Investor Confidence Dwindles After Sacks Parente Golf Inc. (NASDAQ: SPGC) Shares Gain By About 0.13

Sacks Parente Golf Inc (NASDAQ:SPGC) has a beta value of 3.73 and has seen 4.37 million shares traded in the last trading session. The company, currently valued at $6.44M, closed the last trade at $0.57 per share which meant it gained $0.13 on the day or 27.47% during that session. The SPGC stock price is -1508.77% off its 52-week high price of $9.17 and 54.39% above the 52-week low of $0.26. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.48 million shares traded. The 3-month trading volume is 1.23 million shares.

Sacks Parente Golf Inc (NASDAQ:SPGC) trade information

Sporting 27.47% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SPGC stock price touched $0.57 or saw a rise of 8.05%. Year-to-date, Sacks Parente Golf Inc shares have moved 34.94%, while the 5-day performance has seen it change 57.39%. Over the past 30 days, the shares of Sacks Parente Golf Inc (NASDAQ:SPGC) have changed -65.87%. Short interest in the company has seen 35213.0 shares shorted with days to cover at 0.19.

Sacks Parente Golf Inc (SPGC) estimates and forecasts

Figures show that Sacks Parente Golf Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -88.89% over the past 6 months, with this year growth rate of 22.11%, compared to -0.30% for the industry.

SPGC Dividends

Sacks Parente Golf Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Sacks Parente Golf Inc (NASDAQ:SPGC)’s Major holders

Insiders own 60.15% of the company shares, while shares held by institutions stand at 0.62% with a share float percentage of 1.55%. Investors are also buoyed by the number of investors in a company, with Sacks Parente Golf Inc having a total of 3.0 institutions that hold shares in the company.