In today’s recent session, 49.84 million shares of the Pineapple Energy Inc (NASDAQ:PEGY) have been traded, and its beta is 2.54. Most recently the company’s share price was $0.06, and it changed around $0.0 or 8.23% from the last close, which brings the market valuation of the company to $5.75M. PEGY at last check was trading at a discount to its 52-week high of $1.53, offering almost -2450.0% off that amount. The share price’s 52-week low was $0.04, which indicates that the recent value has risen by an impressive 33.33% since then. We note from Pineapple Energy Inc’s average daily trading volume that its 3-month average coming to 27.55 million.
Pineapple Energy Inc (NASDAQ:PEGY) trade information
Instantly PEGY has been showing a green trend so far today with a performance of 8.23% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -89.23% year-to-date, but still down -8.93% over the last five days. On the other hand, Pineapple Energy Inc (NASDAQ:PEGY) is 33.93% up in the 30-day period.
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The consensus price target as assigned by Wall Street analysts is $0.1, which translates to bulls needing to increase their stock price by 40.0% from its current value. Analyst projections state that PEGY is forecast to be at a low of $0.1 and a high of $0.1.
Pineapple Energy Inc (PEGY) estimates and forecasts
Pineapple Energy Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -90.36 percent over the past six months and at a -10.14% annual growth rate that is well below the industry average of 10.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 23.10% in revenue this quarter, and will report a decrease of -500.00% in the next quarter. The year-over-year growth rate is expected to be 10.10%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $13.22 million in revenue for the current quarter. 1 analysts expect Pineapple Energy Inc to make $20.9 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $16 million. Analysts predict that the company’s current quarter sales will drop, forecast at -17.40%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 22.94%.
