Safe and Green Development Corp (SGD) stock forecast: Can it reach its 52-week high of $168.40

A share price of Safe and Green Development Corp [SGD] is currently trading at $3.27, up 20.66%. An important factor to consider is whether the stock is rising or falling in short-term value. The SGD shares have gain 15.55% over the last week, with a monthly amount drifted -34.86%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Safe and Green Development Corp experienced fluctuations in its stock price throughout the past year between $2.66 and $168.40. Safe and Green Development Corp [NASDAQ: SGD] shares were valued at $3.27 at the most recent close of the market.

Analyzing the SGD fundamentals

Gross Profit Margin for this corporation currently stands at -4.28% with Operating Profit Margin at -56.65%, Pretax Profit Margin comes in at -82.03%, and Net Profit Margin reading is -82.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.6, Equity is -2.75 and Total Capital is -1.76. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 4.18.

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 2.59 points at the first support level, and at 1.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.08, and for the 2nd resistance point, it is at 4.88.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Safe and Green Development Corp [NASDAQ:SGD] is 0.10. On the other hand, the Quick Ratio is 0.10, and the Cash Ratio is 0.0. Considering the valuation of this stock, the price to sales ratio is 34.15, the price to book ratio is 1.34.

Transactions by insiders

Recent insider trading involved Brune Nicolai Ayrton, Chief Financial Officer, that happened on Sep 09 ’24 when 12000.0 shares were sold. Chief Financial Officer, Brune Nicolai Ayrton completed a deal on Sep 10 ’24 to sell 10000.0 shares. Meanwhile, Officer Brune Nicolai Ayrton bought 10000.0 shares on Sep 10 ’24.

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