Susquehanna Financial Group LLLP recently announced the acquisition of new stake in Singularity Future Technology Ltd. (NASDAQ:SGLY). This fresh investment now brings its stake to 0.25% valued currently at $22987.0. In addition, Susquehanna Investment Group LLC raised its holdings by 38644.0 to 52780.0 shares. And Citadel Securities LLC has lifted its position by 181.03% or 29778.0 shares – to 46227.0 shares.
With over 0.26 million Singularity Future Technology Ltd. (SGLY) shares trading Friday and a closing price of $0.50 on the day, the dollar volume was approximately $0.13 million. The shares have shown a negative half year performance of -85.12% and its price on 01/13/23 lost nearly -3.78%. Currently, there are 21.98M common shares owned by the public and among those 20.29M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for SGLY have a consensus price objective of $8.75. The analysts have set the share’s price value over the next 12 months at a high of $8.75 and a low of $8.75. But an upside of 94.29% will see the stock hit the forecast high price target while median target price for the stock is $8.75.
Insiders at the company have transacted a total of 3 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 3 of these insider trades were purchases, accounting for 500,000 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
Fidelity Nasdaq Composite Index F owns 11251.0 shares of the company’s stock, all valued at over $4725.0. USAA Extended Market Index Fund bought 132.0 shares to see its total holdings expand to 2220.0 shares valued at over $932.0 and representing 0.01% of the shares outstanding.
Shares of Singularity Future Technology Ltd. (NASDAQ: SGLY) opened at $0.5251, up $0.01 from a prior closing price of $0.52. However, the script later moved the day high at 0.5800, down -3.78%. The company’s stock has a 5-day price change of -2.66% and -78.76% over the past three months. SGLY shares are trading 19.36% year to date (YTD), with the 12-month market performance down to -87.40% lower. It has a 12-month low price of $0.35 and touched a high of $19.86 over the same period. SGLY has an average intraday trading volume of 284.50K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -12.03%, -56.02%, and -85.96% respectively.
Institutional ownership of Singularity Future Technology Ltd. (NASDAQ: SGLY) shares accounts for 1.18% of the company’s 21.98M shares outstanding. Mutual fund holders own 1.11%, while other institutional holders and individual stakeholders account for 10.29% and 0.06% respectively.
It has a market capitalization of $10.25M. The earnings-per-share (ttm) stands at -$1.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 19.66% over the week and 18.86% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.
Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”