Renaissance Technologies LLC recently announced the acquisition of new stake in SPI Energy Co. Ltd. (NASDAQ:SPI). This fresh investment now brings its stake to 0.28% valued currently at $69989.0. In addition, UBS Securities LLC raised its holdings by 2751.0 to 4878.0 shares.
With over 0.47 million SPI Energy Co. Ltd. (SPI) shares trading Tuesday and a closing price of $1.61 on the day, the dollar volume was approximately $0.76 million. The shares have shown a negative half year performance of -7.47% and its price on 01/17/23 gained nearly 20.15%. Currently, there are 28.09M common shares owned by the public and among those 22.59M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for SPI have a consensus price objective of $6.50. The analysts have set the share’s price value over the next 12 months at a high of $8.00 and a low of $5.00. The average price target is 75.23% above its recent price level and an upside to the estimated low will see the stock gain 67.8% over that period. But an upside of 79.88% will see the stock hit the forecast high price target while median target price for the stock is $6.50.
The top 3 mutual fund holders in SPI Energy Co. Ltd. are Fidelity Nasdaq Composite Index F, Carbon Collective Climate Solutio, and Pharus SICAV – Dynamic Allocation. Fidelity Nasdaq Composite Index F owns 11554.0 shares of the company’s stock, all valued at over $9936.0. Carbon Collective Climate Solutio bought 14.0 shares to see its total holdings expand to 508.0 shares valued at over $437.0 and representing 0.00% of the shares outstanding. Pharus SICAV – Dynamic Allocation sold 3990.0 shares to bring its total holdings to over 0.0 shares at a value of $0.0. Pharus SICAV – Dynamic Allocation now owns shares totaling to 0.00% of the shares outstanding.
Shares of SPI Energy Co. Ltd. (NASDAQ: SPI) opened at $1.50, up $0.16 from a prior closing price of $1.34. However, the script later moved the day high at 1.6300, up 20.15%. The company’s stock has a 5-day price change of 51.89% and 34.17% over the past three months. SPI shares are trading 87.21% year to date (YTD), with the 12-month market performance down to -52.51% lower. It has a 12-month low price of $0.73 and touched a high of $4.35 over the same period. SPI has an average intraday trading volume of 113.42K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 62.14%, 27.74%, and -6.86% respectively.
Institutional ownership of SPI Energy Co. Ltd. (NASDAQ: SPI) shares accounts for 1.20% of the company’s 28.09M shares outstanding. Mutual fund holders own 0.04%, while other institutional holders and individual stakeholders account for 1.12% and — respectively.
It has a market capitalization of $42.29M and a beta (3y monthly) value of 1.30. The earnings-per-share (ttm) stands at -$1.77. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.87% over the week and 11.10% over the month.
Looking at the support for the SPI, a number of firms have released research notes about the stock. Maxim Group stated their Buy rating for the stock in a research note on September 27, 2021, with the firm’s price target at $12.