In yesterday’s Wall Street session, Safe & Green Holdings Corp (NASDAQ:SGBX) shares traded at $0.78, up 6.73% from the previous session.
1 analysts cover Safe & Green Holdings Corp (NASDAQ:SGBX), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $2.81 and a low of $2.81, we find $2.81. Given the previous closing price of $0.73, this indicates a potential upside of 284.93 percent. SGBX stock price is now 52.48% away from the 50-day moving average and 59.29% away from the 200-day moving average. The market capitalization of the company currently stands at $12.85M.
The stock has received a hold rating from 0 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $2.81 as their price target over the next twelve months.
Insiders disposed of 315,906 shares of company stock worth roughly $0.25 million over the past 1 year. A total of 37.74% of the company’s stock is owned by insiders.
On Friday morning Safe & Green Holdings Corp (NASDAQ: SGBX) stock kicked off with the opening price of $0.8591. During the past 12 months, Safe & Green Holdings Corp has had a low of $0.32 and a high of $1.35. As of last week, the company has a debt-to-equity ratio of 2.07, a current ratio of 0.45, and a quick ratio of 0.43. The fifty day moving average price for SGBX is $0.5124 and a two-hundred day moving average price translates $0.4899 for the stock.
The latest earnings results from Safe & Green Holdings Corp (NASDAQ: SGBX) was released for Sep, 2023. According to the Metal Fabrication Company, earnings per share came in at -$0.23, beating analysts’ expectations of -$0.36 by 0.13. This compares to -$0.19 EPS in the same period last year. The net profit margin was -87.93% and return on equity was -141.93% for SGBX. The company reported revenue of $3.96 million for the quarter, compared to $4.13 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.0 percent. For the current quarter, analysts expect SGBX to generate $11.47M in revenue.
Safe & Green Holdings Corp(SGBX) Company Profile
Safe & Green Holdings Corp. designs and modifies code-engineered cargo shipping containers and purpose-built modules for commercial, industrial, and residential building construction in the United States. The company redesigns, repurposes, and convert heavy-gauge steel cargo shipping containers into SGBlocks, which are green building blocks for construction. It serves architects, landowners, builders, and developers. The company was formerly known as SG Blocks, Inc. The company was founded in 2007 and is headquartered in Miami, Florida.