As of Thursday close, Sunworks Inc.’s (NASDAQ:SUNW) stock was down -$0.04, moving down -7.52 percent to $0.55. The average number of shares traded per day over the past five days has been 1,214,340 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.1550 fall in that time frame. In the last twenty days, the average volume was 1,069,620, while in the previous 50 days, it was 1,843,576.
Since last month, SUNW stock retreated -38.54%. Shares of the company fell to $0.5350 on 09/21/23, the lowest level in the past month. A 52-week high of $3.70 was reached on 02/02/23 after having rallying from a 52-week low of $0.59. Since the beginning of this year, SUNW’s stock price has dropped by -65.19% or -$1.0300, and marked a new high 13 times. However, the stock has declined by -85.14% since its 52-week high.
Valuation Metrics
The stock’s beta is 1.99. Besides these, the trailing price-to-sales (P/S) ratio of 0.15, the price-to-book (PB) ratio of 0.40.
Financial Health
In the three months ended June 29, Sunworks Inc.’s quick ratio stood at 0.90, while its current ratio was 1.30, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.06, and the total debt-to-equity ratio was 0.08. On the profitability front, the trailing twelve-month gross margin is 38.90% percent. In the year ended June 29, EBITDA margin amounted to -13.76%, whereas operating margins totaled -20.30%. Based on annual data, SUNW earned $71.31 million in gross profit and brought in $161.94 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -42.90%. Return on equity (ROE) for the past 12 months was -51.50%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SUNW’s revenue fell -5.69% to $37.9 million during the quarter, while net income inched up to $34.44 million. While analysts expected Sunworks Inc. to report -$0.16 quarterly earnings, the actual figure was -$0.34 per share, beating the consensus estimate by -112.50%. During the quarter, the company generated -$10.01 million in EBITDA. The liabilities of Sunworks Inc. were 51.49 million at the end of its most recent quarter ended June 29, and its total debt was $6.33 million. The value of shareholders’ equity is $44.29 million.
Technical Picture
This quick technical analysis looks at Sunworks Inc.’s (SUNW) price momentum. With a historical volatility rate of 57.14%, the RSI 9-day stood at 11.45% on 21 September.
With respect to its five-day moving average, the current Sunworks Inc. price is down by -21.99% percent or -$0.1550. At present, SUNW shares trade -41.45% below its 20-day simple moving average and -32.18% percent below its 100-day simple moving average. However, the stock is currently trading approximately -57.69% below its SMA50 and -77.46% below its SMA200.
Stochastic coefficient K was 3.66% and Stochastic coefficient D was 4.04%, while ATR was 0.0534. Given the Stochastic reading of 5.45% for the 14-day period, the RSI (14) reading has been calculated as 19.66%. As of today, the MACD Oscillator reading stands at -0.0794, while the 14-day reading stands at -0.1066.
Analyst Ratings
Colliers Securities launched its rating on Sunworks Inc. (NASDAQ: SUNW) to a Buy in a note to investors on March 01, 2022. Sunworks Inc. (SUNW) has been rated Overweight by analysts. According to 0 brokerage firms, SUNW is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Sunworks Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $2.60, the current consensus forecast for the stock is $1.20 – $4.00. Based on these forecasts, analysts predict Sunworks Inc. (SUNW) will achieve an average price target of $2.60.
