Zeke Capital Advisors LLC recently announced the acquisition of new stake in SG Blocks Inc. (NASDAQ:SGBX). This fresh investment now brings its stake to 2.32% valued currently at $0.59 million. In addition, Empery Asset Management LP raised its holdings by 0.12 million to 0.12 million shares.
With over 1.69 million SG Blocks Inc. (SGBX) shares trading Tuesday and a closing price of $2.10 on the day, the dollar volume was approximately $3.55 million. The shares have shown a negative weekly performance of -4.55% and its price on 09/01/20 gained nearly 1.45%. Currently, there are 8.60M common shares owned by the public and among those 7.90M 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 SGBX have a consensus price objective of $6.00. The analysts have set the share’s price value over the next 12 months at a high of $6.00 and a low of $6.00 should the stock experience a downside. But an upside of 65.0% will see the stock hit the forecast high price target while mean target price for the stock is $6.00.
Vanguard Extended Market Index Fu owns 17191.0 shares of the company’s stock, all valued at over $50713.0. The company bought an additional 6000.0 shares recently to bring their total holdings to about 0.20% of the shares outstanding. USAA Extended Market Index Fund bought 1234.0 shares to see its total holdings expand to 1431.0 shares valued at over $4221.0 and representing 0.02% of the shares outstanding.
Shares of SG Blocks Inc. (NASDAQ: SGBX) opened at $2.15, up $0.08 from a prior closing price of $2.07. However, the script later closed the day at $2.10, up 1.45%. The company’s stock has a 5-day price change of -4.55% and -15.32% over the past three months. SGBX shares are trading -33.08% year to date (YTD), with the 12-month market performance down to -82.50% lower. It has a 12-month low price of $1.16 and touched a high of $15.69 over the same period. Currently, 1.69 million shares have been traded, compared to an average intraday trading volume of 1.15 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -16.12%, -21.04%, and -33.47% respectively.
Institutional ownership of SG Blocks Inc. (NASDAQ: SGBX) shares accounts for 15.10% of the company’s 8.60M shares outstanding. Mutual fund holders own 2.18%, while other institutional holders and individual stakeholders account for 7.83% and 0.22% respectively.
It has a market capitalization of $18.02M. The earnings-per-share (ttm) stands at -$14.23. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.18% over the week and 7.80% over the month.
Analysts forecast that SG Blocks Inc. (SGBX) will achieve an EPS of $0.04 for the current quarter, $0.06 for the next quarter and $0 for 2021. The lowest estimate earnings-per-share for the quarter is $0.04 while analysts give the company a high EPS estimate of $0.04. Comparatively, EPS for the current quarter was -$4.6 a year ago.
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.”