Spruce Power Holding Stock Price on August 14, 2023
| SPRU Stock | 3.05 0.16 5.54% |
Below is the normalized historical share price chart for Spruce Power Holding extending back to September 03, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Spruce Power stands at 3.05, as last reported on the 28th of December, with the highest price reaching 3.11 and the lowest price hitting 2.81 during the day.
If you're considering investing in Spruce Stock, it is important to understand the factors that can impact its price. Currently, Spruce Power Holding is unstable. Spruce Power Holding owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0482, which indicates the firm had a 0.0482% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Spruce Power Holding, which you can use to evaluate the volatility of the company. Please validate Spruce Power's Semi Deviation of 3.04, coefficient of variation of 1521.91, and Risk Adjusted Performance of 0.0603 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%.
At this time, Spruce Power's Total Stockholder Equity is comparatively stable compared to the past year. Stock Based Compensation is likely to gain to about 4.8 M in 2024, whereas Common Stock is likely to drop 1,900 in 2024. . Price To Sales Ratio is likely to drop to 0.97 in 2024. Price Earnings Ratio is likely to drop to -1.3 in 2024. Spruce Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 3rd of September 2019 | 200 Day MA 3.3652 | 50 Day MA 2.644 | Beta 1.206 |
Spruce |
Sharpe Ratio = 0.0482
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Estimated Market Risk
| 3.82 actual daily | 34 66% of assets are more volatile |
Expected Return
| 0.18 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Spruce Power is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Spruce Power by adding it to a well-diversified portfolio.
Price Book 0.3595 | Enterprise Value Ebitda 375.3498 | Price Sales 0.6744 | Shares Float 16.6 M | Wall Street Target Price 6 |
Spruce Power Valuation on August 14, 2023
It is possible to determine the worth of Spruce Power on a given historical date. On August 14, 2023 Spruce was worth 6.81 at the beginning of the trading date compared to the closed value of 6.11. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Spruce Power stock. Still, in general, we apply an absolute valuation method to find Spruce Power's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Spruce Power where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Spruce Power's related companies.
| Open | High | Low | Close | Volume | |
| 7.92 | 8.00 | 7.04 | 7.14 | 79,288 | |
08/14/2023 | 6.81 | 6.92 | 6.11 | 6.11 | 109,188 |
| 6.09 | 6.09 | 5.72 | 6.08 | 119,700 |
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Spruce Power Trading Date Momentum on August 14, 2023
| On August 15 2023 Spruce Power Holding was traded for 6.08 at the closing time. The top price for the day was 6.09 and the lowest listed price was 5.72 . The trading volume for the day was 119.7 K. The trading history from August 15, 2023 was a factor to the next trading day price decrease. The trading price change against the next closing price was 0.49% . The trading price change against the current closing price is 0.82% . |
Spruce Power Holding Fundamentals Correlations and Trends
By evaluating Spruce Power's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Spruce Power's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Spruce financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Spruce Power Stock history
Spruce Power investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Spruce is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Spruce Power Holding will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Spruce Power stock prices may prove useful in developing a viable investing in Spruce Power
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 18.4 M | 15.1 M | |
| Net Loss | -84.5 M | -80.3 M |
Spruce Power Quarterly Net Working Capital |
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Spruce Power Stock Technical Analysis
Spruce Power technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Spruce Power Period Price Range
Low | December 28, 2024
| High |
0.00 | 0.00 |
Spruce Power Holding cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Spruce Power December 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Spruce Power stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Spruce Power shares will generate the highest return on investment. By undertsting and applying Spruce Power stock market strength indicators, traders can identify Spruce Power Holding entry and exit signals to maximize returns
Spruce Power Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Spruce Power's price direction in advance. Along with the technical and fundamental analysis of Spruce Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Spruce to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0603 | |||
| Jensen Alpha | 0.2426 | |||
| Total Risk Alpha | 0.1335 | |||
| Sortino Ratio | 0.0654 | |||
| Treynor Ratio | (1.45) |
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Additional Tools for Spruce Stock Analysis
When running Spruce Power's price analysis, check to measure Spruce Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Spruce Power is operating at the current time. Most of Spruce Power's value examination focuses on studying past and present price action to predict the probability of Spruce Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spruce Power's price. Additionally, you may evaluate how the addition of Spruce Power to your portfolios can decrease your overall portfolio volatility.