Why is Sino-Global Shipping America Ltd. (SINO) up 39.58% from the day 1 this year?

At the end of the latest market close, Sino-Global Shipping America Ltd. (SINO) was valued at $3.50. In that particular session, Stock kicked-off at the price of $2.94 while reaching the peak value of $3.59 and lowest value recorded on the day was $2.94. The stock current value is $3.55.

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Recently in News on December 8, 2020, Sino-Global Announces Letter of Intent to Acquire Shenzhen Jiayoubao Mobile Internet Co., Ltd. Sino-Global Shipping America, Ltd. (NASDAQ: SINO) (“Sino-Global”, the “Company” or “we”), a non-asset based global shipping and freight logistical integrated solutions provider, today announced that the Company has entered into a non-binding letter of intent (the “LOI”) to acquire 51% of Shenzhen Jiayoubao Mobile Internet Co., Ltd. (“Jiayoubao”). You can read further details here

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Sino-Global Shipping America Ltd. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $4.89 on 06/25/20, with the lowest value was $1.37 for the same time period, recorded on 09/30/20.

Sino-Global Shipping America Ltd. (SINO) full year performance was 39.58%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Sino-Global Shipping America Ltd. shares are logging -27.38% during the 52-week period from high price, and 158.97% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.37 and $4.89.

The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 1514221 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Sino-Global Shipping America Ltd. (SINO) recorded performance in the market was 55.56%, having the revenues showcasing 116.05% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 13.27M, as it employees total of 19 workers.

Analysts verdict on Sino-Global Shipping America Ltd. (SINO)

During the last month, 0 analysts gave the Sino-Global Shipping America Ltd. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.96, with a change in the price was noted +1.83. In a similar fashion, Sino-Global Shipping America Ltd. posted a movement of +87.98% for the period of last 100 days, recording 291,737 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for SINO is recording 0.03 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.02.

Sino-Global Shipping America Ltd. (SINO): Technical Analysis

Raw Stochastic average of Sino-Global Shipping America Ltd. in the period of last 50 days is set at 83.81%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 81.51%. In the last 20 days, the company’s Stochastic %K was 83.44% and its Stochastic %D was recorded 68.49%.

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Let’s take a glance in the erstwhile performances of Sino-Global Shipping America Ltd., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 55.56%. Additionally, trading for the stock in the period of the last six months notably improved by 34.64%, alongside a boost of 39.58% for the period of the last 12 months. The shares increased approximately by 58.37% in the 7-day charts and went down by 92.31% in the period of the last 30 days. Common stock shares were driven by 116.05% during last recorded quarter.

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