Sunworks Inc. (NASDAQ:SUNW) finished Friday with a subtraction of -$0.04 to close at $1.58, a downside of -2.47 percent. An average of 646,500 shares of common stock have been traded in the last five days. There was a fall of -$0.2400 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 547,820 shares traded, while the 50-day average volume stands at 694,362.
SUNW stock has decreased by -34.98% in the last month. The company shares reached their 1-month lowest point of $1.5100 on 12/28/22. With the stock rallying to its 52-week high on 03/08/22, shares of the company touched a low of $1.23 and a high of $5.11 in 52 weeks. It has reached a new high 3 times so far this year and lost -48.53% or -$1.4900 in price. In spite of this, the price is down -69.08% from the 52-week high.
Sunworks Inc. (SUNW) stock’s beta is 1.79. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.41, the price-to-book (PB) ratio at 0.75.
The quick ratio of Sunworks Inc. for the three months ended September 29 was 1.10, and the current ratio was 1.60, 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 0.02 for the quarter ending September 29. Its gross profit as reported stood at $44.65 million compared to revenue of $101.15 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 -31.80%.
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$5.39 million in the quarter, while revenues of -$7.59 million were shrunk -19.85%. The analyst consensus anticipated Sunworks Inc.’s latest quarter earnings to come in at -$0.14 per share, but it turned out to be -$0.16, a -14.30% surprise. For the quarter, EBITDA amounted to -$3.9 million. Shareholders own equity worth $35.19 million.
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 30 December was 26.73%, suggesting the stock is oversold, with historical volatility in this time frame at 63.31%.
As of today, SUNW’s price is $1.6320 -13.19% or -$0.2400 from its 5-day moving average. SUNW is currently trading -32.19% lower than its 20-day SMA and -48.70% lower than its 100-day SMA. However, the stock’s current price level is -27.52% below the SMA50 and -46.08% below the SMA200.
The stochastic %K and %D were 8.52% and 6.98%, respectively, and the average true range (ATR) was 0.1422. With the 14-day stochastic at 7.78% and the average true range at 0.1530, the RSI (14) stands at 31.32%. The stock has reached -0.1589 on the 9-day MACD Oscillator while the 14-day reading was at -0.3276.
Colliers Securities launched coverage on Sunworks Inc. (NASDAQ: SUNW) in its analyst report released on March 01, 2022. The firm assigned the stock a Buy rating. The consensus rating for Sunworks Inc. (SUNW) among analysts is Overweight. 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 2 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 $2.00 and $6.00, with a median target of $5.00. Taking a look at these predictions, the average price target given by analysts for Sunworks Inc. (SUNW) stock is $4.33.