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

Turbo Energy, S.A. (NASDAQ:TURBGet Free Report) Chairman Enrique Selva Bellvis acquired 9,500 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were bought at an average price 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Turbo Energy Price Performance

Shares of NASDAQ:TURB opened at $1.53 on Thursday. Turbo Energy, S.A. has a one year low of $0.57 and a one year high of $20.45. The firm has a 50 day simple moving average of $1.46 and a 200 day simple moving average of $1.56.

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

Hedge Funds Weigh In On Turbo Energy

An institutional investor recently bought a new stake in Turbo Energy stock. XTX Topco Ltd acquired a new position in Turbo Energy, S.A. (NASDAQ:TURBFree Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 28,301 shares of the company’s stock, valued at approximately $26,000.

Analysts Set New Price Targets

Several analysts have recently weighed in on TURB shares. Wall Street Zen upgraded Turbo Energy to a “hold” rating in a report on Saturday, April 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Turbo Energy in a report on Thursday, July 2nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on TURB

Turbo Energy Company Profile

(Get Free Report)

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.

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