In the latest trading session, 1.0 million Safe & Green Holdings Corp (NASDAQ:SGBX) shares changed hands as the company’s beta touched -2.18. With the company’s most recent per share price at $0.73 changed hands at -$0.05 or -6.41% at last look, the market valuation stands at $12.03M. SGBX’s current price is a discount, trading about -84.93% off its 52-week high of $1.35. The share price had its 52-week low at $0.32, which suggests the last value was 56.16% up since then. When we look at Safe & Green Holdings Corp’s average trading volume, we note the 10-day average is 6.89 million shares, with the 3-month average coming to 1.54 million.
Analysts gave the Safe & Green Holdings Corp (SGBX) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended SGBX as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Safe & Green Holdings Corp’s EPS for the current quarter is expected to be -$0.37.
Safe & Green Holdings Corp (NASDAQ:SGBX) trade information
Instantly SGBX was in red as seen in intraday trades today. With action 72.66%, the performance over the past five days has been green. The drop to weekly highs of 1.3500 on Friday, 11/17/23 subtracted -6.41% to the stock’s daily price. The company’s shares are showing year-to-date upside of 13.70%, with the 5-day performance at 72.66% in the green. However, in the 30-day time frame, Safe & Green Holdings Corp (NASDAQ:SGBX) is 72.90% up. Looking at the short shares, we see there were 0.26 million shares sold at short interest cover period of 2.27 days.
The consensus price target for the stock as assigned by Wall Street analysts is $2.81, meaning bulls need an upside of 74.02% from its recent market value. According to analyst projections, SGBX’s forecast low is $2.81 with $2.81 as the target high. To hit the forecast high, the stock’s price needs a -284.93% plunge from its current level, while the stock would need to soar -284.93% for it to hit the projected low.
Safe & Green Holdings Corp (SGBX) estimates and forecasts
Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Safe & Green Holdings Corp will fall -54.20%, while the growth in revenue is estimated to hit -16.00% for the next quarter. Year-over-year growth is forecast to reach 21.80% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $11.47 million. 1 analysts are of the opinion that Safe & Green Holdings Corp’s revenue for the quarter ending Mar 2024 will be $13.12 million. The company’s revenue for the corresponding quarters a year ago was $4.1 million and $6.43 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 179.80%. The estimates for the next quarter sales put growth at 104.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 56.27%. The 2023 estimates are for Safe & Green Holdings Corp earnings to decrease by -118.64%.
Safe & Green Holdings Corp is expected to release its next quarterly earnings report on November 14.
Safe & Green Holdings Corp (NASDAQ:SGBX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 43.63% of Safe & Green Holdings Corp shares while 9.98% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 17.71%. There are 9.98% institutions holding the Safe & Green Holdings Corp stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 1.95% of the shares, roughly 0.31 million SGBX shares worth $0.3 million.
Susquehanna International Group, LLP holds the second largest percentage of outstanding shares, with 1.39% or 0.22 million shares worth $0.21 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Extended Market Index Fund and Vanguard Total Stock Market Index Fund. With 0.18 million shares estimated at $0.17 million under it, the former controlled 1.15% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 0.78% of the shares, roughly 0.12 million shares worth around $0.12 million.