Sunworks Inc (SUNW) Trading Up 2.5%
Shares of Sunworks Inc (NASDAQ:SUNW) were up 2.5% during trading on Tuesday . The company traded as high as $2.93 and last traded at $2.87, with a volume of 188,820 shares trading hands. The stock had previously closed at $2.80.
A number of analysts recently commented on SUNW shares. Chardan Capital started coverage on Sunworks in a research report on Thursday, August 4th. They issued a “buy” rating and a $5.00 target price for the company. Zacks Investment Research raised Sunworks from a “sell” rating to a “hold” rating in a research report on Thursday, July 14th. Finally, TheStreet raised Sunworks from a “sell” rating to a “hold” rating in a research report on Friday, June 3rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $4.58.
The stock’s 50-day moving average price is $2.71 and its 200-day moving average price is $2.61. The company has a market capitalization of $62.14 million and a price-to-earnings ratio of 26.14.
Sunworks (NASDAQ:SUNW) last posted its quarterly earnings results on Wednesday, August 10th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.02. The business had revenue of $31.50 million for the quarter, compared to analyst estimates of $11 million. Analysts expect that Sunworks Inc will post $0.12 earnings per share for the current fiscal year.
In other Sunworks news, insider Abraham Richard Emard sold 11,600 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $3.33, for a total transaction of $38,628.00. Following the completion of the sale, the insider now directly owns 775,842 shares in the company, valued at $2,583,553.86. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Sunworks, Inc, formerly Solar3D, Inc, provides photo voltaic (PV) based power systems for the residential, commercial and agricultural markets in California and Nevada. The Company, through its operating subsidiaries, designs, arranges financing, integrates, installs and manages systems ranging in size from 2 kilowatt (KW) for residential loads to multi megawatts (MW) systems for larger commercial projects.
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