Is Spar Group, Inc. (NASDAQ:SGRP) Expensive At $2.39? Here’s How To Know.

In last trading session, Spar Group, Inc. (NASDAQ:SGRP) saw 0.58 million shares changing hands with its beta currently measuring 0.53. Company’s recent per share price level of $2.39 trading at -$0.01 or -0.42% at ring of the bell on the day assigns it a market valuation of $56.05M. That closing price of SGRP’s stock is at a discount of -30.54% from its 52-week high price of $3.12 and is indicating a premium of 70.71% from its 52-week low price of $0.70. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.6 million shares which gives us an average trading volume of 235.27K if we extend that period to 3-months.

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

Upright in the red during last session for losing -0.42%, in the last five days SGRP remained trading in the green while hitting it’s week-highest on Friday, 09/06/24 when the stock touched $2.39 price level, adding 1.65% to its value on the day. Spar Group, Inc.’s shares saw a change of 136.63% in year-to-date performance and have moved 64.83% in past 5-day. Spar Group, Inc. (NASDAQ:SGRP) showed a performance of 20.10% in past 30-days. Number of shares sold short was 64853.0 shares which calculate 0.73 days to cover the short interests.

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Spar Group, Inc. (SGRP) estimates and forecasts

Statistics highlight that Spar Group, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 132.04% of value to its shares in past 6 months, showing an annual growth rate of 119.05% while that of industry is -0.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -21.20% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 42M for the same. And 1 analysts are in estimates of company making revenue of 39M in the next quarter. Company posted 67.33M and 65.1M of sales in current and next quarters respectively a year earlier.

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

Insiders are in possession of 57.67% of company’s total shares while institution are holding 11.40 percent of that, with stock having share float percentage of 26.93%. Investors also watch the number of corporate investors in a company very closely, which is 11.40% institutions for Spar Group, Inc. that are currently holding shares of the company. RBF CAPITAL, LLC is the top institutional holder at SGRP for having 0.93 million shares of worth $2.25 million. And as of 2024-06-30, it was holding 3.9232 of the company’s outstanding shares.

The second largest institutional holder is NANTAHALA CAPITAL MANAGEMENT, LLC, which was holding about 0.66 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.7796 of outstanding shares, having a total worth of $1.6 million.