Safe & Green Holdings Corp (NASDAQ: SGBX) stock jumped 6.73% on Friday to $0.78 against a previous-day closing price of $0.73. With 26.92 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.12 million shares. During the session, the Metal Fabrication company that operates in wider Industrials sector, reached to the highest price of $0.9500 whereas the lowest price it dropped to was $0.6040. The 52-week range on SGBX shows that it touched its highest point at $1.35 and its lowest point at $0.32 during that stretch. It currently has a 1-year price target of $2.81. Beta for the stock currently stands at -2.24.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SGBX was up-trending over the past week, with a rise of 83.96%, but this was up by 74.42% over a month. Three-month performance surged to 31.05% while six-month performance rose 110.63%. The stock gained 36.43% in the past year, while it has gained 21.49% so far this year. A look at the trailing 12-month EPS for SGBX yields -1.15 with Next year EPS estimates of -0.62. For the next quarter, that number is -0.17. This implies an EPS growth rate of -118.64% for this year and -3.10% for next year.
Float and Shares Shorts:
At present, 12.59 million SGBX shares are outstanding with a float of 10.26 million shares on hand for trading. On Oct 30, 2023, short shares totaled 0.26 million, which was 1.62% higher than short shares on Sep 28, 2023. In addition to Mr. Paul M. Galvin as the firm’s CEO & Chairman, Mr. William Jeffrey Rogers serves as its Chief Operations Officer.
Through their ownership of 9.98% of SGBX’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 37.25% of SGBX, in contrast to 2.60% held by mutual funds. Shares owned by individuals account for 2.15%. As the largest shareholder in SGBX with 1.92% of the stake, The Vanguard Group, Inc. holds 307,609 shares worth 307,609. A second-largest stockholder of SGBX, BlackRock Fund Advisors, holds 138,537 shares, controlling over 0.87% of the firm’s shares. Susquehanna Financial Group LLLP is the third largest shareholder in SGBX, holding 122,806 shares or 0.77% stake. With a 1.15% stake in SGBX, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 183,382 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 0.78% of SGBX stock, is the second-largest Mutual Fund holder. It holds 124,227 shares valued at 43728.0. Fidelity Extended Market Index Fu holds 0.49% of the stake in SGBX, owning 78,684 shares worth 27697.0.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SGBX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SGBX analysts setting a high price target of $2.81 and a low target of $2.81, the average target price over the next 12 months is $2.81. Based on these targets, SGBX could surge 260.26% to reach the target high and rise by 260.26% to reach the target low. Reaching the average price target will result in a growth of 260.26% from current levels.
Summary of Insider Activity:
Insiders traded SGBX stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 73 over the past year. The total number of shares bought during that period was 1,609,527 while 315,906 shares were sold.