Greenridge Global Weighs in on Staffing 360 Solutions, Inc.’s Q1 2024 Earnings (NASDAQ:STAF)

Staffing 360 Solutions, Inc. (NASDAQ:STAF) – Investment analysts at Greenridge Global boosted their Q1 2024 EPS estimates for shares of Staffing 360 Solutions in a research note issued on Wednesday, June 26th. Greenridge Global analyst W. Gregozeski now forecasts that the business services provider will earn ($3.28) per share for the quarter, up from their prior forecast of ($3.30). The consensus estimate for Staffing 360 Solutions’ current full-year earnings is ($2.40) per share. Greenridge Global also issued estimates for Staffing 360 Solutions’ Q2 2024 earnings at ($1.48) EPS, Q3 2024 earnings at $0.44 EPS and Q4 2024 earnings at $0.23 EPS.

Staffing 360 Solutions Stock Up 11.9 %

Staffing 360 Solutions stock opened at $2.35 on Monday. The business has a 50 day moving average price of $2.94 and a two-hundred day moving average price of $3.23. The stock has a market cap of $1.50 million, a price-to-earnings ratio of -0.03 and a beta of 0.55. Staffing 360 Solutions has a 12 month low of $1.91 and a 12 month high of $10.20.

Hedge Funds Weigh In On Staffing 360 Solutions

A hedge fund recently bought a new stake in Staffing 360 Solutions stock. Armistice Capital LLC bought a new position in Staffing 360 Solutions, Inc. (NASDAQ:STAF) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 358,830 shares of the business services provider’s stock, valued at approximately $244,000. Armistice Capital LLC owned about 6.41% of Staffing 360 Solutions at the end of the most recent quarter. Hedge funds and other institutional investors own 15.19% of the company’s stock.

About Staffing 360 Solutions

Staffing 360 Solutions, Inc, a staffing company, engages in the acquisition of staffing companies in the United States and the United Kingdom. It provides temporary contractors, and permanent placement services. The company focuses primarily on the staffing companies supporting accounting and finance, information technology, engineering, administration, and commercial disciplines.