Turbo Energy (NASDAQ:TURB) Trading Down 11.9% – What’s Next?

Turbo Energy, S.A. (NASDAQ:TURB) fell 11.9% on Thursday . The stock traded as low as $0.8798 and last traded at $0.96. 122,286 shares traded hands during trading, an increase of 115% from the average session volume of 56,967 shares. The stock had previously closed at $1.09.

Analyst Upgrades and Downgrades

TURB has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Turbo Energy in a research report on Thursday, October 30th. Wall Street Zen raised shares of Turbo Energy to a “hold” rating in a report on Saturday, November 15th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Turbo Energy Price Performance

The company has a 50-day moving average price of $1.10 and a 200 day moving average price of $2.58.

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.