Support.com Inc. (NASDAQ:SPRT) previous close was $2.84 while the outstanding shares total 20.20M. The firm has a beta of 0.67. SPRT’s shares traded lower over the last trading session, losing -0.35% on 05/27/21. The shares fell to a low of $2.75 before closing at $2.83. Intraday shares traded counted 0.62 million, which was 89.17% higher than its 30-day average trading volume of 5.69M. The stock’s Relative Strength Index (RSI) is 45.03, with weekly volatility at 8.09% and ATR at 0.29. The SPRT stock’s 52-week price range has touched low of $1.20 and a $9.45 high.
Investors have identified the Software – Application company Support.com Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $68.17 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Support.com Inc. (SPRT) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 46.03 million total, with 5.86 million as their total liabilities.
SPRT were able to record 0.84 million as free cash flow during the 08/11/2021 quarter of the year, this saw their quarterly net cash flow reduce by 15.48 million. In cash movements, the company had a total of 0.94 million as operating cash flow.
Potential earnings growth for Support.com Inc. (SPRT)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/11/2021 quarter of the year, Support.com Inc. recorded a total of 9.63 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -24.07% coming in sequential stages and their sales for the 08/11/2021 quarter reducing by -9.47%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 6.09 million trying to sell their products during the last quarter, with the result yielding a gross income of 3.54 million. This allows shareholders to hold on to 20.20M with the recently reported earning now reading -0.10 cents per share. This is a figure that compared to analyst’s prediction for their 08/11/2021 (0.00 cents a share).
Is the stock of SPRT attractive?
In related news, EVP CFO, Schaffer Shelly B. sold 75,000 shares of the company’s stock in a transaction that recorded on Aug 01. The sale was performed at an average price of 5.50, for a total value of 412,500. As the sale deal closes, the Chief Financial Officer, ROOK CAROLINE now bought 6,550 shares of the company’s stock, valued at 10,801. Also, President and CEO, Bloom Richard A sold 19,910 shares of the company’s stock in a deal that was recorded on Aug 05. The shares were price at an average price of 1.66 per share, with a total market value of 33,053. In the last 6 months, insiders have changed their ownership in shares of company stock by 5.20%.