Support.com Inc. (NASDAQ:SPRT) shares, rose in value on Wednesday, 07/21/21, with the stock price up by 9.76% to the previous day’s close as strong demand from buyers drove the stock to $4.95.
Actively observing the price movement in the last trading, the stock closed the session at $4.51, falling within a range of $4.4213 and $5.00. The value of beta (5-year monthly) was 0.55. Referring to stock’s 52-week performance, its high was $9.45, and the low was $1.38. On the whole, SPRT has fluctuated by 40.62% over the past month.
With the market capitalization of Support.com Inc. currently standing at about $123.80 million, investors are eagerly awaiting this quarter’s results, scheduled for Aug 04, 2021 – Aug 09, 2021.
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 100% 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), 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 18.79% and 37.92% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.78, while the 7-day volatility ratio is showing 18.39% which for the 30-day chart, stands at 13.10%. Furthermore, Support.com Inc. (SPRT)’s beta value is 0.67, and its average true range (ATR) is 0.56. 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 39.39% off current price, whereas the price has to move 39.39% 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 39.39% 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 9.76% in last session, and over the past year, it grew by 253.57%%. In comparison, Healthcare Services Group Inc. (HCSG) has moved lower at -12.37% on the day and was down -2.07% over the past 12 months. On the other hand, the price of Cintas Corporation (CTAS) has risen 0.76% on the day. The stock, however, is off 38.05% from where it was a year ago. Additionally, there is a loss of -0.80% for ABM Industries Incorporated (ABM) in last trading while the stock has seen an overall depriciation of 27.68%% over the past year. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.82%. Meanwhile, the Dow Jones Industrial Improved by 0.83%.
Data on historical trading for Support.com Inc. (NASDAQ:SPRT) indicates that the trading volumes over the past 3 months, they’ve averaged 1.75 million. According to company’s latest data on outstanding shares, there are 20.20 million shares outstanding.
Nearly 5.30% of Support.com Inc.’s shares belong to company insiders and institutional investors own 51.30% of the company’s shares. The stock has risen by 125.00% 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.