Does SPI Energy Co. Ltd. (SPI) offer a good opportunity for investors?

SPI Energy Co. Ltd. (NASDAQ: SPI) stock fell -3.39% on Tuesday to $1.71 against a previous-day closing price of $1.77. With 0.13 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.14 million shares. During the session, the Solar company that operates in wider Technology sector, reached to the highest price of $1.7800 whereas the lowest price it dropped to was $1.6700. The 52-week range on SPI shows that it touched its highest point at $4.35 and its lowest point at $0.73 during that stretch. It currently has a 1-year price target of $6.00. Beta for the stock currently stands at 1.37.

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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 SPI was up-trending over the past week, with a rise of 6.21%, but this was up by 78.13% over a month. Three-month performance surged to 30.53% while six-month performance rose 1.79%. The stock lost -36.90% in the past year, while it has gained 98.84% so far this year. A look at the trailing 12-month EPS for SPI yields -1.77 with Next year EPS estimates of -0.82.

Float and Shares Shorts:

At present, 28.09 million SPI shares are outstanding with a float of 22.59 million shares on hand for trading. On Dec 29, 2022, short shares totaled 67310.0, which was 0.22% higher than short shares on Nov 29, 2022. In addition to Mr. Xiaofeng Peng as the firm’s Exec. Chairman & CEO, Ms. Janet Jie Chen serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 1.16% of SPI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 1.12% of SPI, in contrast to 0.04% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SPI with 0.46% of the stake, Bank of America, NA holds 133,479 shares worth 133,479. A second-largest stockholder of SPI, Renaissance Technologies LLC, holds 81,382 shares, controlling over 0.28% of the firm’s shares. Susquehanna Financial Group LLLP is the third largest shareholder in SPI, holding 32,441 shares or 0.11% stake. With a 0.04% stake in SPI, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 11,554 shares are owned by the mutual fund manager. The Carbon Collective Climate Solutio, which owns about 0.00% of SPI stock, is the second-largest Mutual Fund holder. It holds 508 shares valued at 437.0. Pharus SICAV – Dynamic Allocation holds 0.00% of the stake in SPI, owning 0 shares worth 0.0.

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. In its fiscal quarter reported on Sep 29, 2022, SPI reported revenue of $48.58M and operating income of -$5.59M. The EBITDA in the recently reported quarter was -$2.39M and diluted EPS was -$0.08.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SPI since 2 analysts follow the stock currently. There are 2 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 SPI analysts setting a high price target of $7.00 and a low target of $5.00, the average target price over the next 12 months is $6.00. Based on these targets, SPI could surge 309.36% to reach the target high and rise by 192.4% to reach the target low. Reaching the average price target will result in a growth of 250.88% 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. SPI will report FY 2022 earnings on 03/29/2024. Analysts have provided yearly estimates in a range of -$1.20 being high and -$1.20 being low. For SPI, this leads to a yearly average estimate of -$1.20. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. SPI Energy Co. Ltd. surprised analysts by -$0.25 when it reported -$0.48 EPS against a consensus estimate of -$0.23. The surprise factor in the prior quarter was $0.16. Based on analyst estimates, the high estimate for the next quarter is -$0.36 and the low estimate is -$0.36. The average estimate for the next quarter is thus -$0.36.

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