Is Singularity Future Technology Ltd (NASDAQ: SGLY) a Risk-Worthy Bet for Bold Investors?

In the last trading session, 1.71 million Singularity Future Technology Ltd (NASDAQ:SGLY) shares changed hands as the company’s beta touched 0.84. With the company’s per share price at $1.05 changed hands at -$0.09 or -7.89% during last session, the market valuation stood at $4.41M. SGLY’s last price was a discount, traded about -628.57% off its 52-week high of $7.65. The share price had its 52-week low at $0.66, which suggests the last value was 37.14% up since then. When we look at Singularity Future Technology Ltd’s average trading volume, we note the 10-day average is 6.4 million shares, with the 3-month average coming to 1.09 million.

Singularity Future Technology Ltd (NASDAQ:SGLY) trade information

Instantly SGLY was in red as seen at the end of in last trading. With action -11.02%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -35.19%, with the 5-day performance at -11.02% in the red. However, in the 30-day time frame, Singularity Future Technology Ltd (NASDAQ:SGLY) is -43.85% down. Looking at the short shares, we see there were 58775.0 shares sold at short interest cover period of 1.79 days.

Singularity Future Technology Ltd (NASDAQ:SGLY)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.11% of Singularity Future Technology Ltd shares while 1.52% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 1.52%.

Among Mutual Funds, the top two as of Nov 30, 2024 were Fidelity Extended Market Index Fund and Fidelity Total Market Index Fund. With 19.31 shares estimated at $20271.0 under it, the former controlled 0.55% of total outstanding shares. On the other hand, Fidelity Total Market Index Fund held about 0.15% of the shares, roughly 5.43 shares worth around $5697.0.