SPAR Group Inc. (NASDAQ:SGRP) price closed lower on Tuesday, September 14, dropping -4.43% below its previous close.
A look at the daily price movement shows that the last close reads $1.58, with intraday deals fluctuated between $1.51 and $1.70. The company’s 5Y monthly beta was ticking 1.37 while its P/E ratio in the trailing 12-month period read 6.99. Taking into account the 52-week price action we note that the stock hit a 52-week high of $3.86 and 52-week low of $0.66. The stock subtracted -14.69% on its value in the past month.
SPAR Group Inc., which has a market valuation of $33.45 million, is expected to release its quarterly earnings report Nov 15, 2021 – Nov 19, 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 SGRP a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Sell.
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 SGRP 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 SPAR Group Inc. (SGRP) 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 SGRP’s price is at present -8.43% off the SMA20 and -9.75% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 41.34, with weekly volatility standing at 8.69%. The indicator jumps to 8.41% when calculated based on the past 30 days. SPAR Group Inc. (NASDAQ:SGRP)’s beta value is holding at 1.34, while the average true range (ATR) indicator is currently reading 0.13.
Turning out attention to how the SPAR Group Inc. stock has performed in comparison to its peers in the industry, here’s what we find: SGRP’s stock is -4.43% on the day and 104.05% in the past 12 months, while AutoWeb Inc. (AUTO) traded -1.15% in the last session and was positioned -26.29% down on its price 12 months ago. Also, Insignia Systems Inc. (ISIG) showed down trend of -0.62% while its price kept floating at 84.52% over the past year. Elsewhere in the market, the S&P 500 Index has stumbled -0.57% in last trading session, with the Dow Jones Industrial also saw a negative session on the day with -0.84%.
An analysis of the SPAR Group Inc. (NASDAQ:SGRP) stock in terms of its daily trading volume indicates that the 3-month average is 2.29 million. However, this figure increases on the past 10-day timeline to an average of 0.29 million.
Current records show that the company has 21.26M in outstanding shares. The insiders’ percentage holdings are 49.90% of outstanding shares while the percentage share held by institutions stands at 7.00%. The stats also highlight that short interest as of Jun 14, 2021, stood at 38480.0 shares, which puts the short ratio at the time at 0.25. From this we can glean that short interest is 0.18% of company’s current outstanding shares. Notably, we see that shares short in June fall slightly given the previous month’s figure stood at 79370.0. But the 31.30% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.