SFG.AX (Seafarms Group ASX) down 33% intraday 27 Feb 2026: key levels
SFG.AX stock plunged 33.33% intraday to A$0.002 on 27 Feb 2026 after heavy selling and a spike in volume. The drop follows an earnings update and pushed trading volume to 6,234,305.00 shares, well above the three-month average. Traders on the ASX should watch support at A$0.001 and resistance at A$0.003 as short-term momentum shifts.
Intraday price action for SFG.AX stock
Seafarms Group Limited (SFG.AX) opened at A$0.002 and fell from a previous close of A$0.003, a -33.33% move so far today. Volume reached 6,234,305.00, versus an average of 2,900,159.00, showing outsized selling interest.
Day range is A$0.002 to A$0.003 with a 52-week range of A$0.001 to A$0.003. Intraday price action signals a liquidity-driven sell-off in thin trading conditions on the ASX.
Earnings and fundamental drivers behind the SFG.AX stock drop
The company reported an EPS of -0.01 and a negative PE of -0.20, cited in the recent earnings announcement on 25 Feb 2026. Market reaction suggests investors penalised the weak profit metrics and declining revenue per share trends.
Seafarms operates in Consumer Defensive aquaculture. Revenues per share are 0.00297 and net income per share is -0.00239, underlining ongoing operating losses despite export growth efforts.
Balance sheet and valuation snapshot for SFG.AX stock
Key ratios show stress: debt to equity is 3.44, current ratio is 0.62, and cash per share is 0.00067. Market cap sits at A$9,733,499.00 and enterprise value at A$16,986,113.00, implying leverage relative to equity.
Value metrics include a price to sales of 0.67 and price to book of 3.20. These figures highlight high leverage and thin equity buffers for Seafarms on the ASX.
Technical signals and trading setup for SFG.AX stock
Momentum indicators are stretched: RSI is 88.70, Stochastic %K is 100.00, and ADX reads 63.34, indicating a strong intraday trend. The 50-day average is A$0.00217 and 200-day is A$0.00195, placing price near both moving averages.
Support sits near A$0.001 and immediate resistance at A$0.003. Given the thin float and high relative volume, expect volatile intraday swings and wide spreads on the ASX.
Meyka AI grade and forecast for SFG.AX stock
Meyka AI rates SFG.AX with a score out of 100: 61.27 (Grade B), suggestion: HOLD. This grade factors in S&P 500 comparison, sector performance, financial growth, key metrics, and analyst consensus.
Meyka AI’s forecast model projects a one-year price of A$0.00035, implying an approximate -82.54% downside versus the current A$0.002. Forecasts are model-based projections and not guarantees.
Risks, sector context and what traders should watch for SFG.AX stock
Major risks include high debt levels, negative operating margins, and thin liquidity that amplify moves on the ASX. Sector peers in Consumer Defensive are outperforming, placing Seafarms under pressure versus the group.
Monitor cash flow updates, export volume guidance, and any capital raise announcements. Also watch short interest and daily volume spikes for indications of further downside or a technical bounce.
Final Thoughts
SFG.AX stock is trading at A$0.002 after a sharp intraday sell-off of -33.33% on 27 Feb 2026. Weak earnings metrics, negative EPS (-0.01) and high leverage (debt to equity 3.44) explain the move. Technical indicators show an overbought momentum unwind with RSI 88.70 and unusually high volume 6,234,305.00, increasing short-term volatility on the ASX. Meyka AI’s forecast model projects A$0.00035 in one year, an implied downside near -82.54% versus the current price. Traders should treat the situation as high risk, and watch for cash-flow updates, any equity or debt refinancing, and a break of A$0.001 support. Our coverage uses data-driven signals and Meyka AI’s analysis to flag near-term downside while highlighting specific levels that would need to change for a bullish reassessment. Forecasts are model-based projections and not guarantees.
FAQs
Why did SFG.AX stock drop so sharply today?
SFG.AX stock fell after an earnings update showing EPS of -0.01 and a negative PE. Heavy selling pushed volume to 6,234,305.00 shares, amplifying moves in a thin market on the ASX.
What are the nearest support and resistance levels for SFG.AX stock?
Short-term support is around A$0.001 and immediate resistance is A$0.003. Breaks of these levels on high volume will shape the next trading range for SFG.AX stock.
How does Meyka AI view SFG.AX stock?
Meyka AI rates SFG.AX with a score out of 100: 61.27 (Grade B), suggestion: HOLD. The model highlights leverage and weak profitability as key concerns for SFG.AX stock.
Is there a forecast for SFG.AX stock price?
Meyka AI’s forecast model projects A$0.00035 in one year, implying roughly -82.54% versus A$0.002 today. Forecasts are model-based projections and not guarantees.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.