Cantor Fitzgerald Reaffirms “Overweight” Rating for Sui Group (NASDAQ:SUIG)

Sui Group (NASDAQ:SUIG)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Cantor Fitzgerald in a research note issued on Monday, Benzinga reports. They currently have a $3.40 price target on the stock. Cantor Fitzgerald‘s price objective would suggest a potential upside of 244.55% from the company’s current price.

A number of other equities research analysts have also commented on the stock. Wall Street Zen raised shares of Sui Group from a “strong sell” rating to a “sell” rating in a research note on Saturday. Alliance Global Partners reiterated a “buy” rating on shares of Sui Group in a research report on Friday, August 7th. Finally, Weiss Ratings reissued 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 assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $3.40.

Sui Group Price Performance

Sui Group stock opened at $0.99 on Monday. The stock’s 50 day moving average is $1.23 and its 200 day moving average is $1.26. Sui Group has a one year low of $0.79 and a one year high of $2.84. The firm has a market cap of $75.79 million, a P/E 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 for the quarter, beating 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 business had revenue of $0.31 million during the quarter. Equities analysts anticipate 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.