Analysts: Spok Holdings, Inc. (SPOK) Price Analysis: SPOK May Cross $16.19 Today

It has been reported that multiple insider activity took place at Spok Holdings, Inc. (SPOK). President & CEO KELLY VINCENT D sold 10,000 shares for $376,166 in transaction occurred on 2019/03/04. After making this transaction, President & CEO owns a direct stake of 14 shares, worth $5,965,993, as per the last closing price. On 2018/12/04 KELLY VINCENT D, President & CEO at SPOK, dumped 10,000 shares at an average price of $13.91 per share. The selling total is valued at $5,148,600.

President & CEO, KELLY VINCENT D had divested 10,000 shares for $334,628 through a trade on 2018/09/05. Following this activity, the insider holds 4 shares worth $5,307,200 as of recent close.

iShares Core S&P Smallcap ETF revealed as top hedge fund owner in Spok Holdings, Inc. (SPOK) with a stake of over 1.06M SPOK shares as of March 30, with a market value of approx. $14.5M as of today. The second largest holder, Vanguard Total Stock Market Index Fund, with 576352 shares which equates to $8.88M worth of the stock. At third is iShares Russell 2000 ETF, which stood pat with 403619 shares, a 1.82% position in Spok Holdings, Inc., worth $5.5M. The insider holding in stood at 1.4% while institutions hold 89%.

Spok Holdings, Inc. (NASDAQ:SPOK) rose 1.34% in recent trade and currently has a stock-market value of $301.82M. The shares finished at $15.86, after trading as low as $15.58 earlier in the session. It hit an intraday high Wednesday at $16.21. Trading activity significantly improved as the volume at ready counter increased to 162,696 shares versus 99,765 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 94,625 shares. The stock is now 29.89% above against its bear-market low of $12.21 on December 24, 2018. It has retreated -2.21% since it’s 52-week high of $16.21 reached in May. Now the market price is up 10.52% on the year and up 19.61% YTD.

SPOK stock’s 50 day simple moving average (SMA 50) price is $14.12 and its 200-day simple moving average (SMA 200) price is $14.4. The company’s stock currently has a total float of 18.79M shares. Its weekly volatility is hovering around 3.86% and felt 2.86% volatility in price over a month. On the upside, the share price will test short term resistance at around $16.19. On a downside, the stock is likely to find some support, which begins at $15.56. The failure to get near-term support could push it to $15.25.

Also, it is trading at rather expensive levels at just over 1.12x price/book and 1.78x price/sales. Compared to others, Spok Holdings, Inc. is in a different league with regards to profitability, having net margins of -0.9%. To put some perspective around this, the industry’s average net margin is -1%. SPOK’s ROE is -0.5%, which is also considerably worse than the industry’s ROE of -0.33%. It’s also very liquid in the near term, with a current ratio of 2.9. The stock has a debt/capital of 0.

Shares of SPOK have gained 9% since the company’s most recent earnings report.