Market cap of Spectaire Holdings Inc [SPEC] reaches 7.89M – now what?

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Spectaire Holdings Inc [NASDAQ: SPEC] stock went on an upward path that rose over 15.80% on Friday, amounting to a one-week price increase of more than 22.07%.

Over the last 12 months, SPEC stock dropped by -95.80%. The one-year Spectaire Holdings Inc stock forecast points to a potential upside of 76.11. The average equity rating for SPEC stock is currently 3.00, trading closer to a bullish pattern in the stock market.

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The market cap for the stock reached $7.89 million, with 15.34 million shares outstanding and 5.83 million shares in the current float. Compared to the average trading volume of 1.05M shares, SPEC stock reached a trading volume of 10235110 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Spectaire Holdings Inc [SPEC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SPEC shares is $1.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SPEC stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

SPEC Stock Performance Analysis:

Spectaire Holdings Inc [SPEC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 22.07. With this latest performance, SPEC shares dropped by -25.62% in over the last four-week period, additionally sinking by -74.65% over the last 6 months – not to mention a drop of -95.80% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SPEC stock in for the last two-week period is set at 46.37, with the RSI for the last a single of trading hit 55.32, and the three-weeks RSI is set at 41.66 for Spectaire Holdings Inc [SPEC]. The present Moving Average for the last 50 days of trading for this stock 0.5566, while it was recorded at 0.3643 for the last single week of trading, and 3.3179 for the last 200 days.

Insight into Spectaire Holdings Inc Fundamentals:

Spectaire Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.02 and a Current Ratio set at 0.02.

Spectaire Holdings Inc [SPEC] Institutonal Ownership Details

The top three institutional holders of SPEC stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in SPEC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in SPEC stock with ownership which is approximately 5.8386%.

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