Spruce Power Holding Corporation (NYSE:SPRU) finished Friday with a subtraction of -$0.06 to close at $0.89, a downside of -6.14 percent. An average of 356,600 shares of common stock have been traded in the last five days. There was a fall of -$0.1083 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 355,305 shares traded, while the 50-day average volume stands at 367,524.
SPRU stock has increased by 2.42% in the last month. The company shares reached their 1-month lowest point of $0.8300 on 07/12/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $0.55 and a high of $1.55 in 52 weeks. It has reached a new high 11 times so far this year and lost -2.98% or -$0.0274 in price. In spite of this, the price is down -42.47% from the 52-week high.
Insider Transactions
SPRU stock investors should be aware that Spruce Power Holding Corporation (SPRU) stock had its last reported insider trading activity 144 days ago on Jun 07. In this transaction, the insider spent $53,707. Director, Tech Eric M., disposed of 59,883 shares at a price of $0.75 on Mar 13. The insider now owns more than $44,673 worth of shares. Prior to that, Director Tech Eric M. went on to Sale 49,238 shares at $0.90 each on Mar 06. An amount of $44,265 was transacted.
Valuation Metrics
Spruce Power Holding Corporation (SPRU) stock’s beta is 1.24. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.61, the price-to-book (PB) ratio at 0.50.
Financial Health
Further, the company has a long term debt to equity ratio of 2.27 and a total debt to equity ratio of 2.37 for the quarter ending June 29. Spruce Power Holding Corporation’s EBITDA margin for the year ending June 29 is -225.80%. Its gross profit as reported stood at $13.24 million compared to revenue of $23.19 million.
Earnings Surprise
For the three-month period that ended June 29, Spruce Power Holding Corporation had $594.4 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$19.4 million in the quarter, while revenues were grew 22.06%. The analyst consensus anticipated Spruce Power Holding Corporation’s latest quarter earnings to come in at -$0.17 per share, but it turned out to be -$0.08, a 52.90% surprise. For the quarter, EBITDA amounted to $1.98 million. Shareholders own equity worth $149.21 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Spruce Power Holding Corporation (SPRU) price momentum. RSI 9-day as of the close on 11 August was 42.56%, suggesting the stock is Neutral, with historical volatility in this time frame at 77.01%.
As of today, SPRU’s price is $0.9302 -10.83% or -$0.1083 from its 5-day moving average. SPRU is currently trading +3.55% higher than its 20-day SMA and +13.12% higher than its 100-day SMA. However, the stock’s current price level is +18.80% above the SMA50 and +23.83% above the SMA200.
The stochastic %K and %D were 31.80% and 34.84%, respectively, and the average true range (ATR) was 0.0785. With the 14-day stochastic at 12.06% and the average true range at 0.0740, the RSI (14) stands at 46.92%. The stock has reached -0.0334 on the 9-day MACD Oscillator while the 14-day reading was at -0.0367.
Analyst Ratings
The consensus rating for Spruce Power Holding Corporation (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 Corporation (SPRU) stock is $6.00.
