(SGD) Safe Green Development - Ratings and Ratios

Safe and Green Development Corporation (NASDAQ:SGD) is a real estate development firm specializing in single-family and multifamily housing projects. Formerly known as SGB Development Corp., the company rebranded as Safe and Green Development Corporation in December 2022 to align with its parent entity, Safe & Green Holdings Corp. Incorporated in 2021 and headquartered in Miami, Florida, the company focuses on sustainable and modular construction practices. Its parent company, Safe & Green Holdings Corp., emphasizes eco-friendly building solutions, which likely influences SGDs operational framework. For more information, visit their website: https://www.safeandgreenholdings.com/modular-devel.

Based on the provided data, here is a 3-month forecast: - Technical Outlook: SGDs stock price is currently at $1.29, with its SMA 20 and SMA 50 at the same level as the last price, indicating a potential sideways trend. The SMA 200 at $4.53 suggests long-term bearish momentum. ATR of 0.19 signals low volatility, which may lead to a narrow trading range. - Fundamental Outlook: With a market cap of $1.57M and a P/S ratio of 9.09, SGD is a micro-cap stock with a high price-to-sales ratio, indicating potential overvaluation. The P/B ratio of 2.56 further suggests the stock may be trading above its book value. - Forecast: Over the next 3 months, SGD is likely to face downward pressure due to its high P/S ratio and bearish SMA trends. Investors should monitor volume and price movements closely, as the stock may remain range-bound or decline further.