SPI Energy Co., Ltd. (NASDAQ:SPI) shares, dropped in value on Wednesday, Jan 13, with the stock price down by -6.99% to the previous day’s close as weak demand from buyers trailed the stock to $8.91.
Actively observing the price movement in the last trading, the stock closed the session at $9.58, falling within a range of $8.83 and $9.69. The value of beta (5-year monthly) was 1.05 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $46.67, and the low was $0.55. On the whole, SPI has fluctuated by 13.21% over the past month.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SPI’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
1 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 1 analyst(s), no one recommend it as a Buy and no body called the SPI stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SPI currently trading nearly 8.31% and 3.35% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.89, while the 7-day volatility ratio is showing 9.51% which for the 30-day chart, stands at 8.75%. Furthermore, SPI Energy Co., Ltd. (SPI)’s beta value is 1.05, and its average true range (ATR) is 0.76. The company’s stock has been forecasted to trade at an average price of $1 over the course of the next 52 weeks, with a low of $1 and a high of $1. Based on these price targets, the low is -88.78 off current price, whereas the price has to move -88.78% to reach the yearly target high. Additionally, analysts’ median price of $1 is likely to be welcomed by investors because it represents an increase of -88.78% from the current levels.
A comparison of SPI Energy Co., Ltd. (SPI) with its peers suggests the former has fared considerably weaker in the market. SPI showed an intraday change of -6.99% in last session, and over the past year, it grew by +347.74%. In comparison, Enphase Energy Inc (ENPH) has moved lower at -1.36% on the day and was up +574.47% over the past 12 months. On the other hand, the price of Sunrun Inc (RUN) has fallen -3.01% on the day. The stock, however, is off 493.52% from where it was a year ago. Additionally, there is a decline of -699% for Solaredge Tech (SEDG) in last trading while the stock has seen an overall apprecation of 347.74% over the past year. The PE ratio stands at 0 for SPI Energy Co., Ltd., compared to 159.63 for Enphase Energy Inc, and 2923.55 for Sunrun Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.23%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.
Data on historical trading for SPI Energy Co., Ltd. (NASDAQ:SPI) indicates that the trading volumes over the past 10 days have averaged 2.34 Million and over the past 3 months, they’ve averaged 3.48 Million. According to company’s latest data on outstanding shares, there are 17.8 Million shares outstanding.
Nearly 41.16% of SPI Energy Co., Ltd.’s shares belong to company insiders and institutional investors own 9.85% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 1.36 Million shares as on December 30, 2020, resulting in a short ratio of 0.67. According to the data, the short interest in SPI Energy Co., Ltd. (SPI) stood at 6.13% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 648.68 Million. The stock has risen by +12.93% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SPI stock heading into the next quarter.
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