Sunworks Inc. [NASDAQ: SUNW] closed the trading session at $8.00 on 01/08/21. The day’s price range saw the stock hit a low of $7.51, while the highest price level was $8.75. The company report on December 7, 2020 that Sunworks Pays Off Debt and Strengthens Balance Sheet.
Company Completes ATM Offering – Raises $20 Million in Cash;Pays off $2.7 Million CrowdOut Capital Debt.
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Sunworks, Inc. (Nasdaq: SUNW), a provider of solar power solutions for agriculture, commercial and industrial (ACI), public works and residential markets, announced the Company has sold approximately 3.8 million shares of common stock raising approximately $20 million in gross proceeds through “at the market” offerings under its prospectus supplement filed on November 25, 2020. The Company used a portion of the proceeds from the sales of its common stock to fully repay the outstanding balance of approximately $2.7 million under its Loan Agreement with CrowdOut Capital, Inc.
The stocks have a year to date performance of 56.25 percent and weekly performance of 56.25 percent. The stock has been moved at 926.96 percent over the last six months. The stock has performed 67.36 percent around the most recent 30 days and changed 123.46 percent over the most recent 3-months.
If compared to the average trading volume of 6.55M shares, SUNW reached to a volume of 15110160 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Sunworks Inc. [SUNW]:
ROTH Capital have made an estimate for Sunworks Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 02, 2020. While these analysts kept the previous recommendation, ROTH Capital raised their target price to Neutral. The new note on the price target was released on June 27, 2017, representing the official price target for Sunworks Inc. stock.
The Average True Range (ATR) for Sunworks Inc. is set at 0.88, with the Price to Sales ratio for SUNW stock in the period of the last 12 months amounting to 3.44. The Price to Book ratio for the last quarter was 25.00, with the Price to Cash per share for the same quarter was set at 0.24.
SUNW stock trade performance evaluation
Sunworks Inc. [SUNW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 56.25. With this latest performance, SUNW shares gained by 67.36% in over the last four-week period, additionally plugging by 926.96% over the last 6 months – not to mention a rise of 540.00% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SUNW stock in for the last two-week period is set at 67.49, with the RSI for the last a single of trading hit 69.81, and the three-weeks RSI is set at 65.60 for Sunworks Inc. [SUNW]. The present Moving Average for the last 50 days of trading for this stock 4.47, while it was recorded at 6.50 for the last single week of trading, and 1.90 for the last 200 days.
Sunworks Inc. [SUNW]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Sunworks Inc. [SUNW] shares currently have an operating margin of -13.92 and a Gross Margin at +10.55. Sunworks Inc.’s Net Margin is presently recorded at -15.35.
Return on Total Capital for SUNW is now -58.12, given the latest momentum, and Return on Invested Capital for the company is -69.53. Return on Equity for this stock declined to -99.64, with Return on Assets sitting at -29.16. When it comes to the capital structure of this company, Sunworks Inc. [SUNW] has a Total Debt to Total Equity ratio set at 63.12. Additionally, SUNW Total Debt to Total Capital is recorded at 38.69, with Total Debt to Total Assets ending up at 17.30. Long-Term Debt to Equity for the company is recorded at 48.86, with the Long-Term Debt to Total Capital now at 29.95.
Reflecting on the efficiency of the workforce at the company, Sunworks Inc. [SUNW] managed to generate an average of -$51,607 per employee. Receivables Turnover for the company is 4.46 with a Total Asset Turnover recorded at a value of 1.90.Sunworks Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.10.
Earnings per share (EPS) analysis for Sunworks Inc. [SUNW] stock
With the latest financial reports released by the company, Sunworks Inc. posted -0.59/share EPS, while the average EPS was predicted by analysts to be reported at -0.03/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1,866.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SUNW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sunworks Inc. go to 10.00%.
Sunworks Inc. [SUNW]: Insider Ownership positions
There are presently around $4 million, or 2.70% of SUNW stock, in the hands of institutional investors. The top three institutional holders of SUNW stocks are: CREATIVE PLANNING with ownership of 218,319, which is approximately New of the company’s market cap and around 0.06% of the total institutional ownership; JANE STREET GROUP, LLC, holding 72,158 shares of the stock with an approximate value of $0.58 million in SUNW stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $0.55 million in SUNW stock with ownership of nearly New of the company’s market capitalization.
Positions in Sunworks Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 6 institutional holders increased their position in Sunworks Inc. [NASDAQ:SUNW] by around 377,036 shares. Additionally, 7 investors decreased positions by around 132,531 shares, while 3 investors held positions by with 67,157 shares. The mentioned changes placed institutional holdings at 442,410 shares, according to the latest SEC report filing. SUNW stock had 4 new institutional investments in for a total of 372,223 shares, while 4 institutional investors sold positions of 75,370 shares during the same period.