Spruce Power Holding Stock Short Ratio
| SPRU Stock | 2.88 0.05 1.71% |
Spruce Power Holding fundamentals help investors to digest information that contributes to Spruce Power's financial success or failures. It also enables traders to predict the movement of Spruce Stock. The fundamental analysis module provides a way to measure Spruce Power's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Spruce Power stock.
Spruce | Short Ratio |
Spruce Power Holding Company Short Ratio Analysis
Spruce Power's Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Current Spruce Power Short Ratio | 8.45 X |
Most of Spruce Power's fundamental indicators, such as Short Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Spruce Power Holding is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Spruce Short Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Spruce Power is extremely important. It helps to project a fair market value of Spruce Stock properly, considering its historical fundamentals such as Short Ratio. Since Spruce Power's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Spruce Power's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Spruce Power's interrelated accounts and indicators.
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The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
| Competition |
Based on the latest financial disclosure, Spruce Power Holding has a Short Ratio of 8.45 times. This is 74.23% higher than that of the Semiconductors & Semiconductor Equipment sector and 95.15% higher than that of the Information Technology industry. The short ratio for all United States stocks is 111.25% lower than that of the firm.
Spruce Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Spruce Power's direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Spruce Power could also be used in its relative valuation, which is a method of valuing Spruce Power by comparing valuation metrics of similar companies.Spruce Power is currently under evaluation in short ratio category among its peers.
Spruce Power Current Valuation Drivers
We derive many important indicators used in calculating different scores of Spruce Power from analyzing Spruce Power's financial statements. These drivers represent accounts that assess Spruce Power's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Spruce Power's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 277.4M | 2.0B | 458.3M | 81.3M | 73.2M | 69.5M | |
| Enterprise Value | 287.8M | 1.7B | 111.2M | 565.6M | 509.1M | 438.5M |
Spruce Power ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Spruce Power's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Spruce Power's managers, analysts, and investors.Environmental | Governance | Social |
Spruce Power Institutional Holders
Institutional Holdings refers to the ownership stake in Spruce Power that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Spruce Power's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Spruce Power's value.| Shares | Morgan Stanley - Brokerage Accounts | 2024-09-30 | 44.9 K | State Street Corp | 2024-09-30 | 44 K | T. Rowe Price Associates, Inc. | 2024-09-30 | 32.6 K | Northern Trust Corp | 2024-09-30 | 26.1 K | Essex Financial Services, Inc. | 2024-09-30 | 24.1 K | Mml Investors Services Inc | 2024-09-30 | 15.1 K | Ardsley Advisory Partners | 2024-09-30 | 13.5 K | Salem Investment Counselors Inc | 2024-09-30 | 12.5 K | Engineers Gate Manager Lp | 2024-09-30 | 11.8 K | Jpmorgan Chase & Co | 2024-09-30 | 773.2 K | Vanguard Group Inc | 2024-09-30 | 651.3 K |
Spruce Fundamentals
| Return On Equity | -0.26 | ||||
| Return On Asset | -0.0107 | ||||
| Profit Margin | (0.76) % | ||||
| Operating Margin | (0.19) % | ||||
| Current Valuation | 551.29 M | ||||
| Shares Outstanding | 18.56 M | ||||
| Shares Owned By Insiders | 13.40 % | ||||
| Shares Owned By Institutions | 21.00 % | ||||
| Number Of Shares Shorted | 318.16 K | ||||
| Price To Book | 0.36 X | ||||
| Price To Sales | 0.67 X | ||||
| Revenue | 79.86 M | ||||
| Gross Profit | 13.24 M | ||||
| EBITDA | 5.87 M | ||||
| Net Income | (61.71 M) | ||||
| Total Debt | 625.68 M | ||||
| Book Value Per Share | 10.90 X | ||||
| Cash Flow From Operations | (33.66 M) | ||||
| Short Ratio | 8.45 X | ||||
| Earnings Per Share | (3.28) X | ||||
| Target Price | 6.0 | ||||
| Number Of Employees | 142 | ||||
| Beta | 1.21 | ||||
| Market Capitalization | 43.42 M | ||||
| Total Asset | 895.02 M | ||||
| Retained Earnings | (257.89 M) | ||||
| Working Capital | 131.63 M | ||||
| Net Asset | 895.02 M |
About Spruce Power Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Spruce Power Holding's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Spruce Power using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Spruce Power Holding based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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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.