Sunworks Inc. (NASDAQ:SUNW) currently has a daily average trading volume of 552.70K but it saw 882833 shares traded on Thursday. With a market cap of 57.86M USD, stock’s current market price of $1.54 came falling about -1.28 while comparing to the previous closing price of $1.56. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.72 and as low as $1.23. In the recent trading on the day, stock has struck highest price mark of $1.58 while lowest mark touched by it was $1.50.
Top 5 EV Tech Stocks to Buy for 2023
According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.
Click Here to Download the FREE Report.
Sponsored
Taking a look at 20-day trading activity of Sunworks Inc. (SUNW) gives us an average price of $1.8230, while its current price level is -67.37% below from 52-week high level whereas it is 25.20% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.9850 while that of 200 days or SMA-200 reads an average of $2.3194. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.12% during that period while stretching the period over a month that decreases to 5.79%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 29.59 which implies that the stock is in oversold territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Colliers Securities which initiated the stock as “Buy” in its note to investors issued on March 01, 2022, recommending a price target of $5.50 for it.
Over the week, SUNW’s stock price is moving -18.52% down while it is -20.21% when we observe its performance for the past one month. Year-to-date it is -2.53% down and over the past year, the stock is showing a downside performance of -49.34%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of -$0.16 beaten by the consensus estimate of -$0.14 for the same. The company is expected to be releasing its next quarterly report in 05/16/2023, for which analysts forecasted an EPS of -$0.12 while estimate for next year EPS is -$0.78. For SUNW, analysts are forecasting an EPS-growth rate of 12.40% for current year and estimate for EPS growth in next year is 59.00%. In next quarter, company is expected to be making quarterly sales of $38.67 million as analysts are expecting the sales for current fiscal year at $148.67 million and seeing the company making $177.87 million in sales next year. Moreover, analysts are in estimates of $40.37 million for current-quarter revenue.
Currently, Sunworks Inc.’s total number of outstanding shares is 35.19M with 2.09% of that held by the insiders while 16.06% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -35.80% and return on equity (ROE) at -50.10%. It has a 9.62 of forward P/E ratio. Stock’s beta reads 1.95. Stock has a price to book (P/B) ratio of 0.73 while price to sale or P/S ratio amounts to 0.41. Its return on asset (ROA) is -32.70% on average.
In the most recent quarter, Bridgeway Ultra Small Company Fun came rising its stake by 1,276.87% in the company and now holds 0.28 million or 0.78% of the company’s stake having worth of about 0.52 million.
