Sunworks Inc (SUNW) Stock Could Soon Reward Patient Investors

Sunworks Inc (NASDAQ: SUNW) is -54.60% lower on its value in year-to-date trading and has touched a low of $0.04 and a high of $2.13 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SUNW stock was last observed hovering at around $0.10 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $0.11, the stock is -43.49% and -54.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 51.26 million and changing 4.31% at the moment leaves the stock -85.33% off its SMA200. SUNW registered -94.42% loss for a year compared to 6-month loss of -90.81%. The firm has a 50-day simple moving average (SMA 50) of $0.06 and a 200-day simple moving average (SMA200) of -$0.17.

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The stock witnessed a -53.55% gain in the last 1 month and extending the period to 3 months gives it a -69.08%, and is -49.00% 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 115.70% over the week and 34.99% over the month.

Profit margin for the company is -40.36%. Distance from 52-week low is 192.86% and -95.01% from its 52-week high. The company has generated returns on investments over the last 12 months (-241.95%).

Sunworks Inc quarterly earnings per share for the current quarter are estimated at -$0.26 with sales reaching $29.6M over the same period., but quarterly earnings will post -19.20% year-over-year. Quarterly sales are estimated to shrink -44.80% in year-over-year returns.

Sunworks Inc (SUNW) Top Institutional Holders

33 institutions hold shares in Sunworks Inc (SUNW), with institutional investors hold 6.70% of the company’s shares. The shares outstanding are 56.78M, and float is at 53.83M with Short Float at 12.65%. Institutions hold 6.23% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 1.79 million shares valued at $2.02 million. The investor’s holdings represent 4.03% of the SUNW Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 0.44 million shares valued at $0.49 million to account for 0.98% of the shares outstanding. The other top investors are Geode Capital Management, LLC which holds 0.32 million shares representing 0.72% and valued at over $0.36 million, while Bridgeway Capital Management, Inc. holds 0.68% of the shares totaling 0.3 million with a market value of $0.34 million.

Sunworks Inc (SUNW) Insider Activity

A total of 8 insider transactions have happened at Sunworks Inc (SUNW) in the last six months, with sales accounting for 6 and purchases happening 2 times.