Just the Facts on Spherix Incorporated (SPEX)

Spherix Incorporated (SPEX) is an interesting player in the Services space, with a focus on Business Services. The stock has been active on the tape, currently trading at $2.01, up from yesterday’s close by 54.62%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Spherix Incorporated (SPEX) currently trades with a market capitalization of $12.72 Million. That value represents a market adjusting for revenues that have been growing by 0.00 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$3.38 Thousand over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of $0 on a per share basis this quarter. Perhaps, that suggests something about why 22.09% of the outstanding share supply is held by institutional investors.

Technical Analysis

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, Spherix Incorporated recorded a 52-week high of $4.75. It is now trading 2.74% off that level. The stock is trading $1.37 its 50-day moving average by -0.64%. The stock carved out a 52-week low down at $0.89.

In recent action, Spherix Incorporated (SPEX) has made a move of +57.03% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 16.68, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 7.95% with $6.14 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of SPEX.

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