On Monday NASDAQ: SQBG soared 31.10% to 0.2331 increasing daily trading volume to 24,783,750 shares while the average daily volume equals its ten percent. Last week’s performance bounced the stock to a rising phase. In the pre-market activity at 5:26 AM EDT SQBG gains 127.37% surpassing 50 cent barrier.
Recently, announced Q1 2020 financial results inform declined revenue due to pandemic’s quarantine. $4 million negative change in revenue occurred quarterly. Q1 2020 operating income fell by $1.25 million dragging net income to $-86,613,000. Then, EPS for Q1 became $-0.0013.
The total market capitalization of Sequential Brands Group reaches $15.363 million while its 12 months based EPS is $-1.8550. In the equity analysis, one may conclude the company is overvalued on the market although unrest in U.S cities is not over, and risks to lose properties are much higher now.