Support.com Inc. (NASDAQ:SPRT) shares, rose in value on Thursday, 06/10/21, with the stock price up by 22.32% to the previous day’s close as strong demand from buyers drove the stock to $4.33.
Actively observing the price movement in the last trading, the stock closed the session at $3.54, falling within a range of $3.58 and $4.65. Referring to stock’s 52-week performance, its high was $9.45, and the low was $1.22. On the whole, SPRT has fluctuated by 47.28% 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 SPRT’s technical picture suggests that short-term indicators denote the stock is a Hold 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), 0 recommend it as a Buy and 0 called the SPRT stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 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 SPRT currently trading nearly 50.79% and 22.13% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.20, while the 7-day volatility ratio is showing 18.23% which for the 30-day chart, stands at 13.07%. Furthermore, Support.com Inc. (SPRT)’s beta value is 0.63, and its average true range (ATR) is 0.41. The company’s stock has been forecasted to trade at an average price of $3.00 over the course of the next 52 weeks, with a low of $3.00 and a high of $3.00. Based on these price targets, the low is 30.72% off current price, whereas the price has to move 30.72% to reach the yearly target high. Additionally, analysts’ median price of $3.00 is likely to be welcomed by investors because it represents an increase of 30.72% from the current levels.
A comparison of Support.com Inc. (SPRT) with its peers suggests the former has fared considerably weaker in the market. SPRT showed an intraday change of 22.32% in last session, and over the past year, it grew by 240.94%%. In comparison, Healthcare Services Group Inc. (HCSG) has moved lower at -0.58% on the day and was up 20.70% over the past 12 months. On the other hand, the price of Cintas Corporation (CTAS) has risen 0.93% on the day. The stock, however, is off 26.22% from where it was a year ago. Additionally, there is a loss of -1.90% for ABM Industries Incorporated (ABM) in last trading while the stock has seen an overall depriciation of 41.14%% over the past year. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.47%. Meanwhile, the Dow Jones Industrial Improved by 0.06%.
Data on historical trading for Support.com Inc. (NASDAQ:SPRT) indicates that the trading volumes over the past 10 days have averaged 1.97 million and over the past 3 months, they’ve averaged 5.74 million. According to company’s latest data on outstanding shares, there are 20.20 million shares outstanding.
Nearly 5.20% of Support.com Inc.’s shares belong to company insiders and institutional investors own 50.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.48 million shares as on May 13, 2021, resulting in a short ratio of 5.64. According to the data, the short interest in Support.com Inc. (SPRT) stood at 14.44% of shares outstanding as of May 13, 2021; the number of short shares registered in Apr 14, 2021 reached 2.33 million. The stock has risen by 96.82% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SPRT stock heading into the next quarter.