In the last trading session, 1.27 million Sunworks Inc (NASDAQ:SUNW) shares changed hands as the company’s beta touched 1.90. With the company’s per share price at $0.28 changed hands at $0.0 or -0.64% during last session, the market valuation stood at $15.90M. SUNW’s last price was a discount, traded about -817.86% off its 52-week high of $2.57. The share price had its 52-week low at $0.28. When we look at Sunworks Inc’s average trading volume, we note the 10-day average is 1.33 million shares, with the 3-month average coming to 1.30 million.
Analysts gave the Sunworks Inc (SUNW) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended SUNW as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Sunworks Inc’s EPS for the current quarter is expected to be -$0.26.
Sunworks Inc (NASDAQ:SUNW) trade information
Instantly SUNW was in red as seen at the end of in last trading. With action -9.68%, the performance over the past five days has been red. The drop to weekly highs of 0.3420 on Friday, 11/17/23 subtracted -0.64% to the stock’s daily price. The company’s shares are showing year-to-date downside of -82.28%, with the 5-day performance at -9.68% in the red. However, in the 30-day time frame, Sunworks Inc (NASDAQ:SUNW) is -29.88% down. Looking at the short shares, we see there were 4.95 million shares sold at short interest cover period of 3.05 days.
The consensus price target for the stock as assigned by Wall Street analysts is $0.35, meaning bulls need an upside of 20.0% from its current market value. According to analyst projections, SUNW’s forecast low is $0.35 with $0.35 as the target high. To hit the forecast high, the stock’s price needs a -25.0% plunge from its current level, while the stock would need to soar -25.0% for it to hit the projected low.
Sunworks Inc (SUNW) estimates and forecasts
Data shows that the Sunworks Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -74.55% over the past 6 months, a -87.21% in annual growth rate that is considerably lower than the industry average of 22.50%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Sunworks Inc will fall -30.00%, while the growth in revenue is estimated to hit -27.80% for the next quarter. Year-over-year growth is forecast to reach -19.20% down from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $29.6 million. 1 analysts are of the opinion that Sunworks Inc’s revenue for the quarter ending Mar 2024 will be $25.3 million. The company’s revenue for the corresponding quarters a year ago was $53.63 million and $37.9 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -44.80%. The estimates for the next quarter sales put growth at -33.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 17.44%. The 2023 estimates are for Sunworks Inc earnings to decrease by -87.21%, but the outlook for the next 5-year period is at 10.00% per year.
Sunworks Inc is expected to release its next quarterly earnings report on November 10.