SpartanNash Co (NASDAQ:SPTN) shares, rose in value on Friday, May 30, with the stock price down by -9.24% to the previous day’s close as strong demand from buyers drove the stock to $19.46.
Actively observing the price movement in the last trading, the stock closed the session at $21.44. Referring to stock’s 52-week performance, its high was $23.00, and the low was $17.30. On the whole, SPTN has fluctuated by -1.92% over the past month.
With the market capitalization of SpartanNash Co currently standing at about $658.64 million, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.87, with its dividend yield at 4.48%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SPTN’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of SPTN currently trading nearly 0.34% and -1.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.02, while the 7-day volatility ratio is showing 8.11% which for the 30-day chart, stands at 3.62%. Furthermore, SpartanNash Co (SPTN)’s beta value is 0.40, and its average true range (ATR) is 0.77.
A comparison of SpartanNash Co (SPTN) with its peers suggests the former has fared considerably weaker in the market. SPTN showed an intraday change of -9.24% in last session, and over the past year, it shrunk by -3.90%%.
Data on historical trading for SpartanNash Co (NASDAQ:SPTN) indicates that the trading volumes over the past 3 months, they’ve averaged 291.16K. According to company’s latest data on outstanding shares, there are 33.86 million shares outstanding.
Nearly 1.84% of SpartanNash Co’s shares belong to company insiders and institutional investors own 87.14% of the company’s shares. The stock has risen by 6.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SPTN stock heading into the next quarter.
