Singularity Future Technology (NASDAQ:SGLY) Trading Up 2.6% – Time to Buy?

Singularity Future Technology Ltd. (NASDAQ:SGLY)’s stock price traded up 2.6% during trading on Wednesday . The stock traded as high as $0.6478 and last traded at $0.6209. 19,446 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 141,270 shares. The stock had previously closed at $0.6050.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Singularity Future Technology in a research report on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Singularity Future Technology presently has a consensus rating of “Sell”.

Singularity Future Technology Price Performance

The stock has a market capitalization of $2.61 million, a price-to-earnings ratio of -0.20 and a beta of 1.16. The business has a fifty day moving average of $0.69 and a 200 day moving average of $0.93.

About Singularity Future Technology

Singularity Future Technology Ltd. operates as an integrated logistics solutions provider in China and the United States. It offers freight logistics services, including shipping, transportation, warehouse, collection, last-mile delivery, drop shipping, customs clearance, and overseas transit delivery services.