Sunworks Inc [NASDAQ: SUNW] stock went on an upward path that rose over 0.10% on Friday, amounting to a one-week price decrease of less than -53.57%. The company report on November 13, 2023 at 5:00 AM that Four Bright Solar Stocks Heading Into 2024.
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Over the last 12 months, SUNW stock dropped by -95.04%. The one-year Sunworks Inc stock forecast points to a potential upside of 85.71. 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 $5.80 million, with 56.78 million shares outstanding and 53.83 million shares in the current float. Compared to the average trading volume of 55.40 shares, SUNW stock reached a trading volume of 6.91M 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 $0.35 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.
The Average True Range (ATR) for Sunworks Inc is set at 0.05, with the Price to Sales ratio for SUNW stock in the period of the last 12 months amounting to 0.04. The Price to Book ratio for the last quarter was 0.23, with the Price to Cash per share for the same quarter was set at 0.04.
SUNW Stock Performance Analysis:
Sunworks Inc [SUNW] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -53.57. With this latest performance, SUNW shares dropped by -57.04% in over the last four-week period, additionally sinking by -91.48% over the last 6 months – not to mention a drop of -95.04% 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 33.93, with the RSI for the last a single of trading hit 32.88, and the three-weeks RSI is set at 35.42 for Sunworks Inc [SUNW]. The present Moving Average for the last 50 days of trading for this stock 0.2321, while it was recorded at 0.1017 for the last single week of trading, and 0.7268 for the last 200 days.
Insight into Sunworks Inc Fundamentals:
Sunworks Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.83 and a Current Ratio set at 1.24.
SUNW Stock EPS
With the latest financial reports released by the company, Sunworks Inc posted -0.2/share EPS, while the average EPS was predicted by analysts to be reported at -0.12/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -66.70%. 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] Institutonal Ownership Details
The top three institutional holders of SUNW stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in SUNW stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in SUNW stock with ownership which is approximately 5.8325%.
