SPI Stock Summary and Trading Ideas (Spi Energy Co. Ltd. - | NASDAQ:SPI)

SPI Energy Co Ltd offers photovoltaic solutions for business, residential, government, and utility customers and investors. The company provides a range of engineering, procurement, and construction services to third-party project developers. It is also engaged in the development, manufacture, and marketing of various PV modules. It procures PV modules and other equipment for project construction from independent suppliers and contract work to third-party EPC contractors in areas such as logistics, installation, construction, and supervision. The company's geographical segments are the United Kingdom, Australia, United States, Greece, Japan, and Italy, of which the majority of its revenue comes from Australia.

Spi Energy Co. Ltd. - trades on the NASDAQ stock market under the symbol SPI.

As of April 19, 2024, SPI stock price declined to $0.48 with 86,514 million shares trading.

SPI has a beta of 1.78, meaning it tends to be more sensitive to market movements. SPI has a correlation of 0.12 to the broad based SPY ETF.

SPI has a market cap of $15.28 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, SPI stock traded as high as $8.59 and as low as $.48.

The top ETF exchange traded funds that SPI belongs to (by Net Assets): IWC, CCSO.

SPI has underperformed the market in the last year with a price return of -61.3% while the SPY ETF gained +21.2%. SPI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -26.9% and -13.2%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

SPI support price is $.47 and resistance is $.52 (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 SPI stock will trade within this expected range on the day.