SP Plus Corp (NASDAQ: SP)’s stock price has gone rise by 3.66 in comparison to its previous close of 51.37, however, the company has experienced a 3.38% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-02-27 that SP Plus (SP) came out with quarterly earnings of $0.60 per share, missing the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.56 per share a year ago.
Is It Worth Investing in SP Plus Corp (NASDAQ: SP) Right Now?
The price-to-earnings ratio for SP Plus Corp (NASDAQ: SP) is 34.98x, which is above its average ratio. Moreover, the 36-month beta value for SP is 1.20. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SP is 19.17M and currently, short sellers hold a 5.76% of that float. On May 10, 2024, SP’s average trading volume was 173.94K shares.
SP’s Market Performance
SP stock saw an increase of 3.38% in the past week, with a monthly gain of 2.38% and a quarterly increase of 3.60%. The volatility ratio for the week is 0.51%, and the volatility levels for the last 30 days are 1.18% for SP Plus Corp (SP). The simple moving average for the last 20 days is 3.84% for SP’s stock, with a simple moving average of 10.86% for the last 200 days.
Analysts’ Opinion of SP
Many brokerage firms have already submitted their reports for SP stocks, with Barrington Research repeating the rating for SP by listing it as a “Outperform.” The predicted price for SP in the upcoming period, according to Barrington Research is $43 based on the research report published on August 06, 2018 of the previous year 2018.
Barrington Research, on the other hand, stated in their research note that they expect to see SP reach a price target of $42, previously predicting the price at $39. The rating they have provided for SP stocks is “Outperform” according to the report published on March 05th, 2018.
Barrington Research gave a rating of “Outperform” to SP, setting the target price at $37 in the report published on March 13th of the previous year.
SP Trading at 3.18% from the 50-Day Moving Average
After a stumble in the market that brought SP to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 1.32% of gains for the given period.
Volatility was left at 1.18%, however, over the last 30 days, the volatility rate increased by 0.51%, as shares surge +2.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.08% upper at present.
During the last 5 trading sessions, SP rose by +3.87%, which changed the moving average for the period of 200-days by +37.02% in comparison to the 20-day moving average, which settled at $51.36. In addition, SP Plus Corp saw 3.90% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for SP
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.13 for the gross margin
The net margin for SP Plus Corp stands at 0.02. The total capital return value is set at 0.11. Equity return is now at value 12.48, with 2.67 for asset returns.
Based on SP Plus Corp (SP), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 1.48. The interest coverage ratio of the stock is 3.02.
Currently, EBITDA for the company is 132.5 million with net debt to EBITDA at 4.27. When we switch over and look at the enterprise to sales, we see a ratio of 0.88. The receivables turnover for the company is 10.07for trailing twelve months and the total asset turnover is 1.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.65.
Conclusion
To wrap up, the performance of SP Plus Corp (SP) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
