Sprout Social Inc (NASDAQ:SPT) shares, rose in value on Friday, March 28, with the stock price down by -4.21% to the previous day’s close as strong demand from buyers drove the stock to $22.52.
Actively observing the price movement in the last trading, the stock closed the session at $23.51, falling within a range of $22.13 and $23.73. The value of beta (5-year monthly) was 1.108. Referring to stock’s 52-week performance, its high was $61.34, and the low was $22.95. On the whole, SPT has fluctuated by -17.66% over the past month.
With the market capitalization of Sprout Social Inc currently standing at about $1.30 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-24.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 450.21M, with a low estimate of 107.3M and a high estimate of 108M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 107.63M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SPT’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of SPT currently trading nearly -8.92% and -21.82% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 25.52, while the 7-day volatility ratio is showing 4.65% which for the 30-day chart, stands at 4.29%. Furthermore, Sprout Social Inc (SPT)’s beta value is 1.08, and its average true range (ATR) is 1.16.
A comparison of Sprout Social Inc (SPT) with its peers suggests the former has fared considerably weaker in the market. SPT showed an intraday change of -4.21% in last session, and over the past year, it shrunk by -62.25%%.
Data on historical trading for Sprout Social Inc (NASDAQ:SPT) indicates that the trading volumes over the past 10 days have averaged 0.53 and over the past 3 months, they’ve averaged 619.48K. According to company’s latest data on outstanding shares, there are 51.28 million shares outstanding.
Nearly 14.43% of Sprout Social Inc’s shares belong to company insiders and institutional investors own 93.81% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.47 million shares as on 2025-03-14, resulting in a short ratio of 4.44. According to the data, the short interest in Sprout Social Inc (SPT) stood at 764.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 4.98 million. The stock has fallen by -26.67% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SPT stock heading into the next quarter.
