SPI Energy Co Ltd (NASDAQ: SPI)’s stock price has plunge by 0.53relation to previous closing price of 0.38. Nevertheless, the company has seen a -3.77% plunge in its stock price over the last five trading sessions. accesswire.com reported 2024-11-21 that MCCLELLAN PARK, CA / ACCESSWIRE / November 21, 2024 / SPI Energy Co., Ltd., (NASDAQ:SPI) (the “Company”), a global renewable energy company and provider of solar storage solutions for business, residential, government, logistics and utility customers, today announced that it received a letter from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) issuing a Staff determination (the “Staff Determination”) on November 19, 2024.
Is It Worth Investing in SPI Energy Co Ltd (NASDAQ: SPI) Right Now?
Additionally, the 36-month beta value for SPI is 0.67. 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 2.74% ratio of that float. The average trading volume of SPI on December 27, 2024 was 1.35M shares.
SPI’s Market Performance
SPI’s stock has seen a -3.77% decrease for the week, with a 22.33% rise in the past month and a -10.95% fall in the past quarter. The volatility ratio for the week is 12.14%, and the volatility levels for the past 30 days are at 12.21% for SPI Energy Co Ltd The simple moving average for the past 20 days is 5.76% for SPI’s stock, with a -15.03% 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 2.84% 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 -55.29% of loss for the given period.
Volatility was left at 12.21%, however, over the last 30 days, the volatility rate increased by 12.14%, as shares surge +27.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -35.63% lower at present.
During the last 5 trading sessions, SPI fell by -4.25%, which changed the moving average for the period of 200-days by -39.63% in comparison to the 20-day moving average, which settled at $0.3573. In addition, SPI Energy Co Ltd saw -51.66% 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 0.81 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 4.36. The interest coverage ratio of the stock is -0.53.
Currently, EBITDA for the company is -17.8 million with net debt to EBITDA at 17.23. When we switch over and look at the enterprise to sales, we see a ratio of 0.63. The receivables turnover for the company is 4.67for trailing twelve months and the total asset turnover is 0.5.
Conclusion
In conclusion, SPI Energy Co Ltd (SPI) 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.
