Sui Group (NASDAQ:SUIG) Stock Moved Up to Sell by Wall Street Zen

Wall Street Zen upgraded shares of Sui Group (NASDAQ:SUIG) from a strong sell rating to a sell rating in a report issued on Saturday,Wall Street Zen reports.

SUIG has been the topic of several other reports. Alliance Global Partners restated a “buy” rating on shares of Sui Group in a report on Friday, August 7th. Cantor Fitzgerald lifted their price objective on Sui Group from $1.70 to $3.40 and gave the company an “overweight” rating in a research report on Thursday, September 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Sui Group in a research note on Friday, October 2nd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $3.40.

Sui Group Stock Performance

Shares of SUIG opened at $0.99 on Friday. The company’s 50 day moving average price is $1.23 and its 200 day moving average price is $1.26. Sui Group has a 52 week low of $0.79 and a 52 week high of $2.84. The company has a market capitalization of $75.79 million, a PE ratio of -3.29 and a beta of 1.29.

Sui Group (NASDAQ:SUIG) last released its earnings results on Thursday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.63. Sui Group had a negative net margin of 10,876.76% and a negative return on equity of 218.79%. The company had revenue of $0.31 million during the quarter. On average, equities analysts forecast that Sui Group will post -0.32 earnings per share for the current fiscal year.

About Sui Group

Sui Group Holdings Limited, formerly known as Mill City Ventures III, Ltd., is a digital asset treasury and investment company focused on the Sui blockchain ecosystem. The company’s strategy centers on acquiring and holding SUI, the native digital asset of the Sui network, as well as supporting opportunities connected to the broader ecosystem.

Sui is a Layer 1 blockchain designed to support decentralized applications, digital assets and other blockchain-based services. Through its treasury strategy, Sui Group seeks to provide investors with publicly traded exposure to SUI and may pursue investments or partnerships involving projects, infrastructure and businesses that use or contribute to the Sui network.

The company trades on the Nasdaq Capital Market under the symbol SUIG.