Sui Group (NASDAQ:SUIG) Raised to Sell at Wall Street Zen

Sui Group (NASDAQ:SUIG) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

Several other brokerages have also recently commented on SUIG. Alliance Global Partners reiterated a “buy” rating on shares of Sui Group in a research note on Friday, August 7th. Cantor Fitzgerald boosted their price objective on shares of Sui Group from $1.70 to $3.40 and gave the stock an “overweight” rating in a report on Thursday, September 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Sui Group in a research report on Friday, October 2nd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $3.40.

Sui Group Stock Performance

Shares of SUIG opened at $0.99 on Friday. The stock has a market capitalization of $75.79 million, a P/E ratio of -3.29 and a beta of 1.29. Sui Group has a 1 year low of $0.79 and a 1 year high of $2.84. The company’s fifty day moving average is $1.23 and its two-hundred day moving average is $1.26.

Sui Group (NASDAQ:SUIG) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.63. The company had revenue of $0.31 million for the quarter. Sui Group had a negative return on equity of 218.79% and a negative net margin of 10,876.76%. Sell-side analysts predict that Sui Group will post -0.32 EPS 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.