With 0.75 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.67 million shares. During the session, the Solar company that operates in wider Technology sector, reached to the highest price of $0.7057 whereas the lowest price it dropped to was $0.6800. The 52-week range on SUNW shows that it touched its highest point at $3.94 and its lowest point at $0.67 during that stretch. It currently has a 1-year price target of $2.60. Beta for the stock currently stands at 1.96.
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 down-trending over the past week, with a drop of -8.85%, but this was down by -32.67% over a month. Three-month performance dropped to -44.26% while six-month performance fell -52.11%. The stock lost -81.96% in the past year, while it has lost -56.96% so far this year. A look at the trailing 12-month EPS for SUNW yields -0.88 with Next year EPS estimates of -0.81. For the next quarter, that number is -0.24. This implies an EPS growth rate of 13.00% for this year and 9.00% 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 17.70%.
Float and Shares Shorts:
At present, 44.30 million SUNW shares are outstanding with a float of 43.60 million shares on hand for trading. On Aug 30, 2023, short shares totaled 4.0 million, which was 9.03% higher than short shares on Jul 30, 2023. In addition to Mr. Gaylon Morris as the firm’s CEO & Director, Mr. Jason Lee Bonfigt CPA serves as its CFO & Treasurer.
Through their ownership of 12.10% of SUNW’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.61% of SUNW, in contrast to 3.23% held by mutual funds. Shares owned by individuals account for 3.00%. As the largest shareholder in SUNW with 4.01% of the stake, The Vanguard Group, Inc. holds 1,776,728 shares worth 1,776,728. A second-largest stockholder of SUNW, BlackRock Fund Advisors, holds 435,323 shares, controlling over 0.98% of the firm’s shares. Geode Capital Management LLC is the third largest shareholder in SUNW, holding 319,153 shares or 0.72% stake. With a 2.93% stake in SUNW, the Vanguard Total Stock Market ETF 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 1.06% of SUNW stock, is the second-largest Mutual Fund holder. It holds 468,374 shares valued at 0.37 million. Bridgeway Ultra Small Company Fun holds 0.68% of the stake in SUNW, owning 302,073 shares worth 0.24 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, SUNW reported revenue of $36.40M and operating income of -$7.66M. The EBITDA in the recently reported quarter was -$6.03M and diluted EPS was -$0.23.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SUNW since 0 analysts follow the stock currently. 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 $4.00 and a low target of $1.20, the average target price over the next 12 months is $2.60. Based on these targets, SUNW could surge 488.24% to reach the target high and rise by 76.47% to reach the target low. Reaching the average price target will result in a growth of 282.35% 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.
Summary of Insider Activity:
Insiders traded SUNW stock several times over the past three months with 1 Buys and 2 Sells. In these transactions, 175,439 shares were bought while 1,644 shares were sold. The number of buy transactions has increased to 8 while that of sell transactions has risen to 17 over the past year. The total number of shares bought during that period was 749,191 while 38,588 shares were sold.