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.
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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.