Safe and Green Development (NASDAQ:SGD) Shares Up 51.6% – Time to Buy?

Shares of Safe and Green Development Corporation (NASDAQ:SGD) traded up 51.6% during trading on Thursday . The company traded as high as $0.35 and last traded at $0.2122. 836,075,419 shares traded hands during trading, an increase of 21,002% from the average session volume of 3,962,076 shares. The stock had previously closed at $0.14.

Safe and Green Development Trading Up 51.6%

The business’s fifty day moving average is $0.22 and its 200-day moving average is $0.85. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market cap of $1.88 million, a P/E ratio of -0.05 and a beta of 3.50.

Safe and Green Development (NASDAQ:SGD) last announced its earnings results on Friday, November 14th. The company reported ($1.12) EPS for the quarter. The company had revenue of $5.01 million for the quarter. Safe and Green Development had a negative return on equity of 733.82% and a negative net margin of 277.22%.

Institutional Investors Weigh In On Safe and Green Development

A hedge fund recently raised its stake in Safe and Green Development stock. Virtu Financial LLC increased its stake in shares of Safe and Green Development Corporation (NASDAQ:SGD) by 127.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,645 shares of the company’s stock after acquiring an additional 14,954 shares during the quarter. Virtu Financial LLC owned approximately 0.30% of Safe and Green Development worth $36,000 at the end of the most recent quarter. Institutional investors own 2.59% of the company’s stock.

Safe and Green Development Company Profile

Safe and Green Development Corporation operates as a real estate development company. It focuses on building single and multifamily projects. The company was formerly known as SGB Development Corp. and changed its name to Safe and Green Development Corporation in December 2022. The company was incorporated in 2021 and is based in Miami, Florida. Safe and Green Development Corporation is a subsidiary of Safe & Green Holdings Corp.