Stocks of SPI Energy Co. Ltd. (NASDAQ:SPI) traded higher last session on Wall Street, up 6.52% to $1.47.
According to the data, SPI Energy Co. Ltd. (NASDAQ:SPI) has 2 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $9.00 and a low of $5.00, we find $7.00. Given the previous closing price of $1.38, this indicates a potential upside of 407.25 percent. SPI stock price is now 0.35% away from the 50-day moving average and -31.48% away from the 200-day moving average. The market capitalization of the company currently stands at $39.79M.
A total of 0 analysts have issued a hold rating and 2 have given it a buy rating. Brokers who have rated the stock have averaged $7.00 as their price target over the next twelve months.
With the price target of $12, Maxim Group recently initiated with Buy rating for SPI Energy Co. Ltd. (NASDAQ: SPI).
A total of 21.68% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SPI stock. A new stake in SPI Energy Co. Ltd. shares was purchased by GSA CAPITAL PARTNERS LLP during the first quarter worth $125,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP invested $74,000 in shares of SPI during the first quarter. In the first quarter, SIMPLEX TRADING, LLC acquired a new stake in SPI Energy Co. Ltd. valued at approximately $3,000. In total, there are 21 active investors with 1.90% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $1.4400 for SPI Energy Co. Ltd. (NASDAQ: SPI). During the past 12 months, SPI Energy Co. Ltd. has had a low of $1.19 and a high of $7.69. As of last week, the company has a debt-to-equity ratio of 4.19, a current ratio of 0.50, and a quick ratio of 0.40. The fifty day moving average price for SPI is $1.4595 and a two-hundred day moving average price translates $2.1391 for the stock.
The latest earnings results from SPI Energy Co. Ltd. (NASDAQ: SPI) was released for Jun, 2022. The net profit margin was -23.40% and return on equity was -131.50% for SPI. The company reported revenue of $48.58 million for the quarter, compared to $33.62 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 44.5 percent.
SPI Energy Co. Ltd.(SPI) Company Profile
SPI Energy Co., Ltd. provides photovoltaic and electric vehicle (EV) solutions for business, residential, government, and utility customers and investors in Australia, Japan, Italy, the United States, the United Kingdom, and Greece. The company offers engineering, procurement, and construction services to independent power developers and producers, and commercial and industrial companies. It also develops, owns, and operates solar projects that sell electricity to power companies and other electricity off-takers, including government-owned utility companies. In addition, the company designs and develops EV charging solutions. As of March 30, 2022, it owned and operated 16.8 megawatts of solar projects. The company is headquartered in Sacramento, California.