Group 1 - Monteverde & Associates PC is investigating SPAR Group, Inc. regarding its proposed merger with Highwire Capital, where SGRP stock will convert to $2.50 cash per share [1] - Monteverde & Associates PC has been recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report, indicating its successful track record in recovering money for shareholders [1] - The firm operates from the Empire State Building in New York City and specializes in class action securities litigation [2][3] Group 2 - The firm encourages shareholders with concerns about SPAR Group, Inc. to contact them for additional information free of charge [3] - Monteverde & Associates PC emphasizes that no company, director, or officer is above the law, reinforcing their commitment to shareholder rights [3]

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying stocks that can fulfill their growth potential is challenging due to associated risks and volatility [1] Group 1: Company Overview - SPAR Group, Inc. (SGRP) is recommended as a cutting-edge growth stock based on its favorable Growth Score and top Zacks Rank [2] - The company has a historical EPS growth rate of 23.2%, with projected EPS growth of 119% this year, significantly surpassing the industry average of 10.4% [4] Group 2: Financial Metrics - SPAR Group's year-over-year cash flow growth is 18.8%, exceeding the industry average of 6.2% [5] - The company's annualized cash flow growth rate over the past 3-5 years is 18.4%, compared to the industry average of 7.7% [6] Group 3: Earnings Estimates - The current-year earnings estimates for SPAR Group have increased by 166.7% over the past month, indicating a positive trend in earnings estimate revisions [7] - SPAR Group has achieved a Growth Score of B and a Zacks Rank 2 due to positive earnings estimate revisions, suggesting it is a solid choice for growth investors [8]

Company Overview - SPAR Group, Inc. is part of the Business Services sector, which includes 317 individual stocks and currently holds a Zacks Sector Rank of 5 [2] - The Zacks Rank system highlights stocks with characteristics that are likely to outperform the market over the next one to three months, with SPAR Group, Inc. currently holding a Zacks Rank of 2 (Buy) [3] Earnings Performance - The Zacks Consensus Estimate for SPAR Group's full-year earnings has increased by 166.7% over the past quarter, indicating improved analyst sentiment and a stronger earnings outlook [4] - Year-to-date, SPAR Group, Inc. has seen a performance increase of approximately 136.6%, significantly outperforming the average gain of 11.4% in the Business Services sector [4] Industry Comparison - SPAR Group, Inc. belongs to the Business - Services industry, which consists of 24 individual stocks and currently ranks 86 in the Zacks Industry Rank; this industry has experienced a loss of about 2.8% year-to-date, indicating that SPAR Group is performing better than its peers [6] - In contrast, Hudson Global, another stock in the Business Services sector, belongs to the Outsourcing industry, which has gained 14.2% year-to-date and also holds a Zacks Rank of 2 (Buy) [6][5] Investment Outlook - Both SPAR Group, Inc. and Hudson Global are expected to continue their solid performance, making them noteworthy options for investors interested in Business Services stocks [7]

Core Viewpoint - The article emphasizes the importance of value investing and highlights SPAR Group (SGRP) as a strong value stock based on its financial metrics and Zacks ranking system [2][4][6] Group 1: Value Investing - Value investing is a popular strategy that utilizes fundamental analysis to identify undervalued companies [2] - Zacks has developed a Style Scores system to identify stocks with specific traits, particularly for value investors [3] Group 2: SPAR Group (SGRP) Metrics - SGRP has a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential as a value stock [4][6] - The Forward P/E ratio of SGRP is 13.19, significantly lower than the industry average of 19.81, suggesting it may be undervalued [4] - SGRP's P/B ratio is 1.90, which is also lower than the industry's average P/B of 3.35, further indicating potential undervaluation [5] - Over the past year, SGRP's Forward P/E has fluctuated between 7.86 and 32.50, with a median of 15.64 [4] - SGRP's P/B has ranged from 0.51 to 1.90, with a median of 0.61, showing variability in its valuation [5]

