Is STAF a good buy

**Staffing 360 Solutions, Inc. (STAF) does not appear to be a good buy at this time.** Here's why: 1. **Financial Performance**: The company has reported a net loss of $1.97 million for the quarter ending June 30, 2024, and a diluted EPS of -$3.55, indicating that the company is currently unprofitable. 2. **Revenue Growth**: The company has experienced a year-over-year revenue decline of 9.13%, which is a concern. 3. **Free Cash Flow and Debt**: The company has generated a positive free cash flow of $25.62 million as of June 30, 2024, and the debt-to-equity ratio is -1.59, indicating that the company has a negative debt-to-equity ratio. 4. **Technical Indicators**: The stock's technical indicators such as the 5-Day, 10-Day, and 50-Day moving averages are trending downwards, with the 50-Day moving average being the lowest at $2.06. The Relative Strength Index (RSI) is not available, but a downward trend in the moving averages could indicate a bearish sentiment. 5. **Support and Resistance Levels**: The current support level is at $2.28, and the resistance level is at $2.35. The stock is trading close to its support level, which could limit the stock's upside potential. 6. **Recent Developments**: Staffing 360 Solutions has implemented a reverse stock split to adjust the number of outstanding shares and has faced Nasdaq's listing qualifications issues. 7. **Market Sentiment**: The company's stock has experienced a significant decline, and there is a potential for delisting due to non-compliance with Nasdaq's listing rules. In conclusion, given the company's financial losses, revenue decline, negative debt-to-equity ratio, negative technical indicators, and the potential for delisting, it is advisable to exercise caution. Investors should consider the company's compliance with Nasdaq's listing rules, its ability to generate positive cash flow, and the achievability of analyst price targets before making an investment decision.