SPI Energy Co Ltd (NASDAQ:SPI) Reduces -8.50% In A Week: What’s Lifting The Stock?

In last trading session, SPI Energy Co Ltd (NASDAQ:SPI) saw 0.17 million shares changing hands with its beta currently measuring 0.69. Company’s recent per share price level of $0.30 trading at -$0.01 or -4.21% at ring of the bell on the day assigns it a market valuation of $9.35M. That closing price of SPI’s stock is at a discount of -320.0% from its 52-week high price of $1.26 and is indicating a premium of 10.0% from its 52-week low price of $0.27. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.15 million shares which gives us an average trading volume of 821.20K if we extend that period to 3-months.

SPI Energy Co Ltd (NASDAQ:SPI) trade information

Upright in the red during last session for losing -4.21%, in the last five days SPI remained trading in the red while hitting it’s week-highest on Thursday, 11/21/24 when the stock touched $0.30 price level, adding 6.25% to its value on the day. SPI Energy Co Ltd’s shares saw a change of -62.15% in year-to-date performance and have moved -8.50% in past 5-day. SPI Energy Co Ltd (NASDAQ:SPI) showed a performance of -30.17% in past 30-days. Number of shares sold short was 0.15 million shares which calculate 0.71 days to cover the short interests.

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Wall Street analysts have assigned a consensus price target of 7 to the stock, which implies a rise of 95.71% to its current value. Analysts have been projecting 7 as a low price target for the stock while placing it at a high target of 7. It follows that stock’s current price would drop -2233.33% in reaching the projected high whereas dropping to the targeted low would mean a loss of -2233.33% for stock’s current value.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 60.64% during past 5 years.

SPI Energy Co Ltd (NASDAQ:SPI)’s Major holders

MILLENNIUM MANAGEMENT LLC is the top institutional holder at SPI for having 0.17 million shares of worth $74783.0. And as of 2024-06-30, it was holding 0.5362 of the company’s outstanding shares.

The second largest institutional holder is GEODE CAPITAL MANAGEMENT, LLC, which was holding about 0.15 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.4784 of outstanding shares, having a total worth of $66720.0.