A new trading data show Sunworks Inc. (SUNW) is showing positive returns.

Sunworks Inc. (NASDAQ: SUNW) stock jumped 3.95% on Tuesday to $2.37 against a previous-day closing price of $2.28. With 0.62 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.69 million shares. During the session, the Solar company that operates in wider Technology sector, reached to the highest price of $2.4400 whereas the lowest price it dropped to was $2.2300. The 52-week range on SUNW shows that it touched its highest point at $5.11 and its lowest point at $1.23 during that stretch. It currently has a 1-year price target of $4.33. Beta for the stock currently stands at 1.88.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SUNW was up-trending over the past week, with a rise of 5.33%, but this was up by 22.16% over a month. Three-month performance surged to 8.22% while six-month performance rose 45.40%. The stock gained 9.72% in the past year, while it has gained 50.00% so far this year. A look at the trailing 12-month EPS for SUNW yields -1.14 with Next year EPS estimates of -0.32. For the next quarter, that number is -0.12. This implies an EPS growth rate of 3.70% for this year and 59.00% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 21.20%.

Float and Shares Shorts:

At present, 35.19 million SUNW shares are outstanding with a float of 34.79 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.89 million, which was 8.77% higher than short shares on Sep 14, 2022. In addition to Mr. Gaylon Morris as the firm’s CEO & Director, Mr. Jason Lee Bonfigt CPA serves as its CFO & Treasurer.


Institutional Ownership:

Through their ownership of 12.92% of SUNW’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 9.62% of SUNW, in contrast to 6.72% held by mutual funds. Shares owned by individuals account for 2.18%. As the largest shareholder in SUNW with 5.11% of the stake, The Vanguard Group, Inc. holds 1,797,906 shares worth 1,797,906. A second-largest stockholder of SUNW, BlackRock Fund Advisors, holds 551,383 shares, controlling over 1.57% of the firm’s shares. EAM Investors LLC is the third largest shareholder in SUNW, holding 318,064 shares or 0.90% stake. With a 3.69% stake in SUNW, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,299,138 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.30% of SUNW stock, is the second-largest Mutual Fund holder. It holds 455,623 shares valued at 0.72 million. Fidelity Extended Market Index Fu holds 0.50% of the stake in SUNW, owning 174,282 shares worth 0.28 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SUNW since 3 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SUNW analysts setting a high price target of $6.00 and a low target of $2.00, the average target price over the next 12 months is $4.33. Based on these targets, SUNW could surge 153.16% to reach the target high and fall by -15.61% to reach the target low. Reaching the average price target will result in a growth of 82.7% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SUNW will report FY 2022 earnings on 03/08/2024. Analysts have provided yearly estimates in a range of -$0.68 being high and -$0.81 being low. For SUNW, this leads to a yearly average estimate of -$0.75. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Sunworks Inc. surprised analysts by -$0.05 when it reported -$0.16 EPS against a consensus estimate of -$0.11. The surprise factor in the prior quarter was -$0.04. Based on analyst estimates, the high estimate for the next quarter is -$0.09 and the low estimate is -$0.14. The average estimate for the next quarter is thus -$0.12.

Summary of Insider Activity:

Insiders traded SUNW stock several times over the past three months with 4 Buys and 4 Sells. In these transactions, 170,216 shares were bought while 6,292 shares were sold. The number of buy transactions has increased to 11 while that of sell transactions has risen to 8 over the past year. The total number of shares bought during that period was 254,425 while 34,148 shares were sold.

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