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Pineapple Energy Inc (PEGY) Analysis & Opinions from Experts

Pineapple Energy Inc (NASDAQ: PEGY) is -89.70% lower on its value in year-to-date trading and has touched a low of $0.05 and a high of $1.73 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 PEGY stock was last observed hovering at around $0.06 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $0.06, the stock is -4.93% and -64.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.74 million and changing -3.17% at the moment leaves the stock -91.72% off its SMA200. PEGY registered -95.72% loss for a year compared to 6-month loss of -92.82%. The firm has a 50-day simple moving average (SMA 50) of $0.26 and a 200-day simple moving average (SMA200) of $13.73.

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The stock witnessed a -17.57% gain in the last 1 month and extending the period to 3 months gives it a -89.70%, and is -1.93% 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 12.11% over the week and 16.13% over the month.

Pineapple Energy Inc (PEGY) has around 201 employees, a market worth around $3.48M and $79.63M in sales. Profit margin for the company is -10.21%. Distance from 52-week low is 18.45% and -96.47% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.40%).

Pineapple Energy Inc quarterly earnings per share for the current quarter are estimated at $0., but quarterly earnings will post 21.80% year-over-year.

Pineapple Energy Inc (PEGY) Top Institutional Holders

20 institutions hold shares in Pineapple Energy Inc (PEGY), with institutional investors hold 1.34% of the company’s shares. The shares outstanding are 57.09M, and float is at 53.06M with Short Float at 0.65%. Institutions hold 1.25% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 0.21 million shares valued at $0.29 million. The investor’s holdings represent 2.08% of the PEGY Shares outstanding. As of Jun 29, 2023, the second largest holder is Dimensional Fund Advisors LP with 0.13 million shares valued at $0.18 million to account for 1.34% of the shares outstanding. The other top investors are Coldstream Capital Management, Inc. which holds 98000.0 shares representing 0.98% and valued at over $0.13 million, while Gamco Investors Inc holds 0.45% of the shares totaling 44777.0 with a market value of $61344.0.

Pineapple Energy Inc (PEGY) Insider Activity

The most recent transaction is an insider sale by NORTHERN PACIFIC GROWTH INVEST,the company’s10% Owner. SEC filings show that NORTHERN PACIFIC GROWTH INVEST sold 2,488 shares of the company’s common stock on Nov 20 ’23 at a price of $0.61 per share for a total of $1518.0. Following the sale, the insider now owns 1.13 million shares.

Pineapple Energy Inc disclosed in a document filed with the SEC on Nov 17 ’23 that NORTHERN PACIFIC GROWTH INVEST (10% Owner) sold a total of 4,600 shares of the company’s common stock. The trade occurred on Nov 17 ’23 and was made at $0.62 per share for $2839.0. Following the transaction, the insider now directly holds 1.13 million shares of the PEGY stock.

Still, SEC filings show that on Nov 16 ’23, NORTHERN PACIFIC GROWTH INVEST (10% Owner) disposed off 4,630 shares at an average price of $0.62 for $2859.0. The insider now directly holds 1,132,506 shares of Pineapple Energy Inc (PEGY).

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