Support.com Inc. (NASDAQ:SPRT) price is hovering lower on Monday, September 13, dropping -14.92% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $19.10, with intraday deals fluctuating between $18.52 and $22.57. The company’s 5Y monthly beta was ticking 1.09. Taking into account the 52-week price action we note that the stock hit a 52-week high of $59.69 and 52-week low of $1.62. The stock added 140.55% on its value in the past month.
Support.com Inc., which has a market valuation of $573.57 million, is expected to release its quarterly earnings report Nov 03, 2021 – Nov 08, 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give SPRT a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned SPRT a recommendation rating as follows: 1 rate it as a Hold; 0 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Support.com Inc. (SPRT) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that SPRT’s price is at present -11.96% off the SMA20 and 47.97% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 48.68, with weekly volatility standing at 25.95%. The indicator jumps to 30.24% when calculated based on the past 30 days. Support.com Inc. (NASDAQ:SPRT)’s beta value is holding at 1.19, while the average true range (ATR) indicator is currently reading 5.53. Considering analysts have assigned the stock a price target range of $3.00-$3.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $3.00. Based on this estimate, we see that today’s price at last check is roughly 81.54% off the estimated low and 81.54% off the forecast high. Investors will no doubt be excited to see the share price rise to $3.00, which is the median consensus price, and at that level SPRT would be 81.54% from recent price.
Turning out attention to how the Support.com Inc. stock has performed in comparison to its peers in the industry, here’s what we find: SPRT’s stock is -14.92% on the day and 868.90% in the past 12 months, while Healthcare Services Group Inc. (HCSG) traded 0.82% in the latest session and is positioned 28.79% up on its price 12 months ago. Another comparison is with Cintas Corporation (CTAS) whose stock price is down -0.73% in the current trading session, and has flourished 26.66% over the past year. Also, ABM Industries Incorporated (ABM) is currently showing down trend of -1.45% while its price kept floating at 28.00% over the past year. Elsewhere in the market, the S&P 500 Index has stumbled -0.24% in today’s early trading, with the Dow Jones Industrial also seeing a negative session so far with -0.51%.
An analysis of the Support.com Inc. (NASDAQ:SPRT) stock in terms of its daily trading volume indicates that the 3-month average is 17.82 million.
Current records show that the company has 24.15M in outstanding shares. The insiders’ percentage holdings are 5.30% of outstanding shares while the percentage share held by institutions stands at 52.30%. But the 768.18% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.