Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Spectaire Holdings Inc (NASDAQ: SPEC) was $0.62 for the day, down -20.52% from the previous closing price of $0.78. In other words, the price has decreased by -$20.52 from its previous closing price. On the day, 2.12 million shares were traded. SPEC stock price reached its highest trading level at $0.7346 during the session, while it also had its lowest trading level at $0.607.
Ratios:
Our analysis of SPEC’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.03 and its Current Ratio is at 0.04.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 25 ’23 when Semkiw Brian bought 297 shares for $2.23 per share. The transaction valued at 661 led to the insider holds 1,715,528 shares of the business.
Mosolf Joerg bought 10,000 shares of SPEC for $30,000 on Oct 24 ’23. The Director now owns 10,000 shares after completing the transaction at $3.00 per share. On Oct 24 ’23, another insider, Semkiw Brian, who serves as the Chairman & CEO of the company, bought 1,899 shares for $1.94 each. As a result, the insider paid 3,685 and bolstered with 1,715,231 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, SPEC now has a Market Capitalization of 10467646 and an Enterprise Value of 16931760. As of this moment, Spectaire’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.27, and their Forward P/E ratio for the next fiscal year is 1.76.
Stock Price History:
Over the past 52 weeks, SPEC has reached a high of $15.40, while it has fallen to a 52-week low of $0.62. The 50-Day Moving Average of the stock is -45.90%, while the 200-Day Moving Average is calculated to be -87.91%.
Shares Statistics:
SPEC traded an average of 988.20K shares per day over the past three months and 5874940 shares per day over the past ten days. A total of 15.34M shares are outstanding, with a floating share count of 11.81M. Insiders hold about 23.05% of the company’s shares, while institutions hold 8.87% stake in the company. Shares short for SPEC as of 1711584000 were 32596 with a Short Ratio of 0.03, compared to 1709164800 on 65292. Therefore, it implies a Short% of Shares Outstanding of 32596 and a Short% of Float of 0.67000003.
Earnings Estimates
The market rating of Spectaire Holdings Inc (SPEC) is currently shaped by the ongoing analysis conducted by SPBC analysts closely monitoring its performance.The consensus estimate for the next quarter is $0.97, with high estimates of $20.40 and low estimates of $5.47.
