Singularity Future Technology (SGLY) Stock Price, News & Analysis

Company Overview

Singularity Future Technology Corp. is a blank check company incorporated in Delaware in March 2021. The company completed its initial public offering that same month and its units began trading on the Nasdaq under the ticker symbol SGLY. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other business combination with one or more businesses or entities.

Through its acquisition strategy, Singularity Future Technology seeks to identify high-growth targets in emerging technology sectors such as artificial intelligence, blockchain applications, digital infrastructure and other related fields. The proceeds from its IPO are held in a trust account and will be used to finance an initial business combination pending shareholder approval. This blank check structure provides the flexibility to pursue opportunistic deals and partner with technology-driven companies poised for rapid growth.

The company is led by a management team with backgrounds in technology investment, corporate development and finance. Its leadership brings experience in sourcing, evaluating and executing complex transactions in the tech space, and aims to leverage public market access to deliver value through a targeted de-SPAC transaction. Until a business combination is completed, Singularity Future Technology remains focused on identifying and negotiating with prospective acquisition candidates aligned with its strategic objectives.

Key Stats

• Today's Range: $1.08 to $1.10
• 50-Day Range: $0.92 to $1.20
• 52-Week Range: $0.54 to $5.49
• Volume: 11,733 shs
• Average Volume: 746,402 shs
• Market Capitalization: $4.60 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

SGLY Stock Analysis - Frequently Asked Questions

How have SGLY shares performed this year?

Singularity Future Technology's stock was trading at $1.62 at the beginning of the year. Since then, SGLY shares have decreased by 32.4% and is now trading at $1.0950.

How were Singularity Future Technology's earnings last quarter?

Singularity Future Technology Ltd. (NASDAQ:SGLY) released its quarterly earnings results on Wednesday, February, 19th. The company reported ($0.19) earnings per share (EPS) for the quarter. The business had revenue of $0.48 million for the quarter. Singularity Future Technology had a negative net margin of 171.18% and a negative trailing twelve-month return on equity of 33.42%.

When did Singularity Future Technology's stock split?

Singularity Future Technology shares reverse split before market open on Friday, February 9th 2024.The 1-10 reverse split was announced on Friday, February 9th 2024. The number of shares owned by shareholders was adjusted after the market closes on Friday, February 9th 2024. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

How do I buy shares of Singularity Future Technology?

Shares of SGLY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Singularity Future Technology own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Singularity Future Technology investors own include NVIDIA (NVDA), Meta Platforms (META), Pfizer (PFE), Advanced Micro Devices (AMD), PayPal (PYPL), Tesla (TSLA) and Robinhood Markets (HOOD).

Company Calendar

• Last Earnings: 2/19/2025
• Today: 9/10/2025
• Next Earnings (Estimated): 10/13/2025
• Fiscal Year End: 6/30/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Technology Services
• Sub-Industry: Transportation
• Current Symbol: NASDAQ:SGLY
• CIK: 1422892
• Web: www.sino-global.net
• Phone: (718) 888-1814
• Fax: 718-888-1148
• Employees: 40
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): ($0.86)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$5.11 million
• Net Margins: -171.18%
• Pretax Margin: -150.60%
• Return on Equity: -33.42%
• Return on Assets: -21.67%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.64
• Quick Ratio: 2.64

Sales & Book Value

• Annual Sales: $3.14 million
• Price / Sales: 1.46
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $3.78 per share
• Price / Book: 0.29

Miscellaneous

• Outstanding Shares: 4,200,000
• Free Float: 3,775,000
• Market Cap: $4.60 million
• Optionable: No Data
• Beta: 1.18