Spruce Power Holding Corporation’s recently made public that its Director Hayes Christopher M. acquired Company’s shares for reported $64158.0 on Dec 16. In the deal valued at $0.83 per share,77,523 shares were bought. As a result of this transaction, Hayes Christopher M. now holds 187,515 shares worth roughly $ 0.18 million.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
Then, Fong Christian S. bought 10,000 shares, generating $9,000 in total proceeds. Upon buying the shares at $0.90, the President now owns 1,637,112 shares.
Before that, Fong Christian S. bought 20,250 shares. Spruce Power Holding Corporation shares valued at $18,018 were divested by the President at a price of $0.89 per share. As a result of the transaction, Fong Christian S. now holds 1,627,112 shares, worth roughly $1.59 million.
Price Performance Review of SPRU
On Friday, Spruce Power Holding Corporation [NYSE:SPRU] saw its stock fall -6.50% to $0.98. On the same session, the stock had its day’s lowest price of $0.951, but rose to a high of $1.04. Over the last five days, the stock has lost -16.80%. Spruce Power Holding Corporation shares have risen nearly 6.82% since the year began. Nevertheless, the stocks have fallen -39.77% over the past one year. While a 52-week high of $2.50 was reached on 02/02/23, a 52-week low of $0.69 was recorded on 01/03/23. SMA at 50 days reached $1.1462, while 200 days put it at $1.1196.
Levels Of Support And Resistance For SPRU Stock
The 24-hour chart illustrates a support level at 0.9419, which if violated will result in even more drops to 0.9019. On the upside, there is a resistance level at 1.0309. A further resistance level may holdings at 1.0799. The Relative Strength Index (RSI) on the 14-day chart is 31.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1445, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.65%. Stochastics %K at 5.59% indicates the stock is a buying.
How much short interest is there in Spruce Power Holding Corporation?
A steep rise in short interest was recorded in Spruce Power Holding Corporation stocks on Jan 12, 2023, dropping by 30000.0 shares to a total of 2.18 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 2.21 million shares. There was a decline of -1.38%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.72% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.33.
Spruce Power Holding Corporation [SPRU] – Who Are The Largest Shareholders?
In filings from JPMorgan Investment Management, I, it is revealed that the company now owns 6,183,946 shares, or roughly 4.29% of the outstanding SPRU shares. Additionally, The Vanguard Group, Inc. increased 2.15% of its stake after which the total value it holdings stand at $6,908,789. Over the last quarter, BlackRock Fund Advisors purchased 131,533 shares of Spruce Power Holding Corporation, while J. Goldman & Co. LP bought 1,501,432 shares. At present, Cresset Asset Management LLC is holding 1,344,639 shares valued at $2.0 million. Geode Capital Management LLC owned 1,073,044 shares of the company at the time of its most recent 13F filing, worth $1.6 million.
According to FactSet, Spruce Power Holding Corporation’s share price will average $6.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 471.43 percent from its previous closing price of $1.05. Analysts expect Spruce Power Holding Corporation stock to reach the higher price of $6.00, while the lowest price estimate is $6.00. However, 1 analyst have rated SPRU stock as a Hold in their predictions for 2023.