Insider Buying: Turbo Energy (NASDAQ:TURB) Chairman Buys $10,355.00 in Stock

Turbo Energy, S.A. (NASDAQ:TURB) Chairman Enrique Selva Bellvis bought 9,500 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were purchased at an average cost of $1.09 per share, with a total value of $10,355.00. Following the completion of the transaction, the chairman owned 41,629,525 shares in the company, valued at $45,376,182.25. This represents a 0.02% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Turbo Energy Stock Performance

Shares of Turbo Energy stock traded down $0.03 during trading on Monday, hitting $1.48. 42,528 shares of the stock traded hands, compared to its average volume of 3,243,205. The stock’s fifty day simple moving average is $1.48 and its 200 day simple moving average is $1.55. Turbo Energy, S.A. has a 52-week low of $0.57 and a 52-week high of $20.45.

Turbo Energy (NASDAQ:TURB) last announced its quarterly earnings results on Saturday, May 16th. The company reported $0.03 earnings per share for the quarter. The business had revenue of $8.48 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Turbo Energy stock. SmartHarvest Portfolios LLC lifted its position in Turbo Energy, S.A. (NASDAQ:TURB) by 411.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,105 shares of the company’s stock after purchasing an additional 89,364 shares during the period. SmartHarvest Portfolios LLC’s holdings in Turbo Energy were worth $297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Analyst Ratings Changes

TURB has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Turbo Energy in a research report on Thursday. Wall Street Zen upgraded Turbo Energy to a “hold” rating in a research note on Saturday, April 18th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Turbo Energy presently has a consensus rating of “Sell”.

Turbo Energy Company Profile

Turbo Energy, SA designs, develops, and distributes equipment for the generation, management, and storage of photovoltaic energy in Spain, rest of Europe, and internationally. The company offers lithium-ion batteries; inverters; photovoltaic modules; Go Solar, a portable photovoltaic product; and Sunbox, an AI based software system that monitors the generation, use, and management of photovoltaic energy. It is also involved in the acquisition, distribution, and sale of electrical and electronic materials for the development of renewable energy projects, such as solar panels, inverters, chargers, regulators, batteries, and structures.