Signing Day Sports Inc. (NASDAQ: SGN) is experiencing an extraordinary surge in its stock price on May 28th, with shares catapulting by a staggering 165.06% by midday. As of 12:54 PM GMT-4, the stock is trading at 1.37 for the day in a highly volatile session.
The sports technology company saw its shares open dramatically higher at $3.17, a massive leap from its previous close of just $0.83. The buying frenzy continued, pushing the stock to an intraday high of $4.27. However, the session has also seen significant price swings, with the stock pulling back from its peak and touching an intraday low of $2.11 before settling at its current level. Despite the pullback from the day’s high, the current price still signifies a monumental gain for investors.
Key financial details for Signing Day Sports show a market capitalization of approximately $7.97 million (79.70L). The company does not currently have a reported Price-to-Earnings (P/E) ratio and does not offer a dividend yield.
Looking at its performance over the past year, SGN’s current surge places it significantly above its 52-week low of $0.44. The stock’s 52-week high stands at $36.70, a level that highlights the past volatility and potential for large price movements in this name. Investors are now keenly watching the stock’s trajectory for the remainder of the trading day.
