The stock price of SpringBig Holdings Inc. (NASDAQ: SBIG) has dropped by -19.50 compared to previous close of 0.43. Despite this, the company has seen a fall of -40.87% in its stock price over the last five trading days.
Is It Worth Investing in SpringBig Holdings Inc. (NASDAQ: SBIG) Right Now?
Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The average price suggested by analysts for SBIG is $1.62, which is $1.08 above the current market price. The public float for SBIG is 14.55M, and currently, shorts hold a 1.85% of that float. The average trading volume for SBIG on May 25, 2023 was 96.41K shares.
SBIG’s Market Performance
SBIG stock saw a decrease of -40.87% in the past week, with a monthly decline of -46.85% and a quarterly a decrease of -57.77%. The volatility ratio for the week is 22.42%, and the volatility levels for the last 30 days are 19.21% for SpringBig Holdings Inc. (SBIG). The simple moving average for the past 20 days is -41.02% for SBIG’s stock, with a -61.58% simple moving average for the past 200 days.
SBIG Trading at -45.91% from the 50-Day Moving Average
After a stumble in the market that brought SBIG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -93.63% of loss for the given period.
Volatility was left at 19.21%, however, over the last 30 days, the volatility rate increased by 22.42%, as shares sank -38.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -54.34% lower at present.
During the last 5 trading sessions, SBIG fell by -40.87%, which changed the moving average for the period of 200-days by -79.63% in comparison to the 20-day moving average, which settled at $0.5764. In addition, SpringBig Holdings Inc. saw -30.46% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SBIG starting from Harris Jeffrey Todd, who purchase 39,775 shares at the price of $1.67 back on Sep 07. After this action, Harris Jeffrey Todd now owns 69,959 shares of SpringBig Holdings Inc., valued at $66,396 using the latest closing price.
Harris Jeffrey Todd, the Chief Executive Officer of SpringBig Holdings Inc., purchase 20,184 shares at $1.57 during a trade that took place back on Sep 06, which means that Harris Jeffrey Todd is holding 30,184 shares at $31,743 based on the most recent closing price.
Stock Fundamentals for SBIG
Current profitability levels for the company are sitting at:
- -61.21 for the present operating margin
- +72.67 for the gross margin
The net margin for SpringBig Holdings Inc. stands at -49.10. The total capital return value is set at -17.32, while invested capital returns managed to touch -14.38. Equity return is now at value 829.00, with -91.50 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 0.61, with the company’s debt to enterprise value settled at 0.56. The receivables turnover for the company is 16.53 and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.84.
Conclusion
In conclusion, SpringBig Holdings Inc. (SBIG) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
