In the last trading session, 2.51 million Shineco Inc. (NASDAQ:SISI) shares changed hands as the company’s beta touched 0.17. With the company’s per share price at $0.14 changed hands at $0.02 or 10.98% during last session, the market valuation stood at $2.71M. SISI’s last price was a discount, traded about -2400.0% off its 52-week high of $3.50. The share price had its 52-week low at $0.11, which suggests the last value was 21.43% up since then. When we look at Shineco Inc.’s average trading volume, we note the 10-day average is 1.96 million shares, with the 3-month average coming to 1.85 million.
Shineco Inc. (NASDAQ:SISI) trade information
Instantly SISI was in green as seen at the end of in last trading. With action 5.24%, the performance over the past five days has been green. The jump to weekly highs of 0.1471 on Friday, 09/15/23 added 10.98% to the stock’s daily price. The company’s shares are showing year-to-date downside of -94.18%, with the 5-day performance at 5.24% in the green. However, in the 30-day time frame, Shineco Inc. (NASDAQ:SISI) is -24.23% down. Looking at the short shares, we see there were 1.3 million shares sold at short interest cover period of 0.48 days.
Shineco Inc. (SISI) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -22.00%. The 2023 estimates are for Shineco Inc. earnings to increase by 45.00%.
Shineco Inc. is expected to release its next quarterly earnings report in October.
Shineco Inc. (NASDAQ:SISI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 25.13% of Shineco Inc. shares while 1.48% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 1.97%. There are 1.48% institutions holding the Shineco Inc. stock share, with Renaissance Technologies, LLC the top institutional holder. As of Jun 29, 2023, the company held 0.83% of the shares, roughly 0.18 million SISI shares worth $60041.0.
Citadel Advisors Llc holds the second largest percentage of outstanding shares, with 0.14% or 29107.0 shares worth $9896.0 as of Jun 29, 2023.
With 3572.0 shares estimated at $1928.0 under it, the former controlled 0.02% of total outstanding shares.