Safe and Green Development Corp (NASDAQ: SGD) is -26.59% lower on its value in year-to-date trading and has touched a low of $1.45 and a high of $53.80 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SGD stock was last observed hovering at around $2.01 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $1.96, the stock is -18.57% and -21.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing -2.49% at the moment leaves the stock -69.83% off its SMA200. SGD registered -87.11% loss for a year compared to 6-month loss of -73.50%. The firm has a 50-day simple moving average (SMA 50) of $2.48254 and a 200-day simple moving average (SMA200) of $6.497285.
The stock witnessed a -11.31% gain in the last 1 month and extending the period to 3 months gives it a -30.74%, and is -15.88% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 17.40% over the week and 13.91% over the month.
Safe and Green Development Corp (SGD) has around 2 employees, a market worth around $2.92M and $0.17M in sales. Profit margin for the company is -5175.32%. Distance from 52-week low is 35.17% and -96.36% from its 52-week high. The company has generated returns on investments over the last 12 months (-579.26%).
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Safe and Green Development Corp (SGD) Top Institutional Holders
12.0 institutions hold shares in Safe and Green Development Corp (SGD), with institutional investors hold 2.30% of the company’s shares. The shares outstanding are 1.49M, and float is at 1.08M with Short Float at 9.23%. Institutions hold 1.25% of the Float.
Safe and Green Development Corp (SGD) Insider Activity
The most recent transaction is an insider sale by Brune Nicolai Ayrton, the company’s Chief Financial Officer. SEC filings show that Brune Nicolai Ayrton sold 12,000 shares of the company’s common stock on Sep 09 ’24 at a price of $0.26 per share for a total of $3163.0. Following the sale, the insider now owns 0.16 million shares.
Safe and Green Development Corp disclosed in a document filed with the SEC on Sep 10 ’24 that Brune Nicolai Ayrton (Chief Financial Officer) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Sep 10 ’24 and was made at $0.25 per share for $2502.0. Following the transaction, the insider now directly holds 0.15 million shares of the SGD stock.
Still, SEC filings show that on Sep 10 ’24, Brune Nicolai Ayrton (Officer) Proposed Sale 10,000 shares at an average price of $0.24 for $2421.0. The insider now directly holds shares of Safe and Green Development Corp (SGD).
