Safe & Green (NASDAQ:SGBX) Stock Price Up 7.3% – What’s Next?

Shares of Safe & Green Holdings Corp. (NASDAQ:SGBX) rose 7.3% during mid-day trading on Monday . The stock traded as high as $1.56 and last traded at $1.5450. Approximately 2,814,594 shares were traded during mid-day trading, an increase of 323% from the average daily volume of 664,972 shares. The stock had previously closed at $1.44.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Safe & Green in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Safe & Green Stock Up 7.3%

The stock has a market capitalization of $9.55 million, a PE ratio of -0.03 and a beta of 1.89. The stock’s fifty day simple moving average is $2.66 and its 200-day simple moving average is $9.47. The company has a current ratio of 0.18, a quick ratio of 0.14 and a debt-to-equity ratio of 0.24.

Safe & Green (NASDAQ:SGBX) last announced its quarterly earnings data on Friday, November 14th. The company reported ($12.68) earnings per share (EPS) for the quarter. Safe & Green had a negative net margin of 544.66% and a negative return on equity of 118.68%. The business had revenue of $1.05 million during the quarter.

Hedge Funds Weigh In On Safe & Green

An institutional investor recently raised its position in Safe & Green stock. XTX Topco Ltd lifted its position in Safe & Green Holdings Corp. (NASDAQ:SGBX) by 360.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,561 shares of the company’s stock after purchasing an additional 39,576 shares during the quarter. XTX Topco Ltd owned about 0.41% of Safe & Green worth $33,000 at the end of the most recent quarter. Institutional investors own 3.50% of the company’s stock.

About Safe & Green

Safe & Green Holding Corp (NASDAQ: SGBX) is a diversified cannabis and hemp company that develops, cultivates, manufactures and retails a range of cannabinoid-based products. Through its subsidiaries, the company operates state-licensed cultivation facilities and processing centers, producing items such as dried flower, pre-rolls, concentrates, vape cartridges and hemp-derived wellness products. Its vertically integrated approach is designed to oversee every stage of the supply chain—from seed to sale—ensuring consistent quality and regulatory compliance.

Founded in 2019, Safe & Green has pursued a growth strategy centered on acquiring and operating licensed assets in U.S.