There is no way Appreciate Holdings Inc. (SFR) can keep these numbers up

Appreciate Holdings Inc. (NASDAQ: SFR) stock fell -9.31% on Tuesday to $0.27 against a previous-day closing price of $0.30. With 1.01 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.15 million shares. During the session, the Real Estate Services company that operates in wider Real Estate sector, reached to the highest price of $0.3000 whereas the lowest price it dropped to was $0.2550. The 52-week range on SFR shows that it touched its highest point at $13.40 and its lowest point at $0.25 during that stretch. It currently has a 1-year price target of $3.50.

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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 SFR was down-trending over the past week, with a drop of -11.30%, but this was down by -86.60% over a month. Three-month performance dropped to -80.00% while six-month performance fell -97.25%. The stock lost -97.27% in the past year, while it has lost -76.70% so far this year. A look at the trailing 12-month EPS for SFR yields -0.06 with Next year EPS estimates of -0.21.

Float and Shares Shorts:

At present, 28.75 million SFR shares are outstanding with a float of 13.87 million shares on hand for trading. On Apr 27, 2023, short shares totaled 0.37 million, which was 0.77% higher than short shares on Mar 30, 2023. In addition to Mr. Christopher A. Laurence as the firm’s CEO & Director, Mr. Kevin Ortner serves as its Pres.

Institutional Ownership:

Through their ownership of 19.47% of SFR’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.56% of SFR, in contrast to 62.69% held by mutual funds. Shares owned by individuals account for 2.19%. As the largest shareholder in SFR with 18.23% of the stake, Polar Asset Management Partners, holds 3,108,715 shares worth 3,108,715. A second-largest stockholder of SFR, Cohen & Company Financial Managem, holds 3,067,321 shares, controlling over 17.98% of the firm’s shares. Meteora Capital LLC is the third largest shareholder in SFR, holding 2,885,966 shares or 16.92% stake. With a 1.64% stake in SFR, the Lyxor Newcits IRL Plc – Tiedemann is the largest stakeholder. A total of 279,426 shares are owned by the mutual fund manager. The Schwab US Small Cap ETF, which owns about 0.38% of SFR stock, is the second-largest Mutual Fund holder. It holds 64,076 shares valued at 44277.0. Fidelity Nasdaq Composite Index F holds 0.07% of the stake in SFR, owning 12,250 shares worth 8465.0.

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, SFR reported revenue of $0.00 and operating income of -$9.89M. The EBITDA in the recently reported quarter was -$12.21M and diluted EPS was -$0.26.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SFR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SFR analysts setting a high price target of $3.50 and a low target of $3.50, the average target price over the next 12 months is $3.50. Based on these targets, SFR could surge 1196.3% to reach the target high and rise by 1196.3% to reach the target low. Reaching the average price target will result in a growth of 1196.3% 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.

Summary of Insider Activity:

Insiders traded SFR 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 1,097,318 while 0 shares were sold.

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