.
Return on Equity for this stock declined to -142.93%, with Return on Assets sitting at -142.93%.
60 Degrees Pharmaceuticals Inc [SXTP] Institutonal Ownership Details
There are presently around $7.30%, or 7.68% of SXTP stock, in the hands of institutional investors.
