Sui Group’s (SUIG) Overweight Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of Sui Group (NASDAQ:SUIG) in a research report released on Monday morning,Benzinga reports. The firm currently has a $3.40 target price on the stock.

Other research analysts also recently issued reports about the stock. Wall Street Zen raised shares of Sui Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 7th. Alliance Global Partners reaffirmed a “buy” rating on shares of Sui Group in a report on Friday, August 7th. 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 assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Sui Group has an average rating of “Hold” and a consensus target price of $3.40.

Sui Group Stock Performance

SUIG stock opened at $0.91 on Monday. The company has a market capitalization of $70.09 million, a price-to-earnings ratio of 3.91 and a beta of 1.29. The stock has a fifty day moving average of $1.23 and a 200-day moving average of $1.25. Sui Group has a fifty-two week low of $0.79 and a fifty-two week high of $2.44.

Sui Group (NASDAQ:SUIG) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.63. The firm had revenue of $0.31 million for the quarter. Sui Group had a negative net margin of 10,876.76% and a negative return on equity of 211.94%. Equities analysts predict that Sui Group will post -0.32 EPS for the current year.

About Sui Group

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.