Market Watch: Signing Day Sports Inc (SGN)’s Noteworthy Drop, Closing at 0.21

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As of close of business last night, Signing Day Sports Inc’s stock clocked out at $0.21, down -14.17% from its previous closing price of $0.24. In other words, the price has decreased by -$14.17 from its previous closing price. On the day, 2.09 million shares were traded. SGN stock price reached its highest trading level at $0.2348 during the session, while it also had its lowest trading level at $0.182.

Ratios:

To gain a deeper understanding of SGN’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.58 and its Current Ratio is at 0.58.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 16 ’23 when Dorsey John Joseph bought 20,000 shares for $5.00 per share. The transaction valued at 100,000 led to the insider holds 60,000 shares of the business.

Kim Glen bought 20,000 shares of SGN for $100,000 on Nov 16 ’23. The Director now owns 752,433 shares after completing the transaction at $5.00 per share. On Nov 16 ’23, another insider, Nelson Daniel D, who serves as the CEO and Chairman of the company, bought 20,000 shares for $5.00 each. As a result, the insider paid 100,000 and bolstered with 20,000 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SGN now has a Market Capitalization of 4478263 and an Enterprise Value of 4255334. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.44. Its current Enterprise Value per Revenue stands at 7.383 whereas that against EBITDA is -0.647.

Stock Price History:

Over the past 52 weeks, SGN has reached a high of $5.09, while it has fallen to a 52-week low of $0.11. The 50-Day Moving Average of the stock is -6.71%, while the 200-Day Moving Average is calculated to be -35.66%.

Shares Statistics:

It appears that SGN traded 11.74M shares on average per day over the past three months and 8801220 shares per day over the past ten days. A total of 13.25M shares are outstanding, with a floating share count of 9.93M. Insiders hold about 45.21% of the company’s shares, while institutions hold 19.12% stake in the company. Shares short for SGN as of 1730332800 were 56446 with a Short Ratio of 0.00, compared to 1727654400 on 46230. Therefore, it implies a Short% of Shares Outstanding of 56446 and a Short% of Float of 0.32.

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