Support.com (SPRT) Stock Soars 68%: Is Support.com A Weak Firm?

The stock price suddenly improved on Tuesday. From Wednesday through Friday of last week, the price ranged between $ 8.24 and $ 8.72. On Friday, it rose to $ 9.9, but after a while dropped to $ 8.7. On August 23, the price was $ 9.1. The next day, the worth immediately surged to 14.19, increasing by 56%. However, the current price is $13.83.
It will be difficult for investors to do justifying the purchase of shares of the logic Support.com (SPRT). From a fundamental point of view, there is little interesting in this firm. Nevertheless, the company continues to grow, making it a focus of Reddit users and other retail investors focused on social networks. In most cases, it’s wise to simply disconnect the attachment from the hype that surrounds it. This means that, at a minimum, investors should take a quick look at the important figures, the underlying business. In the case of Support.com’s profit and loss statement for the first quarter, which was published on May 13 it indicates that this is a weak company.

Robert McDowney

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