Sunworks Inc. (NASDAQ:SUNW) shares traded -3.89% lower at $1.73 on Wall Street last session.
In accordance with the data, 1 analysts cover Sunworks Inc. (NASDAQ:SUNW). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $4.00 and a low of $4.00, we find $4.00. Given the previous closing price of $1.80, this indicates a potential upside of 122.22 percent. SUNW stock price is now 48.55% away from the 50-day moving average and -0.75% away from the 200-day moving average. The market capitalization of the company currently stands at $56.57M.
It has been rated a hold by 0 analysts and a buy by 1. Brokers who have rated the stock have averaged $4.00 as their price target over the next twelve months.
With the price target of $5.50, Colliers Securities recently initiated with Buy rating for Sunworks Inc. (NASDAQ: SUNW).
Insiders disposed of 40,692 shares of company stock worth roughly $70397.16 over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SUNW stock. A new stake in Sunworks Inc. shares was purchased by MAI CAPITAL MANAGEMENT during the first quarter worth $90,000. VIRTU FINANCIAL LLC invested $41,000 in shares of SUNW during the first quarter. In the first quarter, GSA CAPITAL PARTNERS LLP acquired a new stake in Sunworks Inc. valued at approximately $26,000. NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO acquired a new stake in SUNW for approximately $17,000. In total, there are 49 active investors with 16.20% ownership of the company’s stock.
Sunworks Inc. (NASDAQ: SUNW) opened at $2.0300 on Tuesday. During the past 12 months, Sunworks Inc. has had a low of $0.73 and a high of $4.72. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 1.40, and a quick ratio of 1.00. The fifty day moving average price for SUNW is $1.1839 and a two-hundred day moving average price translates $1.7355 for the stock.
The latest earnings results from Sunworks Inc. (NASDAQ: SUNW) was released for Mar, 2023. According to the Solar Company, earnings per share came in at -$0.18, beating analysts’ expectations of -$0.26 by 0.08. This compares to -$0.28 EPS in the same period last year. The net profit margin was -15.70% and return on equity was -40.40% for SUNW. The company reported revenue of $37.9 million for the quarter, compared to $31.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.49 percent. For the current quarter, analysts expect SUNW to generate $43.6M in revenue.
Sunworks Inc.(SUNW) Company Profile
Sunworks, Inc., through its subsidiaries, engages in the provision of photovoltaic and battery based power and storage systems for the commercial, agricultural, industrial, public works, and residential markets in the United States. It is also involved in the design, arrange financing, integrate, install, and manage systems ranging for residential homeowners, and commercial and public works projects. The company was formerly known as Solar3D, Inc. and changed its name to Sunworks, Inc. in March 2016. Sunworks, Inc. was incorporated in 2002 and is headquartered in Provo, Utah.
