The trading price of Support.com Inc. (NASDAQ:SPRT) closed higher on Friday, August 06, closing at $7.13, 7.38% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $6.661 and $7.67. In examining the 52-week price action we see that the stock hit a 52-week high of $9.45 and a 52-week low of $1.51. Over the past month, the stock has gained 68.16% in value.
Support.com Inc., whose market valuation is $160.92 million at the time of this writing, is expected to release its quarterly earnings report Nov 03, 2021 – Nov 08, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Support.com Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest SPRT has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned SPRT a recommendation rating is 1. Out of them, 1 rate it a Hold, while 0 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Support.com Inc. (SPRT) as Underweight, while 0 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that SPRT’s price is currently 22.31% off the SMA20 and 55.01% off the SMA50. The RSI metric on the 14-day chart is currently showing 59.39, and weekly volatility stands at 15.90%. When measured over the past 30 days, the indicator reaches 17.98%. Support.com Inc. (NASDAQ:SPRT)’s beta value is currently sitting at 0.77, while the Average True Range indicator is currently displaying 1.01. With analysts defining $3.00-$3.00 as the low and high price targets, we arrive at a consensus price target of $3.00 for the trailing 12-month period. The current price is about 57.92% off the estimated low and 57.92% off the forecast high, based on this estimate. Investors will be thrilled if SPRT’s share price rises to $3.00, which is the median consensus price. At that level, SPRT’s share price would be 57.92% above current price.
To see how Support.com Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: SPRT stock’s performance was 7.38% in the latest trading, and 324.40% in the past year, while Healthcare Services Group Inc. (HCSG) has traded 0.65% on the day and positioned -1.69% lower than it was a year ago. Another comparable company Cintas Corporation (CTAS) saw its stock close -0.18% lower in the most recent trading session but was up 29.13% in a year. Furthermore, ABM Industries Incorporated (ABM) showed an increase of 0.64% on the day while its price kept inclining at 24.08% over the past year. Support.com Inc. has a P/E ratio of 0, compared to Healthcare Services Group Inc.’s 21.89 and Cintas Corporation’s 38.25. Also in last trading session, the S&P 500 Index has surged 0.17%, while the Dow Jones Industrial also saw a positive session, up 0.41% on the day.
An evaluation of the daily trading volume of Support.com Inc. (NASDAQ:SPRT) indicates that the 3-month average is 3.87 million.
Currently, records show that 20.20 million of the company’s shares remain outstanding. The insiders hold 5.20% of outstanding shares, whereas institutions hold 52.90%. However, since the stock’s price has seen 224.09% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.