Sunworks Inc. (NASDAQ:SUNW) currently has a daily average trading volume of 783.38K but it saw 830551 shares traded on Thursday. With a market cap of 34.27M USD, stock’s current market price of $1.08 came falling about -8.09 while comparing to the previous closing price of $1.17. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.72 and as low as $0.73. In the recent trading on the day, stock has struck highest price mark of $1.17 while lowest mark touched by it was $1.06.
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Taking a look at 20-day trading activity of Sunworks Inc. (SUNW) gives us an average price of $0.9309, while its current price level is -77.12% below from 52-week high level whereas it is 48.97% 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 $1.1244 while that of 200 days or SMA-200 reads an average of $2.1245. A closer look into the stock’s movement over the week reveals that its volatility is standing at 15.65% during that period while stretching the period over a month that decreases to 11.72%. 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 52.98 which implies that the stock is in neutral territory.
Sunworks Inc. (SUNW)’s stock is currently under the radar of 3 analysts who are in consensus at a 12-month price target range of between $1.70 and $4.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $1.70 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $4.00. Average price target assigned by them is $3.23 which highlights an upside potential of 66.56% for the stock over that period. And to attain the median price target of $4.00 assigned by those analysts, stock has to add about 73.0% of value to its current levels.
Data by FactSet Research shows that 3 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 2 analysts suggested the investors to Buy the stock while 1 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, SUNW’s stock price is moving 10.10% up while it is 38.44% when we observe its performance for the past one month. Year-to-date it is -31.65% down and over the past year, the stock is showing a downside performance of -37.93%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.18 beat the consensus estimate of -$0.26 for the same. The company is expected to be releasing its next quarterly report in 08/09/2023, for which analysts forecasted an EPS of -$0.25 while estimate for next year EPS is -$0.7. For SUNW, analysts are forecasting an EPS-growth rate of 18.60% for current year and estimate for EPS growth in next year is 64.30%. In next quarter, company is expected to be making quarterly sales of $50 million as analysts are expecting the sales for current fiscal year at $187.2 million and seeing the company making $230 million in sales next year. Moreover, analysts are in estimates of $42.17 million for current-quarter revenue.
Currently, Sunworks Inc.’s total number of outstanding shares is 35.24M with 2.07% of that held by the insiders while 15.25% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -42.90% and return on equity (ROE) at -40.80%. Stock’s beta reads 1.84. Stock has a price to book (P/B) ratio of 0.60 while price to sale or P/S ratio amounts to 0.21. Its return on asset (ROA) is -24.80% 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 0.22 million.
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