Watching Sunworks Inc. (SUNW) For Insider Activity

Sunworks Inc. (NASDAQ:SUNW) finished Wednesday with an addition of $0.02 to close at $6.67, an upside of 0.30 percent. An average of 1,770,940 shares of common stock have been traded in the last five days. There was a gain of $0.99 in the past week. The last 20 days have seen an average of 1,707,145 shares traded, while the 50-day average volume stands at 1,268,766.

SUNW stock has decreased by -0.89% in the last month. The company shares reached their 1-month lowest point of $5.55 on 10/06/21. With the stock rallying to its 52-week high on 01/25/21, shares of the company touched a low of $2.55 and a high of $29.37 in 52 weeks. In spite of this, the price is down -77.29% from the 52-week high.


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Insider Transactions

316 days have passed since Sunworks Inc. (SUNW) last reported insider trading activity. CARGILE CHARLES F, who is Director, most recently acquired $2,453 shares at $3.98 per share on Dec 02. In this transaction, the insider spent $9,763. Director, CARGILE CHARLES F, disposed of 82,173 shares at a price of $5.85 on Nov 27. The insider now owns more than $480,712 worth of shares.

Valuation Metrics

Sunworks Inc. (SUNW) has a trailing price-to-earnings (P/E) ratio of 31.10 for the broader industry and 37.24 for the sector. The stock’s beta is 1.51. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.42, the price-to-book (PB) ratio at 2.32.

The quick ratio of Sunworks Inc. for the three months ended June 29 was 1.60, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.01 and a total debt to equity ratio of 0.01 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 33.00% against a 5-year average of 17.1%. Sunworks Inc.’s EBITDA margin for the year ending June 29 is -26.61%, while its operating margin for the same period stands at -26.00%. Its gross profit as reported stood at $5.27 million compared to revenue of $37.91 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Sunworks Inc.’s return on assets was -20.40%, compared to -26.0% over the last five years. In the past year, the return on investment has been -41.20%, and the 5-year average is -44.6%. Meanwhile, the return on equity (ROE) for the past 12 months has been -29.60% and the 5-year average holds at -63.3%. For the broader industry, ROE averaged -0.25 over the past year.

Earnings Surprise

The analyst consensus anticipated Sunworks Inc.’s latest quarter earnings to come in at -$0.15 per share, but it turned out to be -$0.18, a -20.00% surprise. For the quarter, EBITDA amounted to -$2.6 million. Shareholders own equity worth $27.05 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Sunworks Inc. (SUNW) price momentum. RSI 9-day as of the close on 13 October was 62.85%, suggesting the stock is Neutral, with historical volatility in this time frame at 73.39%.

As of today, SUNW’s price is $6.15 +17.43% or $0.99 from its 5-day moving average. SUNW is currently trading -2.63% lower than its 20-day SMA and -24.29% lower than its 100-day SMA. However, the stock’s current price level is -20.88% below the SMA50 and +23.75% above the SMA200.

The stochastic %K and %D were 70.84% and 48.87%, respectively, and the average true range (ATR) was 0.47. With the 14-day stochastic at 75.68% and the average true range at 0.46, the RSI (14) stands at 54.36%. The stock has reached 0.41 on the 9-day MACD Oscillator while the 14-day reading was at 0.42.

Analyst Ratings

The consensus rating for Sunworks Inc. (SUNW) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SUNW, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is SUNW’s price target for the next 12 months?

Analysts predict a range of price targets between $8.00 and $8.00, with a median target of $8.00. Taking a look at these predictions, the average price target given by analysts for Sunworks Inc. (SUNW) stock is $8.00.

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