The Vanguard Group, Inc. recently announced the acquisition of new stake in Safe and Green Development Corp (NASDAQ:SGD). This fresh investment now brings its stake to 0.57% valued currently at $0.11 million. In addition, BlackRock Fund Advisors raised its holdings by 25790.0 to 25790.0 shares.
With over 48.94 million Safe and Green Development Corp (SGD) shares trading Friday and a closing price of $2.03 on the day, the dollar volume was approximately $99.36 million. Currently, there are 16.30M common shares owned by the public and among those 3.45M shares have been available to trade.
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The top 3 mutual fund holders in Safe and Green Development Corp are Vanguard Extended Market Index Fu, Vanguard Total Stock Market ETF, and Fidelity Extended Market Index Fu. Vanguard Extended Market Index Fu owns 39530.0 shares of the company’s stock, all valued at over $77084.0. The company bought an additional 5389.0 shares recently to bring their total holdings to about 0.40% of the shares outstanding. Fidelity Extended Market Index Fu now owns shares totaling to 0.15% of the shares outstanding.
Shares of Safe and Green Development Corp (NASDAQ: SGD) opened at $1.95, up $0.59 from a prior closing price of $1.36. However, the script later moved the day high at 2.3200, up 49.26%. The company’s stock has a 5-day price change of 49.26% and 35.33% over the past three months. It has a 12-month low price of $0.38 and touched a high of $10.46 over the same period. SGD has an average intraday trading volume of 1.78 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 33.91%, 24.80%, and 15.97% respectively.
Institutional ownership of Safe and Green Development Corp (NASDAQ: SGD) shares accounts for 1.34% of the company’s 16.30M shares outstanding. Mutual fund holders own 0.82%, while other institutional holders and individual stakeholders account for 65.54% and 0.52% respectively.
It has a market capitalization of $20.30M. Price movements for the stock have been influenced by the stock’s volatility, which stands at 17.12% over the week and 15.03% over the month.
Analysts forecast that Safe and Green Development Corp (SGD) will achieve an EPS of -$0.03 for the current quarter, $0 for the next quarter and -$0.12 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.03 while analysts give the company a high EPS estimate of -$0.03.
