SPI Energy Co Ltd [NASDAQ: SPI] stock went on an upward path that rose over 58.14% on Tuesday, amounting to a one-week price increase of more than 58.10%.
Over the last 12 months, SPI stock dropped by -10.51%. The one-year SPI Energy Co Ltd stock forecast points to a potential upside of 45.6. The average equity rating for SPI stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $21.49 million, with 31.60 million shares outstanding and 23.22 million shares in the current float. Compared to the average trading volume of 1.35M shares, SPI stock reached a trading volume of 135603243 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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.
SPI Stock Performance Analysis:
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 58.10. With this latest performance, SPI shares gained by 120.85% in over the last four-week period, additionally plugging by 67.69% over the last 6 months – not to mention a drop of -10.51% 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 77.06, with the RSI for the last a single of trading hit 82.80, and the three-weeks RSI is set at 71.95 for SPI Energy Co Ltd [SPI]. The present Moving Average for the last 50 days of trading for this stock 0.3683, while it was recorded at 0.4619 for the last single week of trading, and 0.4406 for the last 200 days.
SPI Energy Co Ltd [SPI] Institutonal Ownership Details
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%.
