Cantor Fitzgerald Reaffirms “Overweight” Rating for Sui Group (NASDAQ:SUIG)

Sui Group (NASDAQ:SUIG)‘s stock had its “overweight” rating reiterated by equities researchers at Cantor Fitzgerald in a research report issued on Monday, Benzinga reports. They currently have a $3.40 price target on the stock. Cantor Fitzgerald‘s price target suggests a potential upside of 244.55% from the stock’s current price.

Several other equities research analysts also recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sui Group in a research note on Friday, October 2nd. Alliance Global Partners reissued a “buy” rating on shares of Sui Group in a research report on Friday, August 7th. Finally, Wall Street Zen upgraded Sui Group from a “strong sell” rating to a “sell” rating in a research note on Saturday. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Sui Group currently has a consensus rating of “Hold” and a consensus price target of $3.40.

Sui Group Price Performance

Sui Group stock opened at $0.99 on Monday. Sui Group has a 12-month low of $0.79 and a 12-month high of $2.84. The firm’s fifty day moving average is $1.23 and its 200 day moving average is $1.26. The company has a market capitalization of $75.79 million, a PE ratio of -3.29 and a beta of 1.29.

Sui Group (NASDAQ:SUIG) last issued its earnings results on Thursday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.63. The business 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 218.79%. Sell-side analysts expect that Sui Group will post -0.32 EPS for the current fiscal 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.

The company trades on the Nasdaq Capital Market under the symbol SUIG.