Market data suggests positive returns on Singularity Future Technology Ltd. (SGLY) – Invest Chronicle

Market data suggests positive returns on Singularity Future Technology Ltd. (SGLY)

Let’s start up with the current stock price of Singularity Future Technology Ltd. (SGLY), which is $5.01 to be very precise. The Stock rose vividly during the last session to $5.3449 after opening rate of $3.96 while the lowest price it went was recorded $3.85 before closing at $3.98.Recently in News on January 11, 2022, Singularity Future Technology Closes Upsized Warrant Purchase Agreement. Singularity Future Technology Ltd. (formerly known as Sino-Global Shipping America, Ltd.) (the “Company”) (NASDAQ: SGLY) announced it closed an upsized warrant purchase agreement. You can read further details here

Singularity Future Technology 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 $5.45 on 01/07/22, with the lowest value was $3.83 for the same time period, recorded on 01/06/22.

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Singularity Future Technology Ltd. (SGLY) full year performance was 47.79%

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, Singularity Future Technology Ltd. shares are logging -59.20% during the 52-week period from high price, and 139.71% 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 $2.09 and $12.28.

The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 4806327 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 Singularity Future Technology Ltd. (SGLY) recorded performance in the market was 5.03%, having the revenues showcasing 99.60% 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 89.48M, as it employees total of 42 workers.

Market experts do have their say about Singularity Future Technology Ltd. (SGLY)

During the last month, 0 analysts gave the Singularity Future Technology 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 3.30, with a change in the price was noted +2.08. In a similar fashion, Singularity Future Technology Ltd. posted a movement of +70.99% for the period of last 100 days, recording 788,970 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 SGLY is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.

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Technical breakdown of Singularity Future Technology Ltd. (SGLY)

Raw Stochastic average of Singularity Future Technology Ltd. in the period of last 50 days is set at 82.26%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 76.72%. In the last 20 days, the company’s Stochastic %K was 48.77% and its Stochastic %D was recorded 49.27%.

Bearing in mind the latest performance of Singularity Future Technology Ltd., several 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 5.03%. Additionally, trading for the stock in the period of the last six months notably improved by 82.85%, alongside a boost of 47.79% for the period of the last 12 months. The shares increased approximately by 19.57% in the 7-day charts and went down by 43.14% in the period of the last 30 days. Common stock shares were driven by 99.60% during last recorded quarter.

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