Now Is The Time To Buy Pineapple Energy Inc (NASDAQ: PEGY)

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During the last session, Pineapple Energy Inc (NASDAQ:PEGY)’s traded shares were 83.73 million, with the beta value of the company hitting 2.94. At the end of the trading day, the stock’s price was $0.12, reflecting an intraday gain of 5.70% or $0.01. The 52-week high for the PEGY share is $14.70, that puts it down -12150.0 from that peak though still a striking 16.67% gain since the share price plummeted to a 52-week low of $0.10. The company’s market capitalization is $1.78M, and the average intraday trading volume over the past 10 days was 34.44 million shares, and the average trade volume was 8.98 million shares over the past three months.

Pineapple Energy Inc (NASDAQ:PEGY) trade information

Pineapple Energy Inc (PEGY) registered a 5.70% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 5.70% in intraday trading to $0.12, hitting a weekly high. The stock’s 5-day price performance is -15.13%, and it has moved by -33.98% in 30 days. Based on these gigs, the overall price performance for the year is -99.11%. The short interest in Pineapple Energy Inc (NASDAQ:PEGY) is 0.27 million shares and it means that shorts have 0.02 day(s) to cover.

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The consensus price target of analysts on Wall Street is $0.1, which implies a decrease of -20.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $0.1 and $0.1 respectively. As a result, PEGY is trading at a premium of 16.67% off the target high and 16.67% off the low.

Pineapple Energy Inc (PEGY) estimates and forecasts

In the rating firms’ projections, revenue will increase 10.10% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 24.7M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 23.2M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 20.6M and 19.44M respectively. In this case, analysts expect current quarter sales to grow by 19.90% and then jump by 19.30% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 22.94%.

PEGY Dividends

Pineapple Energy Inc is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Pineapple Energy Inc (NASDAQ:PEGY)’s Major holders

Pineapple Energy Inc insiders own 2.04% of total outstanding shares while institutional holders control 1.78%, with the float percentage being 1.82%.