SpringBig (NASDAQ:SBIG – Get Rating) will be issuing its quarterly earnings data after the market closes on Thursday, March 9th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter.
SpringBig Stock Down 6.9 %
Shares of NASDAQ:SBIG opened at $0.79 on Thursday. SpringBig has a 12 month low of $0.41 and a 12 month high of $5.44. The company has a debt-to-equity ratio of 51.02, a quick ratio of 1.57 and a current ratio of 1.57. The company’s fifty day simple moving average is $0.73 and its 200 day simple moving average is $0.96.
Institutional Investors Weigh In On SpringBig
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in SpringBig in the 2nd quarter valued at $55,000. Neuberger Berman Group LLC acquired a new stake in SpringBig in the 3rd quarter valued at $116,000. Finally, Millennium Management LLC acquired a new stake in SpringBig in the 2nd quarter valued at $467,000. 11.54% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
SpringBig Holdings, Inc operates a software platform that provides customer loyalty and marketing automation solutions to cannabis retailers and brands in the United States and Canada. The company's platform connects consumers with retailers and brands through SMS marketing, emails, customer feedback system, and loyalty programs to support retailers and brands customer engagement and retention.
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