Full Answer
Why did sgoco Group stock jump over 100 million shares?
With no news released from SGOCO Group that could have caused this move, it is possible this huge jump was caused by Reddit traders or Wall Street firms buying up shares. SGOCO Group's average 10-day trading volume is only 664,000 shares. Today, its stock is on pace to trade over 100 million times.
What is sgoco group's market capitalization?
SGOCO Group has a market capitalization of $0.00 and generates $4.29 million in revenue each year. How many employees does SGOCO Group have? SGOCO Group employs 14 workers across the globe. What is SGOCO Group's official website? Where are SGOCO Group's headquarters?
How much money does sgoco make a year?
SGOCO Group has a market capitalization of $0.00 and generates $4.29 million in revenue each year. How many employees does SGOCO Group have? SGOCO Group employs 14 workers across the globe.
Is sgoco group a good long-term investment?
As of this writing, SGOCO Group has a market cap of close to $2.5 billion. Its underlying business is not nearly as large. In 2020 it did $4 million in revenue, had a negative gross profit, and has reported an operating loss each year since 2016. With Reddit traders fixed on SGOCO Group, long-term investors should stay far, far away from the stock.
Is SGOC a buy?
If you are looking for stocks with good return, SGOCO Group Ltd can be a profitable investment option. SGOCO Group Ltd quote is equal to 5.040 USD at 2022-05-27. Based on our forecasts, a long-term increase is expected, the "SGOC" stock price prognosis for 2026-12-16 is 9.611 USD.
Is SGOC a meme stock?
Meme stocks were at it again today as a number of popular Reddit names soared, with Sgoco Group (SGOC 2.91%) among them.
What is going on with SGOC?
The Company notified the Nasdaq Capital Market of the Name Change and the change of its trading symbol from "SGOC" to "TROO". At the opening of the market today, the Company's ordinary shares will begin trading on the Nasdaq Capital Market under the Company's new name, TROOPS, Inc., and its new trading symbol, TROO.
What does SGOC stock do?
SGOCO Group Ltd focused on developing its own brands and distribution in the Chinese flat panel display market. The Company's main products are LCD/LED monitors TVs and other application specific products.
What does SGoC stand for?
SGoCAcronymDefinitionSGoCSolicitor General of CanadaSGoCSan Gallenses Oeconomiae Comites (Italian; University of St. Gallen student association; Ticino, Switzerland)SGoCSociety of Gynecologic Oncologists of Canada
What is Scogo group?
SGOCO Group is a penny stock that manufactures phase change storage systems, among other items.
What happened
Shares of SGOCO Group ( NASDAQ:SGOC) were up over 500% on Friday on heavy trading volume. The penny stock didn't release any news to trigger this price movement. As of 3:11 p.m. EDT, the stock was up 384% for the day.
So what
SGOCO Group is a penny stock that manufactures phase change storage systems, among other items. Headquartered in Hong Kong, the company now has a market cap of over $1 billion but only $4 million in 2020 revenue, $3 million in cash on its balance sheet, and is currently unprofitable.
Now what
It can be exciting to trade stocks that go up over 100% in a single day, but it is a dangerous game that can lead to huge losses. SGOCO is a penny stock with barely a real business but it trades at a market cap of over $1 billion. The stock may have gone up 500% this morning, but investors should stay far away from shares of SGOCO Group.
Who are some of SGOCO Group's key competitors?
Some companies that are related to SGOCO Group include Maxar Technologies (MAXR), CommScope (COMM), Harmonic (HLIT), Cambium Networks (CMBM), Sierra Wireless (SWIR), Comtech Telecommunications (CMTL), Gilat Satellite Networks (GILT), Telesat (TSAT), TROOPS (TROO), Vuzix (VUZI), Casa Systems (CASA), Aviat Networks (AVNW), BlackSky Technology (BKSY), CalAmp (CAMP) and Ceragon Networks (CRNT). View all of SGOC's competitors..
What other stocks do shareholders of SGOCO Group own?
Based on aggregate information from My MarketBeat watchlists, some companies that other SGOCO Group investors own include Sierra Oncology (SRRA), Co-Diagnostics (CODX), iBio (IBIO), Onconova Therapeutics (ONTX), Tonix Pharmaceuticals (TNXP), Acasti Pharma (ACST), Actinium Pharmaceuticals (ATNM), Inovio Pharmaceuticals (INO), Inpixon (INPX) and Research Frontiers (REFR)..
Who are SGOCO Group's major shareholders?
SGOCO Group's stock is owned by many different institutional and retail investors. Top institutional investors include Susquehanna International Group LLP (0.00%), Citadel Advisors LLC (0.00%), Wolverine Trading LLC (0.00%), Concourse Financial Group Securities Inc. (0.00%), Belvedere Trading LLC (0.00%) and Cutler Group LP (0.00%).
Which major investors are selling SGOCO Group stock?
SGOC stock was sold by a variety of institutional investors in the last quarter, including Susquehanna International Group LLP, Belvedere Trading LLC, Cutler Group LP, Wolverine Trading LLC, and Citadel Advisors LLC.
How much money does SGOCO Group make?
SGOCO Group has a market capitalization of $0.00 and generates $4.29 million in revenue each year.
Where are SGOCO Group's headquarters?
SGOCO Group is headquartered at 21/F 8 FUI YIU KOK STREET TSUEN WAN, HONG KONG F4, 362200.