Singlepoint Inc’s Market Journey: Closing Strong at 0.19, Up 9.94

Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.

The closing price of Singlepoint Inc (AMEX: SING) was $0.19 for the day, up 9.94% from the previous closing price of $0.17. In other words, the price has increased by $9.94 from its previous closing price. On the day, 0.88 million shares were traded. SING stock price reached its highest trading level at $0.19 during the session, while it also had its lowest trading level at $0.173.

Ratios:

Our analysis of SING’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.16 and its Current Ratio is at 0.28.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 19 ’23 when Ralston Wil bought 100,000 shares for $5.00 per share. The transaction valued at 500,000 led to the insider holds 137,267 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SING now has a Market Capitalization of 1157824 and an Enterprise Value of 16180976. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.01. Its current Enterprise Value per Revenue stands at 0.541 whereas that against EBITDA is -5.55.

Stock Price History:

The Beta on a monthly basis for SING is -0.43, which has changed by -0.76441103 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, SING has reached a high of $383.76, while it has fallen to a 52-week low of $0.09. The 50-Day Moving Average of the stock is -22.14%, while the 200-Day Moving Average is calculated to be -98.87%.

Shares Statistics:

SING traded an average of 502.21K shares per day over the past three months and 308490 shares per day over the past ten days. A total of 1.13M shares are outstanding, with a floating share count of 0.92M. Insiders hold about 19.04% of the company’s shares, while institutions hold 41.01% stake in the company.

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