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Tuesday, January 31, 2023

Are Things Looking Up For Spruce Power Holding Corporation (NYSE: SPRU)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Spruce Power Holding Corporation (SPRU) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $1.20. The Spruce Power Holding Corporation has recorded 1,356 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Spruce Power Appoints Christian Fong as CEO Effective February 1.


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Stocks Info

The company is listed on the NYSE and operates within the Solar industry segment. At the end of the last regular session, the stock closed at $1.20 and fluctuated between $1.2200 as its day high and $1.1100 as its day low. The current market capitalization of Spruce Power Holding Corporation is $162.90M. A total of 0.59 million shares were traded on the day, compared to an average of 659.76K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, SPRU has seen 13 BUY and 0 SELL insider trades, representing the acquisition of 190,450 and the disposition of 0 shares. Over the last 12 months, there were 28 BUYs and 1 SELLs from insiders. Insiders purchased 4,714,111 shares during that period but sold 281,320.

In the most recent transaction, Hayes Christopher M. bought 77,523 shares of SPRU for 0.83 per share on Dec 16. After the transaction, the Director now owns 187,515 company shares. In a previous transaction on Dec 14, Fong Christian S. bought 10,000 shares at 0.90 per share. SPRU shares that President owns now total 1,637,112.

Among the insiders who bought shares, Fong Christian S. acquired of 20,250 shares on Dec 05 at a per-share price of $0.89. This resulted in the President holding 1,627,112 shares of SPRU after the transaction. In another insider transaction, Fong Christian S. bought 200 shares at $0.90 per share on Nov 25. Company shares held by the President now total 200.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for SPRU in the last 3 months, the mean price target is $6.00 with high estimates of $6.00 and low estimates of $6.00. In terms of 52-week highs and lows, SPRU has a high of $2.91 and a low of $0.69.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 1 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SPRU is Buy with a score of 0.00. A total of 0 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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