Sunworks Inc. (NASDAQ:SUNW) saw an upside of 5.66% to close Monday at $5.97 after adding $0.32 on the day. The 5-day average trading volume is 1,094,680 shares of the company’s common stock. It has gained $6.48 in the past week. An average of 1,541,290 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,189,924.
SUNW’s 1-month performance is -11.82% or -$0.80 on its low of $5.55 reached on 10/06/21. The company’s shares have touched a 52-week low of $2.55 and high of $29.37, with the stock’s rally to the 52-week high happening on 01/25/21. YTD, SUNW has achieved 16.60% or $0.85. However, the current price is down -79.67%% from the 52-week high price.
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On Dec 02, 314 days have gone by since the last insider trading activity for Sunworks Inc. (SUNW). CARGILE CHARLES F (Director) most recently sold 2,453 shares at $3.98 per share on Dec 02. This transaction cost the insider $9,763. Director, CARGILE CHARLES F, sold 82,173 shares at a price of $5.85 on Nov 27.
Sunworks Inc. (SUNW) has a trailing price-to-earnings (P/E) ratio of 31.10 for the broader industry and 36.91 for the sector.SUNW stock has a beta of 1.51. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.06 while the price-to-book (PB) in the most recent quarter is 2.08.
Sunworks Inc.’s quick ratio for the period ended June 29 was 1.60, with the current ratio over the same period at 1.80 meaning that SUNW stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.01, while the total debt to equity was 0.01. In terms of profitability, the gross margin trailing 12 months is 33.00%. The trailing 12-month EBITDA margin is -26.61% while for the period ending June 29; Sunworks Inc.’s operating margin was -26.00%. The firm’s gross profit as reported stood at $5.27 million against revenue of $37.91 million.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected SUNW to announce -$0.15 per share in earnings in its latest quarter, but it posted -$0.18, representing a -20.00% surprise. EBITDA for the quarter stood at more than -$2.6 million. SUNW stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 33.32 million, with total debt at $3.3 million. Shareholders hold equity totaling $27.05 million
Let’s look briefly at Sunworks Inc. (SUNW) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 45.95% to suggest the stock is trending Neutral, with historical volatility in this time period at 52.11%.
The stock’s 5-day moving average is $5.77, reflecting a +2.58% or $0.15 change from its current price. SUNW is currently trading -13.73% above its 20-day SMA, -31.46% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -30.90% and +21.34% respectively.
Stochastic %K and %D was 26.33% and 17.50% and the average true range (ATR) pointed at 0.41. The RSI (14) points at 42.06%, while the 14-day stochastic is at 45.17% with the period’s ATR at 0.42. The stock’s 9-day MACD Oscillator is pointing at -0.08 and -0.13 on the 14-day charts.
Analysts offering their rating for SUNW stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate SUNW as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is SUNW’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $8.00 and a high of $8.00, with their median price target at $8.00. Looking at these predictions, the average price target given by analysts is for Sunworks Inc. (SUNW) stock is $8.00.