Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
An announcement from Sg Blocks ( (SGBX) ) is now available.
Safe & Green Holdings Corp. reached a settlement agreement with EDI International PC to resolve ongoing litigation in the Superior Court of California. The litigation involved multiple allegations, but a jury previously ruled in favor of the company on several counts. As part of the settlement, EDI will pay Safe & Green Holdings Corp. $2,000,000, and both parties will waive further claims against each other, concluding the legal dispute.
The most recent analyst rating on (SGBX) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Sg Blocks stock, see the SGBX Stock Forecast page.
Spark’s Take on SGBX Stock
According to Spark, TipRanks’ AI Analyst, SGBX is a Underperform.
The overall stock score is heavily impacted by the company’s poor financial performance, with declining revenues and significant losses. Technical analysis further supports a bearish outlook, with the stock trading below key moving averages and showing weak momentum. Valuation metrics are unattractive due to negative earnings and lack of dividends. While corporate events suggest potential strategic growth, the risk of Nasdaq delisting remains a critical concern.
To see Spark’s full report on SGBX stock, click here.
More about Sg Blocks
Average Trading Volume: 444,130
Technical Sentiment Signal: Sell
Current Market Cap: $4.05M
For an in-depth examination of SGBX stock, go to TipRanks’ Overview page.