Spruce Power Holding Corporatio (NYSE:SPRU)’s traded shares stood at 1.04 million during the last session, with the company’s beta value hitting 1.26. At the close of trading, the stock’s price was $0.82, to imply an increase of 4.59% or $0.04 in intraday trading. The SPRU share’s 52-week high remains $2.47, putting it -201.22% down since that peak but still an impressive 15.85% since price per share fell to its 52-week low of $0.69. The company has a valuation of $120.74M, with an average of 0.48 million shares in intraday trading volume over the past 10 days and average of 542.51K shares over the past 3 months.

Analysts have given a consensus recommendation of a Hold for Spruce Power Holding Corporatio (SPRU), translating to a mean rating of 3.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give SPRU a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.

Spruce Power Holding Corporatio (NYSE:SPRU) trade information

After registering a 4.59% upside in the last session, Spruce Power Holding Corporatio (SPRU) has traded red over the past five days. The stock hit a weekly high of 0.8500 this Friday, 03/17/23, jumping 4.59% in its intraday price action. The 5-day price performance for the stock is 8.77%, and -35.25% over 30 days. With these gigs, the year-to-date price performance is -11.24%. Short interest in Spruce Power Holding Corporatio (NYSE:SPRU) saw shorts transact 2.18 million shares and set a 3.33 days time to cover.

Analysts on Wall Street suggest a consensus price target of $6.00, implying an increase of 86.33% to the stock’s current value. The extremes give us $6.00 and $6.00 for target low and target high price respectively. As such, SPRU has been trading -631.71% off suggested target high and -631.71% from its likely low.

Spruce Power Holding Corporatio (SPRU) estimates and forecasts

The rating firms project that company’s revenue will grow 48.10% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is $8.36 million. Meanwhile, for the quarter ending Dec 2022, a total of 1 analyst(s) estimate revenue growth to $5.9 million.Earnings reports from the last fiscal year show that sales brought in $3.2 million and $8.03 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 161.20% before dropping -26.50% in the following quarter.

SPRU Dividends

Spruce Power Holding Corporatio has its next earnings report out between May 08 and May 12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Spruce Power Holding Corporatio has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Spruce Power Holding Corporatio (NYSE:SPRU)’s Major holders

Spruce Power Holding Corporatio insiders hold 35.09% of total outstanding shares, with institutional holders owning 36.52% of the shares at 56.27% float percentage. In total, 36.52% institutions holds shares in the company, led by JP Morgan Chase & Company. As of Sep 29, 2022, the company held over 6.18 million shares (or 4.29% of shares), all amounting to roughly $5.5 million.

The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 4.58 million shares, or about 3.18% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $4.07 million.

We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Spruce Power Holding Corporatio (SPRU) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 3.05 million shares. This is just over 2.12% of the total shares, with a market valuation of $2.71 million. Data from the same date shows that the other fund manager holds a little less at 1.35 million, or 0.93% of the shares, all valued at about 1.2 million.