The price of Spruce Power Holding Corporatio (NYSE:SPRU) shares last traded on Wall Street rose 1.74% to $0.91.
Based on available information, 1 analysts follow Spruce Power Holding Corporatio (NYSE:SPRU). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $6.00, we find $6.00. Given the previous closing price of $0.89, this indicates a potential upside of 574.16 percent. SPRU stock price is now 1.43% away from the 50-day moving average and -26.72% away from the 200-day moving average. The market capitalization of the company currently stands at $130.09M.
Among analysts, 1 rate the stock a hold while 0 rate it a buy. Brokers who have rated the stock have averaged $6.00 as their price target over the next twelve months.
In other news, Hayes Christopher M., Director bought 77,523 shares of the company’s stock on Dec 16. The stock was bought for $64,158 at an average price of $0.83. Upon completion of the transaction, the Director now directly owns 187,515 shares in the company, valued at $0.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 14, President Fong Christian S. bought 10,000 shares of the business’s stock. A total of $9,000 was incurred on buying the stock at an average price of $0.90. This leaves the insider owning 1,637,112 shares of the company worth $1.49 million. Insiders disposed of 281,320 shares of company stock worth roughly $0.26 million over the past 1 year. A total of 2.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SPRU stock. A new stake in Spruce Power Holding Corporatio shares was purchased by BNP PARIBAS ARBITRAGE, SNC during the first quarter worth $505,000. GSA CAPITAL PARTNERS LLP invested $293,000 in shares of SPRU during the first quarter. In the first quarter, XTX TOPCO LTD acquired a new stake in Spruce Power Holding Corporatio valued at approximately $141,000. J. GOLDMAN & CO LP acquired a new stake in SPRU for approximately $137,000. QUBE RESEARCH & TECHNOLOGIES LTD purchased a new stake in SPRU valued at around $90,000 in the second quarter.
A candlestick chart of Spruce Power Holding Corporatio (NYSE: SPRU) showed a price of $0.9000 on Thursday morning. During the past 12 months, Spruce Power Holding Corporatio has had a low of $0.69 and a high of $3.72. As of last week, the company has a debt-to-equity ratio of 1.63, a current ratio of 5.40, and a quick ratio of 5.10. The fifty day moving average price for SPRU is $0.8928 and a two-hundred day moving average price translates $1.2357 for the stock.
The company reported revenue of $8.36 million for the quarter, compared to $3.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 161.25 percent.