The stock price of SPI Energy Co Ltd (NASDAQ: SPI) has dropped by -15.97 compared to previous close of 0.55. Despite this, the company has seen a fall of -29.34% in its stock price over the last five trading days. accesswire.com reported 2024-09-04 that New line of steel-framed solar modules reduces production-based carbon footprint and bolsters U.S.-based supply chain MCCLELLAN PARK, CA / ACCESSWIRE / September 4, 2024 / SPI Energy Co., Ltd., (NASDAQ:SPI) (the “Company”), a global renewable energy company and provider of solar, storage and electric vehicle (EV) solutions announced its wholly owned subsidiary, Solar4America (S4A), a Sacramento, Calif.
Is It Worth Investing in SPI Energy Co Ltd (NASDAQ: SPI) Right Now?
Additionally, the 36-month beta value for SPI is 0.71. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for SPI is 23.22M and currently, short sellers hold a 2.56% ratio of that float. The average trading volume of SPI on October 21, 2024 was 774.64K shares.
SPI’s Market Performance
The stock of SPI Energy Co Ltd (SPI) has seen a -29.34% decrease in the past week, with a 13.52% rise in the past month, and a 21.05% gain in the past quarter. The volatility ratio for the week is 15.32%, and the volatility levels for the past 30 days are at 13.30% for SPI. The simple moving average for the past 20 days is -9.19% for SPI’s stock, with a -10.31% 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 11.92% 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 -63.49% of loss for the given period.
Volatility was left at 13.30%, however, over the last 30 days, the volatility rate increased by 15.32%, as shares surge +12.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +58.08% upper at present.
During the last 5 trading sessions, SPI fell by -29.34%, which changed the moving average for the period of 200-days by -41.70% in comparison to the 20-day moving average, which settled at $0.5066. In addition, SPI Energy Co Ltd saw -41.18% 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:
- -0.02 for the present operating margin
- 0.11 for the gross margin
The net margin for SPI Energy Co Ltd stands at -0.04. The total capital return value is set at -0.06.
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 0.11. The debt to equity ratio resting at 5.24. The interest coverage ratio of the stock is -2.83.
Currently, EBITDA for the company is -20.69 million with net debt to EBITDA at 30.32. When we switch over and look at the enterprise to sales, we see a ratio of 0.65. The receivables turnover for the company is 4.61for trailing twelve months and the total asset turnover is 0.5.
Conclusion
In conclusion, SPI Energy Co Ltd (SPI) has seen mixed 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.
