Tigo Energy Inc [NASDAQ: TYGO] stock went on an upward path that rose over 19.51% on Wednesday, amounting to a one-week price increase of more than 12.21%.
Over the last 12 months, TYGO stock rose by 49.25%. The one-year Tigo Energy Inc stock forecast points to a potential upside of 64.15. The average equity rating for TYGO stock is currently 1.50, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $91.16 million, with 62.02 million shares outstanding and 28.85 million shares in the current float. Compared to the average trading volume of 111.99K shares, TYGO stock reached a trading volume of 41690818 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Tigo Energy Inc [TYGO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TYGO shares is $4.10 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TYGO stock is a recommendation set at 1.50. 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.
H.C. Wainwright have made an estimate for Tigo Energy Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 27, 2024. While these analysts kept the previous recommendation, ROTH MKM raised their target price from $11 to $2.50. The new note on the price target was released on November 09, 2023, representing the official price target for Tigo Energy Inc stock. Previously, the target price had yet another raise to $21, while ROTH MKM analysts kept a Buy rating on TYGO stock.
The Price to Book ratio for the last quarter was 24.11, with the Price to Cash per share for the same quarter was set at 0.45. Price to Free Cash Flow for TYGO in the course of the last twelve months was 13.71 with Quick ratio for the last quarter at 0.61.
TYGO Stock Performance Analysis:
Tigo Energy Inc [TYGO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.21. With this latest performance, TYGO shares gained by 15.29% in over the last four-week period, additionally plugging by 54.04% over the last 6 months – not to mention a rise of 49.25% 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 TYGO stock in for the last two-week period is set at 64.24, with the RSI for the last a single of trading hit 0.1525, and the three-weeks RSI is set at 0.1234 for Tigo Energy Inc [TYGO]. The present Moving Average for the last 50 days of trading for this stock 1.2098, while it was recorded at 1.2926 for the last single week of trading, and 1.0181 for the last 200 days.
Insight into Tigo Energy Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Tigo Energy Inc [TYGO] shares currently have an operating margin of -53.74% and a Gross Margin at 8.93%. Tigo Energy Inc’s Net Margin is presently recorded at -69.01%.
Tigo Energy Inc (TYGO) Capital Structure & Debt Analysis
According to recent financial data for Tigo Energy Inc. ( TYGO), the Return on Equity (ROE) stands at -221.18%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -55.82%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Tigo Energy Inc’s Return on Invested Capital (ROIC) is -1315.99%, showcasing its effectiveness in deploying capital for earnings.
Tigo Energy Inc (TYGO) Efficiency & Liquidity Metrics
Based on Tigo Energy Inc’s (TYGO) latest financial statements, the Debt-to-Equity Ratio is 28.33%, indicating its reliance on debt financing relative to shareholder equity.
Tigo Energy Inc (TYGO) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Tigo Energy Inc. (TYGO) effectively leverages its workforce, generating an average of -$366785.71 per employee. The company’s liquidity position is robust, with a Current Ratio of 0.89% and a Quick Ratio of 0.61%, indicating strong ability to cover short-term liabilities.
Tigo Energy Inc [TYGO] Institutonal Ownership Details
There are presently around $14.90%, or 30.90% of TYGO stock, in the hands of institutional investors.
