In last trading session, Singularity Future Technology Ltd. (NASDAQ:SGLY) saw 0.21 million shares changing hands with its beta currently measuring 1.09. Company’s recent per share price level of $0.82 trading at -$0.01 or -1.67% at ring of the bell on the day assigns it a market valuation of $20.32M. That closing price of SGLY’s stock is at a discount of -2321.95% from its 52-week high price of $19.86 and is indicating a premium of 3.66% from its 52-week low price of $0.79. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.82 million shares which gives us an average trading volume of 305.26K if we extend that period to 3-months.
For Singularity Future Technology Ltd. (SGLY), analysts’ consensus is at an average recommendation of a Buy. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0 in the current quarter.
Singularity Future Technology Ltd. (NASDAQ:SGLY) trade information
Upright in the red during last session for losing -1.67%, in the last five days SGLY remained trading in the red while hitting it’s week-highest on Thursday, 11/17/22 when the stock touched $0.82 price level, adding 59.2% to its value on the day. Singularity Future Technology Ltd.’s shares saw a change of -82.89% in year-to-date performance and have moved -60.95% in past 5-day. Singularity Future Technology Ltd. (NASDAQ:SGLY) showed a performance of -61.86% in past 30-days. Number of shares sold short was 1.29 million shares which calculate 8.96 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $8.75 to the stock, which implies a rise of 90.63% to its current value. Analysts have been projecting $8.75 as a low price target for the stock while placing it at a high target of $8.75. It follows that stock’s current price would drop -967.07% in reaching the projected high whereas dropping to the targeted low would mean a loss of -967.07% for stock’s current value.
Singularity Future Technology Ltd. (SGLY) estimates and forecasts
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 7.00% during past 5 years.
Singularity Future Technology Ltd. is more likely to be releasing its next quarterly report in December and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Singularity Future Technology Ltd. (NASDAQ:SGLY)’s Major holders
Insiders are in possession of 7.68% of company’s total shares while institution are holding 1.20 percent of that, with stock having share float percentage of 1.29%. Investors also watch the number of corporate investors in a company very closely, which is 1.20% institutions for Singularity Future Technology Ltd. that are currently holding shares of the company. Renaissance Technologies, LLC is the top institutional holder at SGLY for having 69524.0 shares of worth $0.21 million. And as of Jun 29, 2022, it was holding 0.32% of the company’s outstanding shares.
The second largest institutional holder is Virtu Financial LLC, which was holding about 35259.0 shares on Jun 29, 2022. The number of shares represents firm’s hold over 0.16% of outstanding shares, having a total worth of $0.11 million.
On the other hand, ETF Series Solutions-Defiance Digital Revolution ETF and Fidelity NASDAQ Composite Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 23356.0 shares of worth $70768.0 or 0.11% of the total outstanding shares. The later fund manager was in possession of 11251.0 shares on Jun 29, 2022, making its stake of worth around $34090.0 in the company or a holder of 0.05% of company’s stock.