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Thursday, September 24, 2020

SPAR Group Inc. (NASDAQ:SGRP) Finding Strong Support

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The SPAR Group Inc. (SGRP) shares are trading at higher $1.15.

To add more color to this target, the company’s high over the last year is $1.38 and the low is $0.55. Over the last 52 weeks, SGRP is down -16.67% while the S&P 500 is down -0.63%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, SGRP reported a profit of $11.79 million. SPAR Group Inc. also saw revenues increase to $61.35 million. In addition, SGRP has free cash flow of $1.11 million as of 03-2020. The company’s EBITDA came in at $2.74 million which compares well with its peers.

SGRP booked profit margins of 0.80%, its Return on Equity (ROE) is 11.30%, and its Return on Assets is 2.60%. All told, it is clear that, SGRP needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. SGRP has a short ratio of 0.30 and outstanding shares of 21.11M.

Company Outlook

SGRP has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 34220.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.10. SPAR Group Inc. SGRP also noted assets of $76.17 million at the end of the last quarter. Investors should also keep an eye on sector updates as SGRP has historically followed its peers on positive news.

All told, SPAR Group Inc. SGRP has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SGRP represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

SPAR Group Inc. SGRP is now commanding a market cap of 24.64M and a float of 7.99M. SGRP is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of SGRP stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in SGRP, either long or short, and we have not been compensated for this article.

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