Last Updated: 16 Oct 2024
Executive Summary
Sacks Parente Golf, Inc. (SPGC) is a small-cap company in the sporting goods industry. The company has been facing challenges in recent years, with declining sales and profitability. The stock price has fallen significantly in the past year, and is now trading at $1.71.
Company Overview
Sacks Parente Golf designs, manufactures, and distributes golf equipment and accessories. The company's products are sold through a variety of channels, including golf retailers, pro shops, and online retailers. Sacks Parente Golf has been in business for over 50 years, and is headquartered in Camarillo, California.
Fundamental Analysis
Sacks Parente Golf's financial performance has been weak in recent years. The company's revenue has declined from $1.6 million in 2020 to $1.3 million in 2023. The company's net income has also declined, from $200,000 in 2020 to a loss of $5.4 million in 2023.
The company's financial ratios are also weak. Sacks Parente Golf's gross profit margin is 0%, and its operating margin is -1.48%. The company's return on assets is -1.41%, and its return on equity is -17.71%.
Technical Analysis
Sacks Parente Golf's stock price has been in a downtrend for the past year. The stock price is currently trading below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is also below 30, which indicates that the stock is oversold.
Short Term Outlook
The short-term outlook for Sacks Parente Golf is negative. The company's financial performance is weak, and its stock price is in a downtrend. The stock is likely to continue to decline in the near term.
Long Term Outlook
The long-term outlook for Sacks Parente Golf is uncertain. The company's financial performance has been weak for several years, and it is unclear when the company will be able to return to profitability. The stock price is likely to remain volatile in the long term.
Analyst Recommendations
Analysts are divided on the outlook for Sacks Parente Golf. Some analysts believe that the company's financial performance will improve in the future, while others believe that the company will continue to struggle. The consensus analyst rating for Sacks Parente Golf is "hold."
