Spruce Power Gross Profit vs. Number Of Shares Shorted
| SPRU Stock | 2.51 0.04 1.57% |
Gross Profit | First Reported 2010-12-31 | Previous Quarter 42 M | Current Value 44.1 M | Quarterly Volatility 15.4 M |
For Spruce Power profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Spruce Power to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Spruce Power Holding utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Spruce Power's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Spruce Power Holding over time as well as its relative position and ranking within its peers.
Spruce |
Spruce Power's Revenue Breakdown by Earning Segment
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Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Spruce Power. If investors know Spruce will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Spruce Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.28) | Revenue Per Share 4.251 | Quarterly Revenue Growth (0.01) | Return On Assets (0.01) | Return On Equity (0.26) |
The market value of Spruce Power Holding is measured differently than its book value, which is the value of Spruce that is recorded on the company's balance sheet. Investors also form their own opinion of Spruce Power's value that differs from its market value or its book value, called intrinsic value, which is Spruce Power's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Spruce Power's market value can be influenced by many factors that don't directly affect Spruce Power's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Spruce Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Spruce Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spruce Power's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Spruce Power Holding Number Of Shares Shorted vs. Gross Profit Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Spruce Power's current stock value. Our valuation model uses many indicators to compare Spruce Power value to that of its competitors to determine the firm's financial worth. Spruce Power Holding is rated below average in gross profit category among its peers. It is rated below average in number of shares shorted category among its peers making about 0.02 of Number Of Shares Shorted per Gross Profit. The ratio of Gross Profit to Number Of Shares Shorted for Spruce Power Holding is roughly 41.63 . At this time, Spruce Power's Gross Profit is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Spruce Power by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Spruce Number Of Shares Shorted vs. Gross Profit
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Spruce Power |
| = | 13.24 M |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
Spruce Power |
| = | 318.16 K |
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
Spruce Number Of Shares Shorted Comparison
Spruce Power is currently under evaluation in number of shares shorted category among its peers.
Spruce Power Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Spruce Power, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Spruce Power will eventually generate negative long term returns. The profitability progress is the general direction of Spruce Power's change in net profit over the period of time. It can combine multiple indicators of Spruce Power, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Net Loss | -84.5 M | -80.3 M | |
| Net Interest Income | -24.9 M | -23.6 M | |
| Operating Income | -36.8 M | -38.7 M | |
| Net Loss | -59.9 M | -56.9 M | |
| Income Before Tax | -62.5 M | -59.4 M | |
| Total Other Income Expense Net | -25.7 M | -24.4 M | |
| Net Loss | -62.5 M | -59.4 M | |
| Income Tax Expense | 3.3 M | 3.5 M | |
| Interest Income | 19.5 M | 11.5 M | |
| Change To Netincome | -71.8 M | -68.2 M | |
| Net Loss | (3.58) | (3.76) | |
| Income Quality | 0.55 | 0.48 | |
| Net Income Per E B T | 1.05 | 1.19 |
Spruce Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Spruce Power. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Spruce Power position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Spruce Power's important profitability drivers and their relationship over time.
Use Spruce Power in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Spruce Power position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Spruce Power will appreciate offsetting losses from the drop in the long position's value.Spruce Power Pair Trading
Spruce Power Holding Pair Trading Analysis
The ability to find closely correlated positions to Spruce Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spruce Power when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Spruce Power - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Spruce Power Holding to buy it.
The correlation of Spruce Power is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Spruce Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spruce Power Holding moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Spruce Power can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Spruce Power position
In addition to having Spruce Power in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Government Funds Thematic Idea Now
Government Funds
Funds or Etfs that invest in fixed income securities issued by national government to finance government spending or to facilitate Federal Reserve monetary policies. The Government Funds theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Government Funds Theme or any other thematic opportunities.
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Additional Tools for Spruce Stock Analysis
When running Spruce Power's price analysis, check to measure Spruce Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Spruce Power is operating at the current time. Most of Spruce Power's value examination focuses on studying past and present price action to predict the probability of Spruce Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spruce Power's price. Additionally, you may evaluate how the addition of Spruce Power to your portfolios can decrease your overall portfolio volatility.