Sui Group (NASDAQ:SUIG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sui Group (NASDAQ:SUIG) from a strong sell rating to a sell rating in a research report released on Saturday morning,Wall Street Zen reports.

Other equities analysts have also issued research reports about the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Sui Group in a research report on Friday, October 2nd. Alliance Global Partners reaffirmed a “buy” rating on shares of Sui Group in a research report on Friday, August 7th. Finally, Cantor Fitzgerald increased their price target on shares of Sui Group from $1.70 to $3.40 and gave the stock an “overweight” rating in a research note on Thursday, September 10th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sui Group presently has an average rating of “Hold” and a consensus target price of $3.40.

Sui Group Stock Performance

SUIG stock opened at $0.96 on Friday. Sui Group has a fifty-two week low of $0.79 and a fifty-two week high of $2.84. The business’s 50 day moving average price is $1.23 and its two-hundred day moving average price is $1.26. The company has a market capitalization of $73.50 million, a price-to-earnings ratio of 4.61 and a beta of 1.29.

Sui Group (NASDAQ:SUIG) last released its earnings results on Thursday, November 5th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.63. Sui Group had a negative return on equity of 130.66% and a negative net margin of 11,371.76%. The company had revenue of $0.31 million during the quarter. Sell-side analysts forecast that Sui Group will post -0.32 earnings per share for the current year.

Sui Group Company Profile

Sui Group Holdings Limited, formerly known as Mill City Ventures III, Ltd., is a digital asset treasury and investment company focused on the Sui blockchain ecosystem. The company’s strategy centers on acquiring and holding SUI, the native digital asset of the Sui network, as well as supporting opportunities connected to the broader ecosystem.

Sui is a Layer 1 blockchain designed to support decentralized applications, digital assets and other blockchain-based services. Through its treasury strategy, Sui Group seeks to provide investors with publicly traded exposure to SUI and may pursue investments or partnerships involving projects, infrastructure and businesses that use or contribute to the Sui network.

The company trades on the Nasdaq Capital Market under the symbol SUIG.