Sunworks, Inc. (NASDAQ:SUNW) Stock: Performance and Outlook – Marketing Sentinel

Sunworks, Inc. (NASDAQ:SUNW) Stock: Performance and Outlook

In the last trading session, 2,604,745 Sunworks, Inc. (NASDAQ:SUNW) shares changed hands as the company’s beta touched 1.58. With the company’s per share price at $12.3 changed hands at -$1.42 or -0.1% during last session, the market valuation stood at $293.17 Million. SUNW’s last price was a discount, traded about -138.78% off its 52-week high of $29.37. The share price had its 52-week low at $0.29, which suggests the last value was 97.64% up since then. When we look at Sunworks, Inc.’s average trading volume, we note the 10-day average is 2.9 Million shares, with the 3-month average coming to 7.42 Million.

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Analysts gave the Sunworks, Inc. (SUNW) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3. If we narrow down to specifics, the data shows that none out of 1 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 1 recommended SUNW as a Hold, none felt it is a Buy and none rated the stock as Underweight. Sunworks, Inc.’s EPS for the current quarter is expected to be $0.

Sunworks, Inc. (NASDAQ:SUNW) trade information

Although SUNW has turned red as seen at the end of in last trading. With action -10.35%, the performance over the past five days has been red. The jump to weekly highs of $14.50 on Wednesday, Mar 24 added 15.17% to the stock’s daily price. The company’s shares are showing year-to-date upside of 1.4%, with the 5-day performance at -0.15% in the red. However, in the 30-day time frame, Sunworks, Inc. (NASDAQ:SUNW) is -0.07% down. Looking at the short shares, we see there were 1.96 Million shares sold at short interest cover period of 0.26 days.

The consensus price target for the stock as assigned by Wall Street analysts is $0.8, meaning bulls need a downside of -93.5% from its current market value. According to analyst projections, SUNW’s forecast low is $0.8 with $0.8 as the target high. To hit the forecast high, the stock’s price needs a -93.5% upsurge from its current level, while the stock would need to tank -93.5% for it to hit the projected low.

Sunworks, Inc. (SUNW) estimates and forecasts

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $8.58 Million. 1 analysts are of the opinion that Sunworks, Inc.’s revenue for the quarter ending in May 2021 will be $13.6 Million. The company’s revenue for the corresponding quarters a year ago was $14.36 Million and $12.36 Million respectively. According to analysts, the company will likely register a drop in its current quarter sales, forecast at -40.3%. The estimates for the next quarter sales put growth at 10%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 32.8%. The 2021 estimates are for Sunworks, Inc. earnings to decrease by -28.2%, but the outlook for the next 5-year period is at 10% per year.

Sunworks, Inc. (NASDAQ:SUNW)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.06% of Sunworks, Inc. shares while 2.74% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 2.75%. There are 14 institutions holding the Sunworks, Inc. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Dec 30, 2020, the company held 1.53% of the shares, roughly 363.95 Thousand SUNW shares worth $1.86 Million.

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Susquehanna International Group, LLP holds the second largest percentage of outstanding shares, with 1.31% or 311.99 Thousand shares worth $1.6 Million as of Dec 30, 2020.

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Among Mutual Funds, the top two as of Dec 30, 2020 were Vanguard Extended Market Index Fund and Hussman Investment Trust-Hussman Strategic Growth Fund. With 352456 shares estimated at $1.8 Million under it, the former controlled 1.48% of total outstanding shares. On the other hand, Hussman Investment Trust-Hussman Strategic Growth Fund held about 0.84% of the shares, roughly 200Thousand shares worth around $1.02 Million.

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