Sunworks Inc. (SUNW) Analysis & Forecast for January 2021

Sunworks Inc. (NASDAQ: SUNW) is -2.54% lower on its value in year-to-date trading and has touched a low of $0.29 and a high of $8.50 in the current 52-week trading range. The SUNW stock was last observed hovering at around $4.70 in the last trading session, with the day’s gains setting it 0.29% off its average median price target of $0.80 for the next 12 months. It is also -523.75% off the consensus price target high of $0.80 offered by 1 analysts, but current levels are -523.75% lower than the price target low of $0.80 for the same period.

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Currently trading at $4.99, the stock is 7.24% and 20.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.09 million and changing 6.17% at the moment leaves the stock 181.56% off its SMA200. SUNW registered 253.90% gain for a year compared to 6-month gain of 574.32%. The firm has a 50-day simple moving average (SMA 50) of $4.7624 and a 200-day simple moving average (SMA200) of $2.3783.

The stock witnessed a 13.15% loss in the last 1 month and extending the period to 3 months gives it a 92.66%, and is -7.42% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.94% over the week and 11.88% over the month.

Sunworks Inc. (SUNW) has around 178 employees, a market worth around $86.08M and $43.70M in sales. Profit margin for the company is -33.10%. Distance from 52-week low is 1620.69% and -41.29% from its 52-week high. The company has generated returns on investments over the last 12 months (-68.30%).

Sunworks Inc. (SUNW) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Sunworks Inc. (SUNW) is a “Hold”. 1 analysts offering their recommendations for the stock have an average rating of 3.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Sunworks Inc. is expected to release its quarterly report on 05/13/2021 and quarterly earnings per share for the current quarter are estimated at -$0.05 with sales reaching $13.2M over the same period.The EPS is expected to shrink by -28.20% this year, but quarterly earnings will post -20.40% year-over-year. Quarterly sales are estimated to shrink -8.10% in year-over-year returns.

Sunworks Inc. (SUNW) Top Institutional Holders

14 institutions hold shares in Sunworks Inc. (SUNW), with 10.48k shares held by insiders accounting for 0.06% while institutional investors hold 2.75% of the company’s shares. The shares outstanding are 16.63M, and float is at 16.62M with Short Float at 6.28%. Institutions hold 2.74% of the Float.

The top institutional shareholder in the company is Creative Planning with over 0.22 million shares valued at $0.55 million. The investor’s holdings represent 1.31% of the SUNW Shares outstanding. As of Sep 29, 2020, the second largest holder is Jane Street Group, LLC with 72158.0 shares valued at $0.18 million to account for 0.43% of the shares outstanding. The other top investors are Geode Capital Management, LLC which holds 69219.0 shares representing 0.42% and valued at over $0.18 million, while Vanguard Group, Inc. (The) holds 0.24% of the shares totaling 40561.0 with a market value of $0.1 million.

Sunworks Inc. (SUNW) Insider Activity

The most recent transaction is an insider sale by CARGILE CHARLES F, the company’s Director. SEC filings show that CARGILE CHARLES F sold 2,453 shares of the company’s common stock on Dec 02 at a price of $3.98 per share for a total of $9763.0. Following the sale, the insider now owns 0.0 shares.

Sunworks Inc. disclosed in a document filed with the SEC on Nov 27 that CARGILE CHARLES F (Director) sold a total of 82,173 shares of the company’s common stock. The trade occurred on Nov 27 and was made at $5.85 per share for $0.48 million. Following the transaction, the insider now directly holds 2453.0 shares of the SUNW stock.

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