Sprout Social Inc (NASDAQ: SPT)’s stock price has plunge by -0.35relation to previous closing price of 28.40. Nevertheless, the company has seen a -0.11% plunge in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-07 that CHICAGO, Oct. 07, 2024 (GLOBE NEWSWIRE) — Sprout Social, Inc. (“Sprout Social”, the “Company”) (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced that it will report its financial results for the second quarter ending September 30, 2024 after market close on Thursday, November 7, 2024.
Is It Worth Investing in Sprout Social Inc (NASDAQ: SPT) Right Now?
Additionally, the 36-month beta value for SPT is 0.97. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”
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The public float for SPT is 48.74M and currently, short sellers hold a 10.75% ratio of that float. The average trading volume of SPT on October 11, 2024 was 558.80K shares.
SPT’s Market Performance
The stock of Sprout Social Inc (SPT) has seen a -0.11% decrease in the past week, with a 9.22% rise in the past month, and a -20.17% fall in the past quarter. The volatility ratio for the week is 3.66%, and the volatility levels for the past 30 days are at 3.16% for SPT. The simple moving average for the past 20 days is -0.86% for SPT’s stock, with a -35.71% simple moving average for the past 200 days.
Analysts’ Opinion of SPT
Many brokerage firms have already submitted their reports for SPT stocks, with KeyBanc Capital Markets repeating the rating for SPT by listing it as a “Underweight.” The predicted price for SPT in the upcoming period, according to KeyBanc Capital Markets is $28 based on the research report published on August 22, 2024 of the current year 2024.
Robert W. Baird gave a rating of “Neutral” to SPT, setting the target price at $45 in the report published on May 03rd of the current year.
SPT Trading at -5.71% from the 50-Day Moving Average
After a stumble in the market that brought SPT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.63% of loss for the given period.
Volatility was left at 3.16%, however, over the last 30 days, the volatility rate increased by 3.66%, as shares surge +5.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.57% lower at present.
During the last 5 trading sessions, SPT fell by -0.11%, which changed the moving average for the period of 200-days by -54.46% in comparison to the 20-day moving average, which settled at $28.55. In addition, Sprout Social Inc saw -53.94% 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 SPT starting from Del Preto Joseph, who sale 1,500 shares at the price of $28.27 back on Oct 07 ’24. After this action, Del Preto Joseph now owns 158,614 shares of Sprout Social Inc, valued at $42,411 using the latest closing price.
Howard Justyn Russell, the Executive Chair of Sprout Social Inc, sale 20,000 shares at $28.23 during a trade that took place back on Oct 07 ’24, which means that Howard Justyn Russell is holding 7,417 shares at $564,560 based on the most recent closing price.
Stock Fundamentals for SPT
Current profitability levels for the company are sitting at:
- -0.19 for the present operating margin
- 0.77 for the gross margin
The net margin for Sprout Social Inc stands at -0.2. The total capital return value is set at -0.35. Equity return is now at value -48.83, with -20.49 for asset returns.
Based on Sprout Social Inc (SPT), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is -15.34.
Currently, EBITDA for the company is -54.79 million with net debt to EBITDA at 0.47. When we switch over and look at the enterprise to sales, we see a ratio of 4.23. The receivables turnover for the company is 6.4for trailing twelve months and the total asset turnover is 0.95. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.89.
Conclusion
In conclusion, Sprout Social Inc (SPT) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
