Is a Correction Looming Ahead for SPI Energy Co. Ltd. (SPI) – News Heater
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Is a Correction Looming Ahead for SPI Energy Co. Ltd. (SPI)

SPI Energy Co. Ltd. (NASDAQ:SPI) went up by 4.76% from its latest closing price compared to the recent 1-year high of $7.73. The company’s stock price has collected 4.76% of gains in the last five trading sessions.

Is It Worth Investing in SPI Energy Co. Ltd. (NASDAQ :SPI) Right Now?

Plus, the 36-month beta value for SPI is at 1.25. Opinions of the stock are interesting as 2 analysts out of 2 who provided ratings for SPI Energy Co. Ltd. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $6.00, which is $4.02 above the current price. SPI currently public float of 21.09M and currently shorts hold a 2.89% ratio of that float. Today, the average trading volume of SPI was 719.92K shares.

SPI’s Market Performance

SPI stocks went up by 4.76% for the week, with a monthly drop of -2.94% and a quarterly performance of -43.43%, while its annual performance rate touched -71.01%. The volatility ratio for the week stands at 9.98% while the volatility levels for the past 30 days are set at 8.20% for SPI Energy Co. Ltd. The simple moving average for the period of the last 20 days is -3.04% for SPI stocks with a simple moving average of -45.54% for the last 200 days.

Analysts’ Opinion of SPI

Many brokerage firms have already submitted their reports for SPI stocks, with Maxim Group repeating the rating for SPI by listing it as a “Buy.” The predicted price for SPI in the upcoming period, according to Maxim Group is $12 based on the research report published on September 27th of the previous year 2021.

SPI Trading at -5.58% from the 50-Day Moving Average

After a stumble in the market that brought SPI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -74.39% of loss for the given period.

Volatility was left at 8.20%, however, over the last 30 days, the volatility rate increased by 9.98%, as shares sank -0.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.56% lower at present.

During the last 5 trading sessions, SPI rose by +4.76%, which changed the moving average for the period of 200-days by -61.25% in comparison to the 20-day moving average, which settled at $2.0415. In addition, SPI Energy Co. Ltd. saw -45.15% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for SPI

Current profitability levels for the company are sitting at:

  • +0.07 for the present operating margin
  • +12.16 for the gross margin

The net margin for SPI Energy Co. Ltd. stands at -4.70.

The liquidity ratio also appears to be rather interesting for investors as it stands at 0.52.