Singularity Future Technology (NASDAQ:SGLY) Stock Moved Down to “Sell” by Wall Street Zen

Wall Street Zen lowered shares of Singularity Future Technology (NASDAQ:SGLY – Free Report) from a hold rating to a sell rating in a research note published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Singularity Future Technology in a report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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Singularity Future Technology Stock Down 6.2%

SGLY opened at $0.73 on Friday. The firm’s fifty day simple moving average is $2.88 and its two-hundred day simple moving average is $4.45. Singularity Future Technology has a 52-week low of $0.72 and a 52-week high of $16.38. The company has a market cap of $2.56 million, a price-to-earnings ratio of -0.03 and a beta of 1.45.

Singularity Future Technology Company Profile

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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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