Spruce Power Holding Corporatio (NYSE: SPRU) Gets A 80.5% Target Price Upside From Analysts While 69.57% Above Its 52-Week Low

Spruce Power Holding Corporatio (NYSE:SPRU) does about 579.29K shares in volume on a normal day but saw 489023 shares change hands in Friday trading. The company now has a market cap of 156.50M USD. Its current market price is $1.17, marking a decrease of -0.85% compared to the previous close of $1.18. The 52 week high reached by this stock is $2.50 whilst the lowest price level in 52 weeks is $0.69. The script in recent trading has seen the stock touch a high of $1.2685 and a low of $1.15.

Spruce Power Holding Corporatio (SPRU) has a 20-day trading average at $1.3285 and the current price is -53.20% off the 52-week high compared with 69.57% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.1339 and its 200-day simple moving average is $1.1270. If we look at the stock’s price movements over the week, volatility stands at 8.56%, which increases to 8.58% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 43.37 to suggest the stock is neutral.

1 analysts observing the Spruce Power Holding Corporatio (SPRU) stock have set the 12-month price targets for the company’s shares at between $6.00 and $6.00. The median price target is 80.5% away from the current levels at $6.00.

FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Hold the stock.

The current price level is -12.72%, 3.68%, and 3.70% away from its SMA20, SMA50, and SMA200 respectively, with the SPRU price moving below the 50-day SMA on February 17. Spruce Power Holding Corporatio (SPRU) stock is down -6.40% over the week and -4.88% over the past month. Its price is 27.30% year-to-date and -36.76% over the past year.

The stock last released its quarterly earnings report for quarter ended 6/29/2022, with the company’s earnings per share (EPS) of -$0.08 above consensus estimates by $0.09. The company’s next earnings report is expected on 05/15/2023. Expected sales for next quarter are $5.9 million, which analysts say will come at $23.1 million for the current fiscal year and next year at $40.4 million. In addition, estimates put the company’s current quarterly revenue at an average of $8.36 million.

Its 12-month price target is $6.00. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $6.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $6.00.

Outstanding shares total 142.90M with insiders holding 35.09% of the shares and institutional holders owning 36.52% of the company’s common stock. The company has a return on investment of -17.10% and return on equity of -19.40%. The beta has a value of 1.17. Price to book ratio is 0.53 and price to sales ratio is 6.47.

Fidelity Extended Market Index Fu cut their holdings by -0.41% in the company over the course of the most recent quarter. It now holds a 0.42% position in Spruce Power Holding Corporatio thanks to 0.6 million shares amounting to $0.89 million.

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