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SPAR Group Sells Interest in China Joint Venture
Globe Newswire (Tue, 27-Feb 10:30 AM ET)
SPAR Group Sells Interest in Australia and NMS Joint Ventures
Business Wire (Wed, 10-Jan 7:30 AM ET)
SPAR Group Inc is a supplier of merchandising and other marketing services. It also provides in-store event staffing, product sampling, audit services, furniture and other product assembly services, technology services and marketing research services. The company divides its operations into two reportable segments: Domestic division is comprised of all operations within the United States; and The International division is a consolidation of all other operations and joint ventures. Its customers are from retail and manufacturing segments. Its geographic presence is in Brazil, South Africa, Mexico, China, Japan, India, Canada, Australia, Turkey, and United States from where it generates maximum revenue.
Spar Group trades on the NASDAQ stock market under the symbol SGRP.
As of March 27, 2024, SGRP stock price climbed to $1.05 with 430 million shares trading.
SGRP has a market cap of $24.34 million. This is considered a Sub-Micro Cap stock.
Last quarter Spar Group reported $67 million in Revenue and $.02 earnings per share. This fell short of revenue expectation by $-667,000 and exceeded earnings estimates by $.01.
In the last 3 years, SGRP stock traded as high as $3.86 and as low as $.70.
The top ETF exchange traded funds that SGRP belongs to (by Net Assets): VXF, VTI.
SGRP has underperformed the market in the last year with a return of -20.6%, while the SPY ETF gained +33.6%. In the last 3 month period, SGRP fell short of the market, returning -5.6%, while SPY returned +10.1%. However, in the most recent 2 weeks SGRP has outperformed the stock market by returning +3.7%, while SPY returned +1.7%.
SGRP support price is $.98 and resistance is $1.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SGRP stock will trade within this expected range on the day.