Safe & Green (NASDAQ:SGBX) Shares Up 8.5% – Should You Buy?

Safe & Green Holdings Corp. (NASDAQ:SGBX)’s stock price shot up 8.5% during trading on Friday . The company traded as high as $2.08 and last traded at $2.04. 465,261 shares traded hands during trading, a decline of 63% from the average session volume of 1,261,066 shares. The stock had previously closed at $1.88.

Wall Street Analyst Weigh In

SGBX has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Safe & Green in a research report on Wednesday, October 8th. Wall Street Zen upgraded Safe & Green to a “sell” rating in a research note on Saturday, September 13th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Safe & Green Price Performance

The stock’s 50 day simple moving average is $2.86 and its 200-day simple moving average is $14.74. The firm has a market cap of $12.57 million, a price-to-earnings ratio of -0.03 and a beta of 1.89. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.14 and a current ratio of 0.18.

Safe & Green (NASDAQ:SGBX) last announced its quarterly earnings data on Friday, November 14th. The company reported ($12.68) earnings per share for the quarter. The company had revenue of $1.09 million for the quarter. Safe & Green had a negative net margin of 544.66% and a negative return on equity of 118.68%.

Institutional Investors Weigh In On Safe & Green

A hedge fund recently raised its stake in Safe & Green stock. XTX Topco Ltd raised its holdings 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 fund owned 50,561 shares of the company’s stock after purchasing an additional 39,576 shares during the quarter. XTX Topco Ltd owned 0.41% of Safe & Green worth $33,000 at the end of the most recent reporting period. 3.50% of the stock is currently owned by institutional investors and hedge funds.

Safe & Green Company Profile

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.