A better buy-in window may exist right now for SpringBig Holdings Inc. (SBIG)

SpringBig Holdings Inc. (NASDAQ: SBIG) stock jumped 3.05% on Friday to $1.69 against a previous-day closing price of $1.64. With 1.01 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.45 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $1.9999 whereas the lowest price it dropped to was $1.4650. The 52-week range on SBIG shows that it touched its highest point at $5.44 and its lowest point at $1.56 during that stretch. It currently has a 1-year price target of $4.50.

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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 SBIG was down-trending over the past week, with a drop of -3.43%, but this was down by -3.43% over a month. Three-month performance dropped to -65.89% while six-month performance fell -65.75%. The stock lost -65.12% in the past year, while it has lost -65.75% so far this year. A look at the trailing 12-month EPS for SBIG yields 0.26 with Next year EPS estimates of 0.10.

Float and Shares Shorts:

At present, 50.00 million SBIG shares are outstanding with a float of 13.58 million shares on hand for trading. On Jul 14, 2022, short shares totaled 58510.0, which was 0.23% higher than short shares on Jun 14, 2022. In addition to Mr. Jeffrey Harris as the firm’s Co-Founder, CEO & Chairman, Mr. Paul Sykes serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 105.17% of SBIG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 34.89% of SBIG, in contrast to 17.24% held by mutual funds. Shares owned by individuals account for 0.38%. As the largest shareholder in SBIG with 2.05% of the stake, Aristeia Capital LLC holds 1,038,023 shares worth 1,038,023. A second-largest stockholder of SBIG, Periscope Capital, Inc., holds 930,300 shares, controlling over 1.84% of the firm’s shares. Marshall Wace LLP is the third largest shareholder in SBIG, holding 872,560 shares or 1.73% stake. With a 0.22% stake in SBIG, the Picton Mahoney Fortified Arbitrag is the largest stakeholder. A total of 110,200 shares are owned by the mutual fund manager. The Picton Mahoney Fortified Arbitrag, which owns about 0.07% of SBIG stock, is the second-largest Mutual Fund holder. It holds 36,400 shares valued at 65156.0. EHP Global Arbitrage Alternative holds 0.05% of the stake in SBIG, owning 24,959 shares worth 44677.0.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. Over the past year, revenue came in at $24.02M while operating income stood at -$6.53M. EBITDA for the full year was -$7.14M.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SBIG 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 SBIG analysts setting a high price target of $4.50 and a low target of $4.50, the average target price over the next 12 months is $4.50. Based on these targets, SBIG could surge 166.27% to reach the target high and rise by 166.27% to reach the target low. Reaching the average price target will result in a growth of 166.27% 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. Analysts have provided yearly estimates in a range of -$0.42 being high and -$0.42 being low. For SBIG, this leads to a yearly average estimate of -$0.42. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Based on analyst estimates, the high estimate for the next quarter is -$0.21 and the low estimate is -$0.21. The average estimate for the next quarter is thus -$0.21.

Summary of Insider Activity:

Insiders traded SBIG stock several times over the past three months with 2 Buys and 1 Sells. In these transactions, 5,470,000 shares were bought while 1,000,000 shares were sold. The number of buy transactions has increased to 2 while that of sell transactions has risen to 1 over the past year. The total number of shares bought during that period was 5,470,000 while 1,000,000 shares were sold.

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