More To Go Or Is It Over? – Spectaire Holdings Inc (SPEC)

Spectaire Holdings Inc (NASDAQ:SPEC) does about 2.54M shares in volume on a normal day but saw 1604204 shares change hands in the recent trading day. The company now has a market cap of 2.90M USD. Its current market price is $0.16, marking a decrease of -45.72% compared to the previous close of $0.29. The 52 week high reached by this stock is $15.40 whilst the lowest price level in 52 weeks is $0.25.

Spectaire Holdings Inc (SPEC) has a 20-day trading average at $0.4282 and the current price is -98.99% off the 52-week high compared with -37.56% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.4389 and its 200-day simple moving average is $1.2388. If we look at the stock’s price movements over the week, volatility stands at 27.48%, which decreases to 16.49% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 21.44 to suggest the stock is oversold.

The consensus objective for the share price is $1.80, suggesting that the stock has a potential upside of 91.11% over the period.

Spectaire Holdings Inc (SPEC) stock is down -55.87% over the week and -74.95% over the past month. Its price is -90.54% year-to-date and -98.52% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

To reach the target analysts have set, the stock logically needs to grow 91.11 percent from here.

The company has a return on equity of -7.44%. The price to earnings ratio (P/E ratio) amounts to 0.67. The beta has a value of -0.40.