Does SGOCO Group Ltd. (NASDAQ:SGOC) have hidden weakness?


SGOCO Group, Ltd. (NASDAQ:SGOC), a member of Electronic Equipment, has a market of $19.37M.

The company has seen its stock rally between a high and a low of $-67.77% and $32.00%, respectively, over the last 12 months.

The Barchart Technical Opinion rating is a 88% Sell with a Strengthening short term outlook on maintaining the current direction. Longer term, the trend strength is Maximum. Long term indicators fully support a continuation of the trend. The market is approaching oversold territory. Be watchful of a trend reversal.

Recently, SGOCO Group, Ltd. (NASDAQ:SGOC) announced the closing of its previously announced $1,000,000 registered direct offering. As previously disclosed, SGOCO Group, Ltd. (the “Company”) sold to certain institutional investors (the “Investors”) up to $1,000,000 of our ordinary shares and warrants for a per share purchase price of $2.30. The warrants to purchase our ordinary shares are being issued to Investors in amount equal to 75% of the shares purchased by each Investor. The warrants are exercisable beginning on the date of issuance, and at any time up to four years from the date of issuance. Each warrant represents the right to purchase one ordinary share at an initial exercise price equal to $2.75 per share. The initial exercise price and the amount of shares issuable under the warrants are subject to adjustment upon the occurrence of certain events; provided that in no event will the exercise price per share be lower than $1.00.

The stock?s performance for the week is 6.45% and performance of the month is -35.29%. For the quarter, though, the stock has moved -45.45%, compared with -52.17% movement for the half-year period and -54.92%% for the year. So far this year shares of SGOCO Group, Ltd. have moved -56.00%.

SGOCO Group, Ltd. stock has average volume and relative volume of 42.19K and 4.09, respectively.

The weekly volatility measure for the stock of SGOCO Group, Ltd. is 35.13%, while the monthly volatility measure stands at 14.06%.

The stock has a short float of 0.21% and short ratio of 0.21, which is a market sentiment indicator offering a hint on whether investors expect a stock to rise or fall.

SGOCO Group, Ltd. has a current ratio of 0.40 for the most recent quarter. Quick ratio for the same period is 0.40.

SGOCO Group, Ltd. has produced return on equity of -5.20% for the last 12 months, while return on investment for the same period is -1.90%. It also generated return on assets of -4.60% for the trailing 12 months.

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