Shineco Stock Price on March 26, 2024

SISI Stock  USD 2.28  0.05  2.24%   
Below is the normalized historical share price chart for Shineco extending back to September 28, 2016. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Shineco stands at 2.28, as last reported on the 24th of December, with the highest price reaching 3.37 and the lowest price hitting 2.20 during the day.
IPO Date
28th of September 2016
200 Day MA
20.7721
50 Day MA
2.9642
Beta
(0)
 
Covid
If you're considering investing in Shineco Stock, it is important to understand the factors that can impact its price. Shineco owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14% return per unit of risk over the last 3 months. Shineco exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shineco's Coefficient Of Variation of (519.95), variance of 63.92, and Risk Adjusted Performance of (0.14) to confirm the risk estimate we provide.
  
As of now, Shineco's Common Stock Shares Outstanding is increasing as compared to previous years. The Shineco's current Capital Stock is estimated to increase to about 7.1 M, while Liabilities And Stockholders Equity is projected to decrease to under 57.4 M. . As of now, Shineco's Price To Book Ratio is increasing as compared to previous years. The Shineco's current Price Sales Ratio is estimated to increase to 644.73, while Price Earnings To Growth Ratio is projected to decrease to (199.60). Shineco Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1369

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Estimated Market Risk

 7.34
  actual daily
65
65% of assets are less volatile

Expected Return

 -1.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.14
  actual daily
0
Most of other assets perform better
Based on monthly moving average Shineco is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Shineco by adding Shineco to a well-diversified portfolio.
Price Book
0.1131
Enterprise Value Ebitda
(3.23)
Price Sales
0.3946
Shares Float
1.2 M
Earnings Share
(171.02)

Shineco Valuation on March 26, 2024

It is possible to determine the worth of Shineco on a given historical date. On March 26, 2024 Shineco was worth 17.29 at the beginning of the trading date compared to the closed value of 17.28. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shineco stock. Still, in general, we apply an absolute valuation method to find Shineco's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Shineco where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shineco's related companies.
 Open High Low Close Volume
  18.11    18.59    17.64    17.67    1,141  
03/26/2024
  17.29    18.24    17.04    17.28    1,463  
  17.28    17.76    16.80    16.82    1,446  
Backtest Shineco  |  Shineco History  |  Shineco Valuation   PreviousNext  
Open Value
17.29
17.28
Closing Value
39.32
Upside

Shineco Trading Date Momentum on March 26, 2024

On March 27 2024 Shineco was traded for  16.82  at the closing time. The top price for the day was 17.76  and the lowest listed price was  16.80 . The trading volume for the day was 1.4 K. The trading history from March 27, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 2.66% . The trading price change against the current closing price is 4.17% .

Shineco Fundamentals Correlations and Trends

By evaluating Shineco's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Shineco's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shineco financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Shineco Stock history

Shineco investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Shineco is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shineco will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Shineco stock prices may prove useful in developing a viable investing in Shineco
Last ReportedProjected for Next Year
Common Stock Shares Outstanding5.3 M5.6 M
Net Loss-12 M-12.6 M

Shineco Stock Technical Analysis

Shineco technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Shineco technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Shineco trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Shineco Period Price Range

Low
December 24, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Shineco cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Shineco December 24, 2024 Market Strength

Market strength indicators help investors to evaluate how Shineco stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shineco shares will generate the highest return on investment. By undertsting and applying Shineco stock market strength indicators, traders can identify Shineco entry and exit signals to maximize returns

Shineco Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Shineco's price direction in advance. Along with the technical and fundamental analysis of Shineco Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shineco to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Shineco Stock analysis

When running Shineco's price analysis, check to measure Shineco's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Shineco is operating at the current time. Most of Shineco's value examination focuses on studying past and present price action to predict the probability of Shineco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shineco's price. Additionally, you may evaluate how the addition of Shineco to your portfolios can decrease your overall portfolio volatility.
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