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

Turbo Energy, S.A. (NASDAQ:TURB) Chairman Enrique Selva Bellvis purchased 9,500 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average price of $1.09 per share, for a total transaction of $10,355.00. Following the completion of the transaction, the chairman directly owned 41,629,525 shares of the company’s stock, valued at $45,376,182.25. The trade was a 0.02% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Turbo Energy Stock Performance

NASDAQ:TURB traded down $0.03 on Monday, hitting $1.48. The stock had a trading volume of 42,528 shares, compared to its average volume of 3,243,205. The company has a fifty day moving average price of $1.48 and a two-hundred day moving average price of $1.55. Turbo Energy, S.A. has a 1-year low of $0.57 and a 1-year high of $20.45.

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

Analysts Set New Price Targets

TURB has been the subject of several recent research reports. Weiss Ratings reissued 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 investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Turbo Energy

A hedge fund recently bought a new position in Turbo Energy stock. XTX Topco Ltd bought a new position in shares of Turbo Energy, S.A. (NASDAQ:TURB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 28,301 shares of the company’s stock, valued at approximately $26,000.

About Turbo Energy

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.