Appreciate Holdings Inc. (NASDAQ: SFR) stock fell -6.80% on Friday to $0.22 against a previous-day closing price of $0.24. With 0.49 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.44 million shares. The 52-week range on SFR shows that it touched its highest point at $13.40 and its lowest point at $0.20 during that stretch. Beta for the stock currently stands at 0.79.
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 -20.48%, but this was down by -25.97% over a month. Three-month performance dropped to -29.65% while six-month performance fell -78.23%. The stock lost -97.76% in the past year, while it has lost -80.69% so far this year.
Float and Shares Shorts:
At present, 28.75 million SFR shares are outstanding with a float of 17.17 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.12 million, which was 0.24% higher than short shares on Jul 30, 2023. In addition to Mr. Christopher A. Laurence as the firm’s CEO & Director, Mr. Kevin Ortner serves as its Pres.
Through their ownership of 10.73% of SFR’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.56% of SFR, in contrast to 30.88% held by mutual funds. Shares owned by individuals account for 3.41%. 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, Cantor Fitzgerald & Co., holds 1,052,632 shares, controlling over 6.17% of the firm’s shares. Meteora Capital LLC is the third largest shareholder in SFR, holding 912,219 shares or 5.35% 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 Fidelity Extended Market Index Fu, which owns about 0.53% of SFR stock, is the second-largest Mutual Fund holder. It holds 89,532 shares valued at 25517.0. Schwab US Small Cap ETF holds 0.38% of the stake in SFR, owning 64,715 shares worth 18444.0.
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.
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 1490.91% to reach the target high and rise by 1490.91% to reach the target low. Reaching the average price target will result in a growth of 1490.91% 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.