Market Performance - U.S. stocks traded lower, with the S&P 500 falling around 2% to 5,535.29, the Dow down 1.49% to 40,944.47, and the NASDAQ down 3.07% to 17,169.68 [1] - Consumer staples shares increased by 1%, while information technology shares decreased by 3.7% [1] Construction and Economic Indicators - U.S. construction spending declined by 0.3% month-over-month to an annual rate of $2,162 billion in July [2][8] - The Logistics Manager's Index fell to 56.4 in August compared to 56.5 in July [8] - The S&P Global manufacturing PMI was revised lower to 47.9 in August from a preliminary reading of 48 [8] - The ISM manufacturing PMI rose to 47.2 in August from 46.8, missing market estimates of 47.5 [8] - The RealClearMarkets/TIPP Economic Optimism Index rose by 1.6 points to a reading of 46.1 in September [8] Notable Company Movements - Sify Technologies Limited shares surged 112% to $0.7017 after achieving NVIDIA DGX-ready data center certification [2] - SPAR Group, Inc. shares increased 65% to $2.3950 following an acquisition agreement at $2.50 per share [2] - Conifer Holdings, Inc. shares rose 83% to $1.2089 after selling its insurance agency operations for $45 million [2] Declining Company Stocks - IO Biotech, Inc. shares dropped 31% to $1.0299 after no new safety signals were observed in a Phase 3 trial [3] - Dyne Therapeutics, Inc. shares fell 35% to $30.17 following new clinical data from a Phase 1/2 trial [3] - Recursion Pharmaceuticals, Inc. shares decreased 16% to $6.11 after announcing Phase 2 data for a treatment [3] Commodity Prices - Oil prices fell 4.5% to $70.21, gold decreased by 0.3% to $2,521.10, silver dropped 2.7% to $28.345, and copper fell 2.9% to $4.0910 [4]

MILWAUKEE, Sept. 3, 2024 /PRNewswire/ -- Ademi LLP is investigating SPAR (NASDAQ: SGRP) for possible breaches of fiduciary duty and other violations of law in its transaction with Highwire. Click here to learn how to join our investigation https://www.ademilaw.com/case/spar-group-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you. SPAR stockholders will receive only $2.50 per share in cash. William H. Bartels, a member of the SPAR Board and holder of approximately 20% of ...

Letter of Intent Previously Announced on June 5, 2024 $2.50 Per Share Merger Consideration Represents a 72% Premium to SPAR Group's Closing Share Price on August 30 AUBURN HILLS, Mich., Sept. 03, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ: SGRP) ("SPAR", "SPAR Group" or the "Company"), a provider of merchandising, marketing and distribution services, announced today it has entered into a definitive agreement to be acquired by Highwire Capital ("Highwire"), an investment firm focused on transforming b ...

AUBURN HILLS, Mich., Aug. 12, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ: SGRP) ("SPAR", "SPAR Group" or the "Company"), a leading provider of merchandising and marketing services, today announces that it will release its 2024 fiscal second quarter results on Wednesday, August 14, 2024, before the market opens. In conjunction with the release, a conference call will be hosted by Mike Matacunas, Chief Executive Officer; and Antonio Calisto Pato, Chief Financial Officer. Management does not plan to tak ...

In the latest market close, SPAR Group, Inc. (SGRP) reached $1.98, with a -0.5% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 2.3%. Meanwhile, the Dow experienced a rise of 1.76%, and the technology-dominated Nasdaq saw an increase of 2.87%. Coming into today, shares of the company had lost 7.23% in the past month. In that same time, the Business Services sector lost 4.85%, while the S&P 500 lost 6.5%. Market participants will be closely following the ...

SPAR Group, Inc. (SGRP) ended the recent trading session at $1.94, demonstrating a +1.57% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 1.37%. Elsewhere, the Dow saw a downswing of 1.21%, while the tech-heavy Nasdaq depreciated by 2.3%. Shares of the company have depreciated by 14.73% over the course of the past month, underperforming the Business Services sector's gain of 0.87% and the S&P 500's gain of 1.11%. The investment community wil ...