Future Outlook And Stock Price Performance For Safe & Green Holdings Corp (NASDAQ: SGBX)

In the last trading session, 23.24 million shares of the Safe & Green Holdings Corp (NASDAQ:SGBX) were traded, and its beta was -2.79. Most recently the company’s share price was $1.26, and it changed around $0.21 or 20.00% from the last close, which brings the market valuation of the company to $2.56M. SGBX currently trades at a discount to its 52-week high of $27.00, offering almost -2042.86% off that amount. The share price’s 52-week low was $0.86, which indicates that the current value has risen by an impressive 31.75% since then. We note from Safe & Green Holdings Corp’s average daily trading volume that its 10-day average is 2.56 million shares, with the 3-month average coming to 97.02K.

Safe & Green Holdings Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended SGBX as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Safe & Green Holdings Corp is expected to report earnings per share of 0 for the current quarter.

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Safe & Green Holdings Corp (NASDAQ:SGBX) trade information

Instantly SGBX has showed a green trend with a performance of 20.00% 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 1.4800 on recent trading dayincreased the stock’s daily price by 14.86%. The company’s shares are currently down -86.62% year-to-date, but still up 3.28% over the last five days. On the other hand, Safe & Green Holdings Corp (NASDAQ:SGBX) is 29.91% up in the 30-day period. We can see from the shorts that 82571.0 shares have been sold at a short interest cover period of 1.57 day(s).

Safe & Green Holdings Corp (SGBX) estimates and forecasts

The year-over-year growth rate is expected to be -32.30%, down from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 1.96M in revenue for the current quarter. The company’s sales for the same quarters a year ago were 4.1M and 6.43M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -52.30%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 40.46%.

SGBX Dividends

Safe & Green Holdings Corp’s next quarterly earnings report is expected to be released in November.

Safe & Green Holdings Corp (NASDAQ:SGBX)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 26.83% of Safe & Green Holdings Corp shares, and 10.42% of them are in the hands of institutional investors. The stock currently has a share float of 14.24%.