SPX Technologies Inc (NYSE:SPXC) price on Friday, March 21, fall -0.96% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $134.27.
A look at the stock’s price movement, the close in the last trading session was $135.57, moving within a range at $132.27 and $135.23. The beta value (5-Year monthly) was 1.266 while the PE ratio in trailing twelve months stood at 31.36. Turning to its 52-week performance, $183.83 and $116.05 were the 52-week high and 52-week low respectively. Overall, SPXC moved -8.45% over the past month.
SPX Technologies Inc’s market cap currently stands at around $6.23 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-24.
Analysts have a consensus estimate of 481.32M for the company’s revenue for the quarter, with a low and high estimate of 477.3M and 489M respectively. The average forecast suggests up to a 3.47% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.16B, representing a 8.81% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SPXC is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend SPXC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SPXC’s current price about -2.16% and -6.75% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.26, while 7-day volatility ratio is 2.68% and 3.99% in the 30-day chart. Further, SPX Technologies Inc (SPXC) has a beta value of 1.20, and an average true range (ATR) of 5.13. Analysts have given the company’s stock an average 52-week price target of $134, forecast between a low of $134 and high of $134. Looking at the price targets, the low is 0.2% off current price level while to achieve the yearly target high, price needs to move 0.2%. Nonetheless, investors will most likely welcome a 0.2% jump to $134 which is the analysts’ median price.
If we refocus on SPX Technologies Inc (NYSE:SPXC), historical trading data shows that trading volumes averaged 0.32 over the past 10 days and 295.76K over the past 3 months. The company’s latest data on shares outstanding shows there are 46.37 million shares.
The 2.92% of SPX Technologies Inc’s shares are in the hands of company insiders while institutional holders own 94.39% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.87 million on 2025-02-28, giving us a short ratio of 2.64. The data shows that as of 2025-02-28 short interest in SPX Technologies Inc (SPXC) stood at 265.00002 of shares outstanding, with shares short rising to 0.52 million registered in 2025-01-31. Current price change has pushed the stock -7.73% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SPXC stock continues to rise going into the next quarter.
