Investors are poised to add Singlepoint Inc (SING) Stock to their long term portfolios

A share price of Singlepoint Inc [SING] is currently trading at $0.19, up 8.57%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SING shares have gain 13.67% over the last week, with a monthly amount drifted -13.75%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Singlepoint Inc experienced fluctuations in its stock price throughout the past year between $0.09 and $275.60. Singlepoint Inc [AMEX: SING] shares were valued at $0.19 at the most recent close of the market.

Analyzing the SING fundamentals

Trailing Twelve Months sales for Singlepoint Inc [AMEX:SING] were 29.89M which represents 4.94% growth. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at -0.17%, Pretax Profit Margin comes in at -0.25%, and Net Profit Margin reading is -0.23%. To continue investigating profitability, this company’s Return on Assets is posted at -0.25, Equity is 0.45 and Total Capital is 0.49. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-0.93.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.1711 points at the first support level, and at 0.1535 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.2094, and for the 2nd resistance point, it is at 0.2301.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Singlepoint Inc [AMEX:SING] is 0.28. Also, the Quick Ratio is 0.16, while the Cash Ratio stands at 0.02. Considering the valuation of this stock, the price to sales ratio is 0.01.

Transactions by insiders

Recent insider trading involved Ralston Wil, Chief Executive Officer, that happened on Dec 19 ’23 when 100000.0 shares were purchased.

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