What Analysts Say about the Spruce Power Holding Corporatio (SPRU) Stock

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Spruce Power Holding Corporatio (NYSE:SPRU) saw a downside of -4.68% to $1.33 after subtracting -$0.06 on Wednesday. The 5-day average trading volume is 850,311 shares of the company’s common stock. It has gained $1.5200 in the past week and touched a new high 3 times within the past 5 days. An average of 607,018 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 669,303.

SPRU’s 1-month performance is 44.79% or $0.3471 on its low of $0.8500 reached on 12/29/22. The company’s shares have touched a 52-week low of $0.69 and high of $2.50, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, SPRU has achieved 51.23% or $0.3809 and has reached a new high 10 times. However, the current price is down -47.00% from the 52-week high price.

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Valuation Metrics

SPRU stock has a beta of 0.97. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.22 while the price-to-book (PB) in the most recent quarter is 0.63.

Spruce Power Holding Corporatio’s quick ratio for the period ended June 29 was 5.10, with the current ratio over the same period at 5.40. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.55, while the total debt to equity was 1.63. In terms of profitability, the gross margin trailing 12 months is 9.00%. The firm’s gross profit as reported stood at -$0.7 million against revenue of $15.6 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected SPRU to announce -$0.17 per share in earnings in its latest quarter, but it posted -$0.08, representing a 52.90% surprise. EBITDA for the quarter stood at more than -$26.3 million. SPRU stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 591.44 million, with total debt at $518.84 million. Shareholders hold equity totaling $144.12 million.

Let’s look briefly at Spruce Power Holding Corporatio (SPRU) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 59.95% to suggest the stock is trending Neutral, with historical volatility in this time period at 95.57%.

The stock’s 5-day moving average is $1.3560, reflecting a +0.78% or $0.0100 change from its current price. SPRU is currently trading +36.43% above its 20-day SMA, +16.07% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +49.29% and SMA200 by-30.48%.

Stochastic %K and %D was 77.48% and 85.03% and the average true range (ATR) pointed at 0.1101. The RSI (14) points at 61.76%, while the 14-day stochastic is at 64.52% with the period’s ATR at 0.1024. The stock’s 9-day MACD Oscillator is pointing at 0.0822 and 0.1751 on the 14-day charts.

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