Somewhat Favorable News Coverage Somewhat Unlikely to Impact Sunworks (SUNW) Share Price
Media coverage about Sunworks (NASDAQ:SUNW) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sunworks earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 44.7469602802991 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Sunworks (NASDAQ SUNW) traded down $0.01 during mid-day trading on Thursday, hitting $1.10. The company had a trading volume of 64,200 shares, compared to its average volume of 81,700. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.35 and a quick ratio of 1.17. The company has a market capitalization of $24.93, a P/E ratio of -2.97, a P/E/G ratio of 0.85 and a beta of 1.47. Sunworks has a 12-month low of $0.90 and a 12-month high of $2.28.
Sunworks (NASDAQ:SUNW) last released its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.10). The firm had revenue of $18.80 million during the quarter, compared to the consensus estimate of $26.10 million. Sunworks had a negative net margin of 9.73% and a negative return on equity of 37.92%. During the same quarter in the previous year, the firm earned ($0.29) earnings per share. analysts predict that Sunworks will post -0.18 EPS for the current year.
Several analysts recently weighed in on SUNW shares. Zacks Investment Research downgraded Sunworks from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. ValuEngine upgraded Sunworks from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 13th. Finally, Chardan Capital upgraded Sunworks from a “neutral” rating to a “buy” rating and set a $2.50 price objective for the company in a report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $2.67.
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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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