Sunworks Inc. (NASDAQ:SUNW)’s traded shares stood at 0.54 million during the latest session, with the company’s beta value hitting 1.95. At the last check today, the stock’s price was $1.45, to imply a decrease of -6.17% or -$0.09 in intraday trading. The SUNW share’s 52-week high remains $4.72, putting it -225.52% down since that peak but still an impressive 15.17% since price per share fell to its 52-week low of $1.23. The company has a valuation of $57.86M, with an average of 0.61 million shares in intraday trading volume over the past 10 days and average of 560.88K shares over the past 3 months.
Analysts have given a consensus recommendation of an Overweight for Sunworks Inc. (SUNW), translating to a mean rating of 2.30. Of 3 analyst(s) looking at the stock, 0 analyst(s) give SUNW a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.12.
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Sunworks Inc. (NASDAQ:SUNW) trade information
After registering a -6.17% downside in the latest session, Sunworks Inc. (SUNW) has traded red over the past five days. The stock hit a weekly high of 1.7560 this Thursday, 03/16/23, dropping -6.17% in its intraday price action. The 5-day price performance for the stock is -18.36%, and -30.19% over 30 days. With these gigs, the year-to-date price performance is -8.54%. Short interest in Sunworks Inc. (NASDAQ:SUNW) saw shorts transact 2.49 million shares and set a 4.1 days time to cover.
Analysts on Wall Street suggest a consensus price target of $3.57, implying an increase of 59.38% to the stock’s recent value. The extremes give us $1.70 and $5.00 for target low and target high price respectively. As such, SUNW has been trading -244.83% off suggested target high and -17.24% from its likely low.
Sunworks Inc. (SUNW) estimates and forecasts
Looking at statistics comparing Sunworks Inc. share performance against respective industry, we note that the company has outperformed competitors. Sunworks Inc. (SUNW) shares are -61.67% down over the last 6 months, with its year-to-date growth rate higher than industry average at 32.56% against 17.60%. Revenue is forecast to grow 50.00% this quarter before jumping 53.60% for the next one. The rating firms project that company’s revenue will grow 47.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is $40.37 million. Meanwhile, for the quarter ending Mar 2023, a total of 3 analyst(s) estimate revenue growth to $38.67 million.Earnings reports from the last fiscal year show that sales brought in $31.67 million and $31.2 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 27.50% before jumping 24.00% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 21.20% for the past 5-year period. While 2023 is set for a 3.70% return in earnings, projections for the next 5 years are at 10.00% annually.
Sunworks Inc. has its next earnings report out between May 15 and May 19. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Sunworks Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Sunworks Inc. (NASDAQ:SUNW)’s Major holders
Sunworks Inc. insiders hold 2.09% of total outstanding shares, with institutional holders owning 16.06% of the shares at 16.40% float percentage. In total, 16.06% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Sep 29, 2022, the company held over 1.81 million shares (or 5.14% of shares), all amounting to roughly $5.04 million.
The next major institution holding the largest number of shares is Blackrock Inc. with 0.56 million shares, or about 1.59% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $1.56 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Sunworks Inc. (SUNW) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 1.3 million shares. This is just over 3.69% of the total shares, with a market valuation of $3.62 million. Data from the same date shows that the other fund manager holds a little less at 0.45 million, or 1.29% of the shares, all valued at about 1.27 million.