Spherix Inc (NASDAQ:SPEX) shares traded -9.8% down during most recent session to reach at the closing price of $2.76. The stock exchanged hands 2.22 Million shares versus average trading capacity of 1.17 Million shares, yielding a market cap of $20.59 Million. Wall Street analysts covering the stock are projecting that the stock will reach $19 within the next 52-weeks. The mean target projections are based on 1 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Spherix Inc (NASDAQ:SPEX) high price target of $1 and with a conservative view have low price target of $1.
On the other hand the company has Relative Strength Index (RSI 14) of 64.21 along with Average True Range (ATR 14) of 0.5, Consequently Spherix Inc (NASDAQ:SPEX)’s weekly and monthly volatility is 43.69%, 17.37% respectively. The company’s beta value is at 0.68.
In terms of Buy, Sell or Hold recommendations, Spherix Inc (NASDAQ:SPEX) has analysts’ mean recommendation of 3. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
Currently Spherix Inc (NASDAQ:SPEX)’s shares owned by insiders are 0.1%, whereas shares owned by institutional owners are 3.8%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -7.2%.
Spherix Inc (NASDAQ:SPEX) 52-week high price stands at $4.75 and low price stands at $0.83, its price distance from 52-week high is -41.89% while its distance from 52-week low price is 232.49%. The stock hit its 52-week high on 06/29/17, and 52-week low on 11/02/16.
Spherix Inc (NASDAQ:SPEX)’s trailing twelve month revenues are $1.1 Million, whereas its price to sales ratio for the same period is 18.72. Its book value per share for the most recent quarter is $0.89 while its price to book ratio for the same period is 3.1, as for as the company’s cash per share for the most recent quarter is $0.71, however its price to cash per share ratio for the same period is 3.88. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.34.