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

Turbo Energy, S.A. (NASDAQ:TURB) Chairman Enrique Selva Bellvis purchased 9,500 shares of Turbo Energy stock in a transaction on Friday, May 29th. The shares were acquired at an average cost of $1.09 per share, for a total transaction of $10,355.00. Following the purchase, the chairman owned 41,629,525 shares in the company, valued at approximately $45,376,182.25. This trade represents a 0.02% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Turbo Energy Trading Up 8.1%

Shares of TURB stock opened at $1.60 on Wednesday. Turbo Energy, S.A. has a 1-year low of $0.57 and a 1-year high of $20.45. The firm’s 50-day simple moving average is $1.47 and its 200-day simple moving average is $1.56.

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

Institutional Trading of Turbo Energy

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

Analyst Upgrades and Downgrades

TURB has been the topic of a number of research analyst reports. Wall Street Zen raised Turbo Energy to a “hold” rating in a report on Saturday, April 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Turbo Energy in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently 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.