Pineapple Energy Inc (NASDAQ: PEGY) Could Be A Life-Changing Stock?

In the last trading session, 27.99 million Pineapple Energy Inc (NASDAQ:PEGY) shares changed hands as the company’s beta touched 2.60. With the company’s per share price at $0.10 changed hands at -$0.01 or -6.42% during last session, the market valuation stood at $1.04M. PEGY’s last price was a discount, traded about -2080.0% off its 52-week high of $2.18. The share price had its 52-week low at $0.08, which suggests the last value was 20.0% up since then. When we look at Pineapple Energy Inc’s average trading volume, we note the 10-day average is 10.13 million shares, with the 3-month average coming to 22.06.

Pineapple Energy Inc (NASDAQ:PEGY) trade information

Instantly PEGY was in red as seen at the end of in last trading. With action -77.38%, the performance over the past five days has been red. The drop to weekly highs of 0.3103 subtracted -6.42% to the stock’s daily price. The company’s shares are showing year-to-date downside of -82.77%, with the 5-day performance at -77.38% in the red. However, in the 30-day time frame, Pineapple Energy Inc (NASDAQ:PEGY) is -82.04% down. Looking at the short shares, we see there were 69010.0 shares sold at short interest cover period of 2.14 days.

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Pineapple Energy Inc (PEGY) estimates and forecasts

Data shows that the Pineapple Energy Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -92.39% over the past 6 months, a 42.71% in annual growth rate that is considerably higher than the industry average of -4.50%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Pineapple Energy Inc will rise 80.50%. Year-over-year growth is forecast to reach 192.90% up 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 $20.4 million. The company’s revenue for the corresponding quarters a year ago was $17.18 million. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 18.70%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 5.23%. The 2024 estimates are for Pineapple Energy Inc earnings to decrease by -12.24%.

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