SP Stock Summary and Trading Ideas (SP Plus | NASDAQ:SP)

SP Plus Corp Provides parking management, ground transportation, and other ancillary services to commercial, institutional, and municipal clients in urban markets and airports across the United States, Canada, and Puerto Rico. Its services include a comprehensive set of on-site parking management and ground transportation services, In addition, the company also provides a range of ancillary services such as airport and municipal shuttle operations, valet services, taxi and livery dispatch services, and municipal meter revenue collection and enforcement services. Its reportable segments are Commercial and Aviation. The company generates a majority of its revenue from the Commercial segment.

SP Plus trades on the NASDAQ stock market under the symbol SP.

As of April 25, 2024, SP stock price declined to $50.90 with 15,665 million shares trading.

SP has a beta of 0.39, meaning it tends to be less sensitive to market movements. SP has a correlation of 0.01 to the broad based SPY ETF.

SP has a market cap of $1.01 billion. This is considered a Small Cap stock.

Last quarter SP Plus reported $217 million in Revenue and $.60 earnings per share. This fell short of revenue expectation by $-11 million and missed earnings estimates by -$.25.

In the last 3 years, SP stock traded as high as $52.56 and as low as $25.29.

The top ETF exchange traded funds that SP belongs to (by Net Assets): VTI, IWM, VXF, IWO, SCHA.

SP has outperformed the market in the last year with a price return of +49.0% while the SPY ETF gained +22.6%. However, in the short term, SP had mixed performance relative to the market. It has underperformed in the last 3 months, returning -1.1% vs +3.1% return in SPY. But in the last 2 weeks, SP shares have fared better than the market returning -2.2% compared to SPY -2.9%.

SP support price is $50.58 and resistance is $51.62 (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 SP stock will trade within this expected range on the day.