Safe & Green Holdings Corp (NASDAQ:SGBX) shares are trading higher by 33.9% to 66 cents during Monday’s session. The company last week released its third-quarter results.
What To Know: SGBX reported a third-quarter EPS loss of $1.78, with sales of $1.75 million down from $4 million year-over-year. The company raised $2.4 million in gross proceeds through a warrant inducement transaction, bolstering its financial position to support growth initiatives.
Additionally, refinancing its Waldron Facility in Durant, Oklahoma, provides enhanced flexibility to scale production capacity and meet rising demand.
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Operationally, Safe & Green completed two major projects for a U.S. government contractor, demonstrating its expertise in delivering sustainable modular solutions for critical infrastructure. These successes strengthen its prospects for future federal and state contracts.
What Else: Chairman Paul Galvin emphasized the company’s progress, highlighting a $4 million reduction in operating expenses and an $886,000 improvement in gross profit over nine months. He also noted the growing recognition of the company's sustainable construction solutions.
While receiving a Nasdaq delinquency notice for delayed filing of its Q3 Form 10-Q, Safe & Green confirmed compliance after submitting the required documentation, affirming its commitment to transparency and listing requirements.
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How To Buy SGBX Stock
By now you're likely curious about how to participate in the market for Safe & Green Holdings – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
According to data from Benzinga Pro, SGBX has a 52-week high of $14.40 and a 52-week low of $0.38.
