Is Pineapple Energy Inc (NASDAQ:PEGY), -14600.0% Away From High, Poised For A Strong Comeback?

In last trading session, Pineapple Energy Inc (NASDAQ:PEGY) saw 9.47 million shares changing hands with its beta currently measuring 2.94. Company’s recent per share price level of $0.10 trading at $0.0 or -1.93% at ring of the bell on the day assigns it a market valuation of $1.57M. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.76 million shares which gives us an average trading volume of 10.45 million if we extend that period to 3-months.

Pineapple Energy Inc (NASDAQ:PEGY) trade information

Upright in the red during last session for losing -1.93%, in the last five days PEGY remained trading in the red while hitting it’s week-highest on Thursday, 10/10/24 when the stock touched $0.10 price level, adding 28.67% to its value on the day. Pineapple Energy Inc’s shares saw a change of -98.86% in year-to-date performance and have moved -6.80% in past 5-day. Pineapple Energy Inc (NASDAQ:PEGY) showed a performance of -33.60% in past 30-days. Number of shares sold short was 0.27 million shares which calculate 0.02 days to cover the short interests.

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Analysts have been projecting 0.1 as a low price target for the stock while placing it at a high target of 0.1.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 22.94% during past 5 years.

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

Insiders are in possession of 13.39% of company’s total shares while institution are holding 1.00 percent of that, with stock having share float percentage of 1.16%. Investors also watch the number of corporate investors in a company very closely, which is 1.00% institutions for Pineapple Energy Inc that are currently holding shares of the company.

On the other hand, Fidelity Extended Market Index Fund and Fidelity Series Total Market Index Fund are the top two Mutual Funds which own company’s shares. As of Aug 31, 2024 , the former fund manager was holding 35.1 shares of worth $3558.0 or 0.23% of the total outstanding shares. The later fund manager was in possession of 9.94 shares on Aug 31, 2024 , making its stake of worth around $1008.0 in the company or a holder of 0.06% of company’s stock.