Kaspien Holdings Inc. (NASDAQ: KSPN) stock fell -18.71% on Friday to $5.04 against a previous-day closing price of $6.20. With 2.85 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.41 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $5.57 whereas the lowest price it dropped to was $4.50. The 52-week range on KSPN shows that it touched its highest point at $23.21 and its lowest point at $2.01 during that stretch. Beta for the stock currently stands at 0.63.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of KSPN was up-trending over the past week, with a rise of 97.65%, but this was up by 147.06% over a month. Three-month performance dropped to -4.36% while six-month performance fell -43.05%. The stock lost -74.64% in the past year, while it has lost -51.72% so far this year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -29.60%.
Float and Shares Shorts:
At present, 2.49 million KSPN shares are outstanding with a float of 1.37 million shares on hand for trading. On Jul 14, 2022, short shares totaled 0.24 million, which was 9.10% higher than short shares on Jun 14, 2022. In addition to Mr. Edwin J. Sapienza as the firm’s CFO, Sec., Treasurer & VP of Strategy, Mr. Brock Kowalchuk serves as its Interim Chief Exec. Officer.
Through their ownership of 34.41% of KSPN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 45.14% of KSPN, in contrast to 34.54% held by mutual funds. Shares owned by individuals account for 0.75%. As the largest shareholder in KSPN with 28.64% of the stake, Independent Family Office LLC holds 716,514 shares worth 716,514. A second-largest stockholder of KSPN, Renaissance Technologies LLC, holds 97,553 shares, controlling over 3.90% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in KSPN, holding 36,146 shares or 1.45% stake. With a 0.49% stake in KSPN, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 12,336 shares are owned by the mutual fund manager. The Fidelity Extended Market Index Fu, which owns about 0.15% of KSPN stock, is the second-largest Mutual Fund holder. It holds 3,780 shares valued at 9337.0. Fidelity Nasdaq Composite Index F holds 0.04% of the stake in KSPN, owning 939 shares worth 2319.0.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KSPN since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With KSPN analysts setting a high price target of $40.00 and a low target of $40.00, the average target price over the next 12 months is $40.00. Based on these targets, KSPN could surge 693.65% to reach the target high and rise by 693.65% to reach the target low. Reaching the average price target will result in a growth of 693.65% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. KSPN will report FY 2022 earnings on 03/16/2023. Analysts have provided yearly estimates in a range of -$1.38 being high and -$1.38 being low. For KSPN, this leads to a yearly average estimate of -$1.38. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Kaspien Holdings Inc. reported -$1.78 EPS. The surprise factor in the prior quarter was -$1.86. Based on analyst estimates, the high estimate for the next quarter is -$0.47 and the low estimate is -$0.47. The average estimate for the next quarter is thus -$0.47.
Summary of Insider Activity:
Insiders traded KSPN stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 2 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 8,500 while 0 shares were sold.