Shaolin Capital Management LLC recently announced the acquisition of new stake in Spectaire Holdings Inc (NASDAQ:SPEC). This fresh investment now brings its stake to 9.61% valued currently at $0.33 million. In addition, W.R. Berkley Corp. raised its holdings by 0.11 million to 0.16 million shares.
With over 37.86 million Spectaire Holdings Inc (SPEC) shares trading Monday and a closing price of $2.33 on the day, the dollar volume was approximately $88.22 million. The shares have shown a negative half year performance of -78.33% and its price on 01/08/24 gained nearly 38.69%. Currently, there are 2.46M common shares owned by the public and among those 0.26M shares have been available to trade.
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Insiders at the company have transacted a total of 6 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 2 of these insider trades were purchases, accounting for 1,822,062 shares. Insider sales of the common stock occurred on 4 occasions, with total insider shares sold totaling 732,645 shares.
The top 3 mutual fund holders in Spectaire Holdings Inc are Merger Fund, Virtus Westchester Event Driven F, and JNL Multi Manager Alternative Fun. Merger Fund owns 92004.0 shares of the company’s stock, all valued at over $0.15 million. JNL Multi Manager Alternative Fun sold 14281.0 shares to bring its total holdings to over 18039.0 shares at a value of $29764.0. JNL Multi Manager Alternative Fun now owns shares totaling to 0.87% of the shares outstanding.
Shares of Spectaire Holdings Inc (NASDAQ: SPEC) opened at $2.61, up $0.93 from a prior closing price of $1.68. However, the script later moved the day high at 3.2300, up 38.69%. The company’s stock has a 5-day price change of 41.21% and -79.07% over the past three months. SPEC shares are trading 41.21% year to date (YTD), with the 12-month market performance down to -76.65% lower. It has a 12-month low price of $1.29 and touched a high of $15.40 over the same period. SPEC has an average intraday trading volume of 178.50K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 39.15%, 20.88%, and -71.58% respectively.
Institutional ownership of Spectaire Holdings Inc (NASDAQ: SPEC) shares accounts for 23.45% of the company’s 2.46M shares outstanding. Mutual fund holders own 78.70%, while other institutional holders and individual stakeholders account for 87.56% and 10.43% respectively.
It has a market capitalization of $18.24M and a beta (3y monthly) value of -0.29. The earnings-per-share (ttm) stands at -$1.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 18.11% over the week and 13.61% over the month.
Analysts forecast that Spectaire Holdings Inc (SPEC) will achieve an EPS of -$0.1 for the current quarter, -$0.05 for the next quarter and -$0.18 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.1 while analysts give the company a high EPS estimate of -$0.1.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Spectaire Holdings Inc (SPEC) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
