Turbo Energy (NASDAQ:TURB) Chairman Enrique Selva Bellvis Acquires 9,500 Shares

by · The Markets Daily

Turbo Energy, S.A. (NASDAQ:TURB – Get Free Report) Chairman Enrique Selva Bellvis purchased 9,500 shares of Turbo Energy stock in a transaction on Friday, May 29th. The stock was acquired at an average cost of $1.09 per share, for a total transaction of $10,355.00. Following the acquisition, the chairman directly owned 41,629,525 shares of the company’s stock, valued at approximately $45,376,182.25. This represents a 0.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Turbo Energy Stock Up 3.4%

Shares of TURB stock traded up $0.05 during trading hours on Tuesday, hitting $1.53. The company’s stock had a trading volume of 18,537 shares, compared to its average volume of 3,217,828. The business has a fifty day moving average of $1.48 and a 200-day moving average of $1.55. Turbo Energy, S.A. has a twelve month low of $0.57 and a twelve month high of $20.45.

Turbo Energy (NASDAQ:TURB – Get Free Report) last posted its 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 during the quarter.

Analysts Set New Price Targets

Several brokerages recently weighed in on TURB. Wall Street Zen raised shares of Turbo Energy to a “hold” rating in a research note on Saturday, April 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Turbo Energy in a research note on Thursday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Turbo Energy currently has an average rating of “Sell”.

Check Out Our Latest Stock Report on Turbo Energy

Hedge Funds Weigh In On Turbo Energy

An institutional investor recently bought a new position in Turbo Energy stock. XTX Topco Ltd purchased a new position in Turbo Energy, S.A. (NASDAQ:TURB – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 28,301 shares of the company’s stock, valued at approximately $26,000.

About Turbo Energy

(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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