Investor Confidence Is Shaken After Spar Group, Inc. (NASDAQ: SGRP) Share Prices Gained By $0.94

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Spar Group, Inc. (NASDAQ:SGRP) has a beta value of 0.67 and has seen 2.71 million shares traded in the recent trading session. The company, currently valued at $55.97M, closed the recent trade at $2.39 per share which meant it gained $0.94 on the day or 64.83% during that session. The SGRP stock price is -30.54% off its 52-week high price of $3.12 and 70.71% above the 52-week low of $0.70. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.1 million shares traded. The 3-month trading volume is 182.02K shares.

Spar Group, Inc. (NASDAQ:SGRP) trade information

Sporting 64.83% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SGRP stock price touched $2.39 or saw a rise of 1.24%. Year-to-date, Spar Group, Inc. shares have moved 136.63%, while the 5-day performance has seen it change 53.21%. Over the past 30 days, the shares of Spar Group, Inc. (NASDAQ:SGRP) have changed 30.25%. Short interest in the company has seen 64853.0 shares shorted with days to cover at 0.73.

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Spar Group, Inc. (SGRP) estimates and forecasts

Figures show that Spar Group, Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 121.30% over the past 6 months, with this year growth rate of 47.62%, compared to -2.50% for the industry. Revenue growth from the last financial year stood is estimated to be -21.20%.

1 analysts offering their estimates for the company have set an average revenue estimate of 42M for the current quarter. 1 have an estimated revenue figure of 39M for the next ending quarter. Year-ago sales stood 67.33M and 65.1M respectively for this quarter and the next, and analysts expect sales will shrink by -37.60% for the current quarter and -21.20% for the next.

SGRP Dividends

Spar Group, Inc. is expected to release its next earnings report on 2024-Nov-12 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Spar Group, Inc. (NASDAQ:SGRP)’s Major holders

Insiders own 57.73% of the company shares, while shares held by institutions stand at 11.41% with a share float percentage of 27.00%. Investors are also buoyed by the number of investors in a company, with Spar Group, Inc. having a total of 28.0 institutions that hold shares in the company. The top two institutional holders are RBF CAPITAL, LLC with over 0.93 million shares worth more than $2.25 million. As of 2024-06-30, RBF CAPITAL, LLC held 3.9232% of shares outstanding.

The other major institutional holder is NANTAHALA CAPITAL MANAGEMENT, LLC, with the holding of over 0.66 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.6 million and represent 2.7796% of shares outstanding.