Spruce Power Holding Corporation (SPRU) Beta and Market Comparison: S&P500 vs SPRU

After finishing at $0.78 in the prior trading day, Spruce Power Holding Corporation (NYSE: SPRU) closed at $0.78, up 0.30%. In other words, the price has increased by $+0.0023 from its previous closing price. On the day, 518027 shares were traded. SPRU stock price reached its highest trading level at $0.8195 during the session, while it also had its lowest trading level at $0.7509.

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Our goal is to gain a better understanding of SPRU by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 1.79 whereas as Long-Term Debt/Eq ratio is at 1.70.

Upgrades & Downgrades

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 18 when Miller John P. bought 20,000 shares for $0.83 per share. The transaction valued at 16,596 led to the insider holds 281,935 shares of the business.

Fong Christian S. bought 50,000 shares of SPRU for $39,870 on May 17. The President and CEO now owns 1,586,862 shares after completing the transaction at $0.80 per share. On Mar 21, another insider, Tech Eric M., who serves as the Director of the company, sold 65,496 shares for $0.82 each. As a result, the insider received 53,707 and left with 678,632 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SPRU now has a Market Capitalization of 125.34M and an Enterprise Value of 576.72M. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.94 while its Price-to-Book (P/B) ratio in mrq is 0.40. Its current Enterprise Value per Revenue stands at 13.97 whereas that against EBITDA is -14.87.

Stock Price History:

Over the past 52 weeks, SPRU has reached a high of $1.60, while it has fallen to a 52-week low of $0.55. The 50-Day Moving Average of the stock is 0.7697, while the 200-Day Moving Average is calculated to be 0.9668.

Shares Statistics:

The stock has traded on average 486.76K shares per day over the past 3-months and 500.8k shares per day over the last 10 days, according to various share statistics. A total of 142.69M shares are outstanding, with a floating share count of 94.01M. Insiders hold about 2.00% of the company’s shares, while institutions hold 31.20% stake in the company. Shares short for SPRU as of May 14, 2023 were 1.41M with a Short Ratio of 1.84M, compared to 1.75M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 0.94% and a Short% of Float of 1.02%.

Earnings Estimates

Its stock is currently analyzed by 0 different market analysts. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0 and a low estimate of $0, while EPS last year was -$0.05. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.

Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0. EPS for the following year is $0, with 0 analysts recommending between $0 and $0.

Revenue Estimates

1 analysts predict $8.36M in revenue for the current quarter. It ranges from a high estimate of $5.8M to a low estimate of $5.8M. As of the current estimate, Spruce Power Holding Corporation’s year-ago sales were $3.2M, an estimated increase of 161.20% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $7.06M, a decrease of -12.10% less than the figure of $161.20% in the same quarter last year. There is a high estimate of $5.9M for the next quarter, whereas the lowest estimate is $5.9M.

A total of 1 analysts have provided revenue estimates for SPRU’s current fiscal year. The highest revenue estimate was $23.1M, while the lowest revenue estimate was $23.1M, resulting in an average revenue estimate of $23.19M. In the same quarter a year ago, actual revenue was $15.6M, up 48.70% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $40.4M in the next fiscal year. The high estimate is $40.4M and the low estimate is $40.4M. The average revenue growth estimate for next year is up 74.20% from the average revenue estimate for this year.