SPI Energy Co Ltd (NASDAQ: SPI)’s stock price has gone rise by 9.42 in comparison to its previous close of 0.48, however, the company has experienced a 5.00% increase in its stock price over the last five trading days. Accesswire reported 2023-10-16 that MCCLELLAN PARK, CA / ACCESSWIRE / October 16, 2023 / SPI Energy Co., Ltd., (NASDAQ:SPI) (the “Company”), a global renewable energy company and provider of solar, storage and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers, announces its wholly-owned subsidiary, Solar4America (S4A), a Sacramento, Calif.
Is It Worth Investing in SPI Energy Co Ltd (NASDAQ: SPI) Right Now?
The 36-month beta value for SPI is also noteworthy at 0.78. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for SPI is 23.22M, and at present, short sellers hold a 0.51% of that float. The average trading volume of SPI on April 24, 2024 was 80.39K shares.
SPI’s Market Performance
SPI stock saw a decrease of 5.00% in the past week, with a monthly decline of -10.76% and a quarterly a decrease of -20.45%. The volatility ratio for the week is 7.95%, and the volatility levels for the last 30 days are 7.28% for SPI Energy Co Ltd (SPI). The simple moving average for the past 20 days is -5.63% for SPI’s stock, with a -35.26% simple moving average for the past 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 27, 2021 of the previous year 2021.
SPI Trading at -12.27% 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 -67.39% of loss for the given period.
Volatility was left at 7.28%, however, over the last 30 days, the volatility rate increased by 7.95%, as shares sank -9.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.21% lower at present.
During the last 5 trading sessions, SPI rose by +5.00%, which changed the moving average for the period of 200-days by -60.53% in comparison to the 20-day moving average, which settled at $0.5536. In addition, SPI Energy Co Ltd saw -32.86% 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:
- -0.06 for the present operating margin
- 0.13 for the gross margin
The net margin for SPI Energy Co Ltd stands at -0.12. The total capital return value is set at -0.34.
Based on SPI Energy Co Ltd (SPI), the company’s capital structure generated 0.84 points at debt to capital in total, while cash flow to debt ratio is standing at -0.01. The debt to equity ratio resting at 5.24. The interest coverage ratio of the stock is -2.08.
Currently, EBITDA for the company is -20.69 million with net debt to EBITDA at -4.43. When we switch over and look at the enterprise to sales, we see a ratio of 0.37. The receivables turnover for the company is 8.43for trailing twelve months and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.41.
Conclusion
In summary, SPI Energy Co Ltd (SPI) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as 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.
