Full Answer
Is sgoco Group Ltd (sgoc) a good stock to buy?
At Walletinvestor.com we predict future values with technical analysis for wide selection of stocks like SGOCO Group Ltd (SGOC). If you are looking for stocks with good return, SGOCO Group Ltd can be a profitable investment option.
How often do you update the sgoc stock projections?
"SGOC" stock predictions are updated every 5 minutes with latest exchange prices by smart technical market analysis. Q&A about "SGOC" projections. At Walletinvestor.com we predict future values with technical analysis for wide selection of stocks like SGOCO Group Ltd (SGOC).
What is the sgoc stock price forecast for 2026-12-16?
Based on our forecasts, a long-term increase is expected, the "SGOC" stock price prognosis for 2026-12-16 is 9.611 USD. With a 5-year investment, the revenue is expected to be around +90.69%. Your current $100 investment may be up to $190.69 in 2027.
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.
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.
Why is SGOC stock rising?
The rise of SGOCO Group started late last week with retail traders targeting it on Friday. That resulted in massive interest in the stock that ended up pushing it almost 280% higher when trading came to a close that day. If the start of trading today is anything to go by, those traders aren't done yet.
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.
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 Scogo group?
SGOCO Group is a penny stock that manufactures phase change storage systems, among other items.
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
Who is Sgoco?
SGOCO Group (NASDAQ:SGOC) is a conglomerate with four primary businesses — virtual reality, energy saving technology, mortgage lending and real estate investment. Based in China, the multihyphenate company was thrust into the spotlight in July thanks to a two-session performance that saw SGOC stock soar 675%.
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.
Shares of former Penny Stock SGOC Surged Higher Friday
We talk about penny stocks all day, every day. Sure, there are stocks that breakout 50-100% daily. Many of these are short-lived and end up coming back down almost immediately. Whether it’s due to a discounted share offering or sell-off because a speculative event didn’t happen, the reason why they drop is secondary.
Why Is SGOC Stock Running?
We mentioned SGOC stock on Thursday (7/8) in our article, “ 8 Top Tech Penny Stocks to Watch in July 2021 .” As a tech company, SGOCO focuses on myriad products and solutions for its customers. These range from LCD and LED products to green energy solutions. It also has a VR tech offering, a money lending service, and even a fintech solution.
Penny Stocks Without News Can Run
The fact of the matter is penny stocks are usually different from higher-priced stocks like blue chips. While news events & corporate filings can play a very large role, so can other factors. In this case, we’ll look at some of the structural factors of the company.
SGOC Stock & High Volatilty
However, if you can’t spend time watching this trade, then it may be much more high risk than anything else. Case in point, Friday afternoon the SGOC stock price jumped from $8.59 to $12.33. It then fell to $7.50, then jumped back up to highs of $18.80. It dropped once again after that to nearly $10 before bouncing back up to $15.80.
Is SGOC Stock A Buy Or Sell?
Time will obviously tell when it comes to finally understanding what triggered this spike.
SGOC Stock at a Glance
That being said, it’s not hard to see why some folks might label SGOC stock as a Reddit stock.
Deficiency and Resolution
Since SGOC stock is above $1, that should help to assuage concerns that the company might fall out of compliance with the Nasdaq Exchange’s listing requirements.
Real Estate and More
So, what exactly are you getting when you take a stake in SGOCO Group?
The Takeaway on SGOC Stock
Going forward, SGOCO Group’s compliance with Nasdaq’s listing standards shouldn’t be a concern.
