In the last trading session, 5,100,778 shares of the Sunworks, Inc.(NASDAQ:SUNW) were traded, and its beta was 1.52. Most recently the company’s share price was $14.1, and it changed around -$1.84 or -0.12% from the last close, which brings the market valuation of the company to $336.08 Million. SUNW currently trades at a discount to its 52-week high of $29.37, offering almost -108.3% off that amount. The share price’s 52-week low was $0.29, which indicates that the current value has risen by an impressive 97.94% since then. We note from Sunworks, Inc.’s average daily trading volume that its 10-day average is 3.89 Million shares, with the 3-month average coming to 8.05 Million.
Sunworks, Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 3. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 1 recommended SUNW as a Hold, whereas none deemed it a Buy, and no one rated it as Underweight. Sunworks, Inc. is expected to report earnings per share of $0 for the current quarter.
Sunworks, Inc. (NASDAQ:SUNW): Trading Information
Although SUNW has showed a red trend with a performance of -11.54% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $19.11 on Tuesday, Feb 16 increased the stock’s daily price by 26.22%. The company’s shares are currently up 1.75% year-to-date, but still down -0.2575 over the last five days. On the other hand, Sunworks, Inc. (NASDAQ:SUNW) is -0.38% down in the 30-day period. We can see from the shorts that 1.79 Million shares have been sold at a short interest cover period of 0.22 day(s).
The consensus price target as assigned by Wall Street analysts is $0.8, which translates to bears needing to reduce their stock price by -94.33% from its current value. Analyst projections state that SUNW is forecast to be at a low of $0.8 and a high of $0.8. In order for the stock price to hit the forecast high, the stock would need to surge -94.33% from its current level, while the stock would need to crash -94.33% from its current level to reach the projected low.
Sunworks, Inc. (SUNW) projections and forecasts
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $13.2 Million in revenue for the current quarter. 1 analysts expect Sunworks, Inc. to make $13.6 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $14.36 Million and $12.36 Million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -8.1%. Forecasts for the next quarter put sales growth at 10%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 32.8%. Sunworks, Inc. earnings are expected to decrease by -28.2% in 2021, but the outlook is positive 10% per year for the next five years.
Sunworks, Inc. (NASDAQ:SUNW)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.06% of Sunworks, Inc. shares, and 2.74% of them are in the hands of institutional investors. The stock currently has a share float of 2.75%. Sunworks, Inc. stock is held by 14 institutions, with Creative Planning being the largest institutional investor. By Dec 30, 2020, it held 0.9% of the shares, which is about 214.22 Thousand shares worth $1.1 Million.
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Hussman Strategic Advisors, Inc., with 0.86% or 205Thousand shares worth $1.05 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.