In the last trading session, 6,227,279 shares of the SG Blocks, Inc. (NASDAQ:SGBX) were traded, and its beta was -5.37. Most recently the company’s share price was $4.73, and it changed around $0.22 or 0.05% from the last close, which brings the market valuation of the company to $41.71 Million. SGBX currently trades at a discount to its 52-week high of $8.7, offering almost -83.93% off that amount. The share price’s 52-week low was $1.51, which indicates that the current value has risen by an impressive 68.08% since then. We note from SG Blocks, Inc.’s average daily trading volume that its 10-day average is 637.67 Million shares, with the 3-month average coming to 747.51 Million.
SG Blocks, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 0. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended SGBX as a Hold, whereas 1 deemed it a Buy, and no one rated it as Underweight. SG Blocks, Inc. is expected to report earnings per share of -$0.07 for the current quarter.
SG Blocks, Inc. (NASDAQ:SGBX): Trading Information
Instantly SGBX has showed a green trend with a performance of 4.88% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $5.74- on Tuesday, Apr 06 increased the stock’s daily price by 17.59%. The company’s shares are currently down -0.22% year-to-date, but still up 0.2005 over the last five days. On the other hand, SG Blocks, Inc. (NASDAQ:SGBX) is 0.02% up in the 30-day period. We can see from the shorts that 831.19 Million shares have been sold at a short interest cover period of 1.11 day (s).
The consensus price target as assigned by Wall Street analysts is $9, which translates to bears needing to increase their stock price by 90.27% from its current value. Analyst projections state that SGBX is forecast to be at a low of $9 and a high of $9. In order for the stock price to hit the forecast high, the stock would need to surge +90.27% from its current level, while the stock would need to crash 90.27% from its current level to reach the projected low.
SG Blocks, Inc. (SGBX) projections and forecasts
SG Blocks, Inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +148.95 percent over the past six months. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +99.7% in revenue this quarter, and will report an increase of 107.8% in the next quarter. The year-over-year growth rate is expected to be 91%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $4.3 Million in revenue for the current quarter. 1 analysts expect SG Blocks, Inc. to make $8Million in revenue for the quarter ending in May 2021. The company’s sales for the same quarters a year ago were $337Million and $199Million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 1176%. Forecasts for the next quarter put sales growth at 3920.1%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. SG Blocks, Inc. earnings are expected to increase by 95.4% in 2021, but the outlook is negative 0% per year for the next five years.
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SG Blocks, Inc. (NASDAQ:SGBX)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 16.22% of SG Blocks, Inc. shares, and 13.9% of them are in the hands of institutional investors. The stock currently has a share float of 16.6%. SG Blocks, Inc. stock is held by 22 institutions, with SG Americas Securities, LLC being the largest institutional investor. By Dec 30, 2020, it held 4.14% of the shares, which is about 356.04 Thousand shares worth $2.17 Million.
Intrinsic Edge Capital Management LLC, with 2.65% or 227.76 Thousand shares worth $1.39 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 71120 shares worth $433.83 Thousand, making up 0.83% of all outstanding shares. On the other hand, Fidelity Extended Market Index Fund held roughly 45.75 Thousand shares worth around $232.39 Thousand, which represents about 0.53% of the total shares outstanding.