Singularity Future Technology (NASDAQ:SGLY) Stock Rating Lowered by Wall Street Zen

Singularity Future Technology (NASDAQ:SGLY – Get Free Report) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Singularity Future Technology in a research note on Monday, August 3rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Get Our Latest Analysis on SGLY

Singularity Future Technology Stock Performance

Shares of SGLY opened at $0.73 on Friday. The stock has a market cap of $2.56 million, a P/E ratio of -0.03 and a beta of 1.45. The company has a 50-day moving average of $2.88 and a two-hundred day moving average of $4.44. Singularity Future Technology has a 12-month low of $0.72 and a 12-month high of $16.38.

About Singularity Future Technology

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Singularity Future Technology Limited is a technology company focused primarily on digital-asset mining and related blockchain activities. Its operations have included the deployment and management of cryptocurrency-mining equipment, as well as efforts to develop infrastructure and services supporting blockchain-based businesses.

The company was formerly known as Sino-Global Shipping America, Ltd. and historically provided shipping-related services, including logistics coordination and freight-forwarding support.

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