At the last check on Thursday, Spok Holdings Inc.’s (NASDAQ:SPOK) stock was down -$0.82, moving down -5.42 percent to $14.26. The average number of shares traded per day over the past five days has been 342,959 shares. 4 times new highs have been achieved over the past 5 days, with a -$0.55 fall in that time frame. In the last twenty days, the average volume was 222,965, while in the previous 50 days, it was 247,150.
Since last month, SPOK stock rose 8.71%. Shares of the company fell to $12.82 on 08/22/23, the lowest level in the past month. A 52-week high of $15.97 was reached on 09/20/23 after having rallying from a 52-week low of $7.15. Since the beginning of this year, SPOK’s stock price has risen by 74.15% or $5.98, and marked a new high 31 times. However, the stock has declined by -10.71% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
SPOK stock investors should be aware that Spok Holdings Inc. (SPOK) stock had its last reported insider trading activity 112 days ago on Jun 01. Rice Calvin, the Chief Financial Officer & CAO of the company, purchased of 420 shares for $11.90 on Jun 01. It resulted in a $4,998 investment by the insider. Stein Todd J added 9,567 shares at an average price of $9.63 on Mar 17. The insider now owns 844,735 shares following the transaction. On Mar 17, Chief Financial Officer & CAO Rice Calvin bought 1,000 shares at $9.66 apiece. The transaction was valued at $9,665.
Valuation Metrics
Right now, Spok Holdings Inc. (SPOK) has a P/E ratio of about 8.44. The stock’s beta is 0.30. Besides these, the trailing price-to-sales (P/S) ratio of 2.09, the price-to-book (PB) ratio of 1.71, and the price-to-cash flow ratio of 14.95 may also be considered.
The latest dividend of $0.3130 per share was paid out, remained unchanged from last year’s $0.3130. On Thursday April 28 2022, a $0.0005 dividend increase was announced.
Financial Health
In the three months ended June 29, Spok Holdings Inc.’s quick ratio stood at 1.30, while its current ratio was 1.30, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 63.10% percent. In the year ended June 29, EBITDA margin amounted to 8.28%, whereas operating margins totaled 12.80%. Based on annual data, SPOK earned $106.27 million in gross profit and brought in $134.53 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.30%. Return on equity (ROE) for the past 12 months was 21.20%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SPOK’s revenue rose 7.54% to $33.18 million during the quarter, while net income inched up to $36.46 million. While analysts expected Spok Holdings Inc. to report $0.23 quarterly earnings, the actual figure was $0.23 per share. During the quarter, the company generated $7.48 million in EBITDA. The liabilities of Spok Holdings Inc. were 67.31 million at the end of its most recent quarter ended June 29, and its total debt was $14.21 million. The value of shareholders’ equity is $19.97 million.
Technical Picture
This quick technical analysis looks at Spok Holdings Inc.’s (SPOK) price momentum. With a historical volatility rate of 49.45%, the RSI 9-day stood at 44.44% on 20 September.
With respect to its five-day moving average, the current Spok Holdings Inc. price is down by -3.74% percent or -$0.55. At present, SPOK shares trade +1.14% above its 20-day simple moving average and +15.86% percent above its 100-day simple moving average. However, the stock is currently trading approximately +28.12% above its SMA50 and +77.13% above its SMA200.
Stochastic coefficient K was 62.02% and Stochastic coefficient D was 68.12%, while ATR was 0.73. Given the Stochastic reading of 34.73% for the 14-day period, the RSI (14) reading has been calculated as 48.98%. As of today, the MACD Oscillator reading stands at 0.16, while the 14-day reading stands at 0.32.
Analyst Ratings
Spok Holdings Inc. (SPOK) has been rated Buy by analysts. According to 0 brokerage firms, SPOK is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Spok Holdings Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $15.50, the current consensus forecast for the stock is $15.50 – $15.50. Based on these forecasts, analysts predict Spok Holdings Inc. (SPOK) will achieve an average price target of $15.50.
