What The Financials Tell Us About Spruce Power Holding Corporatio (SPRU)

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Spruce Power Holding Corporatio (NYSE:SPRU) traded with an addition of $0.01 to close at $0.90 on Thursday, an upside of 1.12 percent. An average of 627,603 shares of common stock have been traded in the last five days. There was a fall of -$0.0568 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 679,856 shares traded, while the 50-day average volume stands at 686,328.

SPRU stock has decreased by -2.19% in the last month. The company shares reached their 1-month lowest point of $0.8100 on 12/16/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $0.69 and a high of $3.72 in 52 weeks. It has reached a new high 1 time so far this year and lost -73.11% or -$2.4068 in price. In spite of this, the price is down -75.80% from the 52-week high.

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Financial Health

The quick ratio of Spruce Power Holding Corporatio for the recent quarter was 5.10, and the current ratio was 5.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.55 and a total debt to equity ratio of 1.63 for the recent quarter. Its gross profit as reported stood at -$0.7 million compared to revenue of $15.6 million.

Earnings Surprise

At the end of the recent quarter, Spruce Power Holding Corporatio’s stock balance sheet showed total liabilities of 591.44 million. Shareholders own equity worth $144.12 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Spruce Power Holding Corporatio (SPRU) price momentum. RSI 9-day as of the close on 28 December was 49.51%, suggesting the stock is Neutral, with historical volatility in this time frame at 69.66%.

As of today, SPRU’s price is $0.9143 -5.92% or -$0.0568 from its 5-day moving average. SPRU is currently trading -5.92% lower than its 20-day SMA and -40.19% lower than its 100-day SMA. However, the stock’s current price level is +12.90% above the SMA50 and -55.51% below the SMA200.

The stochastic %K and %D were 46.78% and 57.39%, respectively, and the average true range (ATR) was 0.0667. With the 14-day stochastic at 54.82% and the average true range at 0.0717, the RSI (14) stands at 49.45%. The stock has reached -0.0134 on the 9-day MACD Oscillator while the 14-day reading was at -0.0085.

Analyst Ratings

The consensus rating for Spruce Power Holding Corporatio (SPRU) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SPRU, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is SPRU’s price target for the next 12 months?

Analysts predict a range of price targets between $6.00 and $6.00, with a median target of $6.00. Taking a look at these predictions, the average price target given by analysts for Spruce Power Holding Corporatio (SPRU) stock is $6.00.

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