SPI Energy Co Ltd [SPI] stock Initiated by Maxim Group analyst, price target now $12

SPI Energy Co Ltd [NASDAQ: SPI] closed the trading session at $0.39.

The stocks have a year to date performance of -50.51 percent and weekly performance of 23.56 percent. The stock has been moved at -20.21 percent over the last six months. The stock has performed 20.94 percent around the most recent 30 days and changed -8.01 percent over the most recent 3-months.

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If compared to the average trading volume of 499.43K shares, SPI reached to a volume of 41346512 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about SPI Energy Co Ltd [SPI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SPI shares is $1.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SPI stock is a recommendation set at 1.00. 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.

Maxim Group have made an estimate for SPI Energy Co Ltd shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 27, 2021.

The Average True Range (ATR) for SPI Energy Co Ltd is set at 0.03, with the Price to Sales ratio for SPI stock in the period of the last 12 months amounting to 0.06.

SPI stock trade performance evaluation

SPI Energy Co Ltd [SPI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 23.56. With this latest performance, SPI shares gained by 20.94% in over the last four-week period, additionally sinking by -20.21% over the last 6 months – not to mention a drop of -60.84% 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 SPI stock in for the last two-week period is set at 59.90, with the RSI for the last a single of trading hit 69.84, and the three-weeks RSI is set at 54.53 for SPI Energy Co Ltd [SPI]. The present Moving Average for the last 50 days of trading for this stock 0.4022, while it was recorded at 0.3358 for the last single week of trading, and 0.4551 for the last 200 days.

SPI Energy Co Ltd [SPI]: Institutional Ownership

The top three institutional holders of SPI stocks are: MILLENNIUM MANAGEMENT LLC with ownership of 0.17 million shares, which is approximately 0.5362%. GEODE CAPITAL MANAGEMENT, LLC, holding 0.15 million shares of the stock with an approximate value of $$66720.0 in SPI stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $$42001.0 in SPI stock with ownership which is approximately 0.3012%.