Sunworks Inc. [NASDAQ: SUNW] stock went on an upward path that rose over 23.31% on Thursday, amounting to a one-week price increase of more than 16.18%. The company report on July 28, 2022 that CORRECTION: Sunworks Launches New Corporate Website.
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This article corrects one issued this morning that contained an incorrect website link.
New website helps customers make well-informed decisions about solar power energy solutions.
Over the last 12 months, SUNW stock dropped by -77.00%. The one-year Sunworks Inc. stock forecast points to a potential upside of 38.15. The average equity rating for SUNW stock is currently 3.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $70.91 million, with 29.50 million shares outstanding and 28.79 million shares in the current float. Compared to the average trading volume of 1.01M shares, SUNW stock reached a trading volume of 4628632 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Sunworks Inc. [SUNW]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SUNW shares is $3.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SUNW stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Colliers Securities have made an estimate for Sunworks Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 01, 2022. 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 April 26, 2021, representing the official price target for Sunworks Inc. stock.
The Average True Range (ATR) for Sunworks Inc. is set at 0.14, with the Price to Sales ratio for SUNW stock in the period of the last 12 months amounting to 0.56. The Price to Book ratio for the last quarter was 0.80, with the Price to Cash per share for the same quarter was set at 0.55.
SUNW Stock Performance Analysis:
Sunworks Inc. [SUNW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.18. With this latest performance, SUNW shares gained by 21.08% in over the last four-week period, additionally sinking by -6.94% over the last 6 months – not to mention a drop of -77.00% 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 63.11, with the RSI for the last a single of trading hit 71.21, and the three-weeks RSI is set at 57.85 for Sunworks Inc. [SUNW]. The present Moving Average for the last 50 days of trading for this stock 1.8100, while it was recorded at 1.7000 for the last single week of trading, and 2.9700 for the last 200 days.
Insight into Sunworks Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Sunworks Inc. [SUNW] shares currently have an operating margin of -22.72 and a Gross Margin at +38.33. Sunworks Inc.’s Net Margin is presently recorded at -26.32.
Return on Equity for this stock declined to -49.85, with Return on Assets sitting at -34.77.
Sunworks Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 2.10.
SUNW Stock EPS
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 Position Details
There are presently around $11 million, or 17.40% of SUNW stock, in the hands of institutional investors. The top three institutional holders of SUNW stocks are: VANGUARD GROUP INC with ownership of 1,035,805, which is approximately -14.375% of the company’s market cap and around 1.40% of the total institutional ownership; MILLENNIUM MANAGEMENT LLC, holding 603,519 shares of the stock with an approximate value of $1.21 million in SUNW stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $1.14 million in SUNW stock with ownership of nearly -48.648% of the company’s market capitalization.
Positions in Sunworks Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 36 institutional holders increased their position in Sunworks Inc. [NASDAQ:SUNW] by around 1,966,138 shares. Additionally, 17 investors decreased positions by around 4,290,307 shares, while 11 investors held positions by with 612,297 shares. The mentioned changes placed institutional holdings at 5,644,148 shares, according to the latest SEC report filing. SUNW stock had 19 new institutional investments in for a total of 1,294,172 shares, while 8 institutional investors sold positions of 2,852,762 shares during the same period.