After grabbing 0.12 million shares, the institutional investor is now in possession of 0.12 million shares of the Technology Company. The new investment brought the stake of investor firm to 0.71% having worth around $0.16 million. Moreover, UBS Securities LLC increased its share by 58944.0 to have a control over 58944.0 shares. And Founders Financial Securities LLC raised its holdings to 25000.0 shares by acquiring 25000.0 shares or 0.15% of the stake.
Sunworks Inc. (SUNW) concluded trading on 08/26/20 at a closing price of $0.76, with 3.83 million shares of worth about $2.91 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -18.72% during that period and on Wednesday the price saw a gain of about 4.99%. Currently the company’s common shares owned by public are about 16.63M shares, out of which, 16.54M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the SUNW stock and their offered price forecasts bring an average price target of $0.80. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $0.80 and could fall to a lowest price of $0.80. Analysts also issued an outlook of 3.00 for the Sunworks Inc. stock for next 12 months. However, touching the estimated high of $0.80 would mean a gain of 5.0% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Sun Life Infrastructure Fund, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Sunworks Inc. Sun Life Infrastructure Fund is currently holding 0.12 million shares of worth totaling $0.16 million. The company recently came buying 0.12 million shares which brought its stake up to 0.71% of the company’s outstanding shares. Vanguard Extended Market Index Fu bought 3344.0 shares, after which its hold over company’s outstanding shares expand to 0.24%, leaving 39161.0 shares with the mutual fund that have a worth of about $51693.0. Fidelity Extended Market Index Fu, after buying 6668.0 shares, have now control over 0.04% of the stake in the company. It holds 0.0 shares of worth $8802.0.
Sunworks Inc. (NASDAQ: SUNW) started trading at $0.70, below -$0.02 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $0.76, or with a gain of 4.99%. Stock saw a price change of -18.72% in past 5 days and over the past one month there was a price change of -45.22%. Year-to-date (YTD), SUNW shares are showing a performance of -39.53% which decreased to -75.51% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.29 but also hit the highest price of $4.10 during that period. While comparing its average daily trading volume of 4.54 million shares, we see that about 3.83 million changed hands on the day. The stock is currently trading -27.07% below its 20-day simple moving average (SMA20), while that difference is down -17.57% for SMA50 and it goes to -8.56% lower than SMA200.
Sun Life Global Investments (Cana.. acquired 0.12 million shares of Sunworks Inc. having value of about $0.16 million. Sunworks Inc. (NASDAQ: SUNW) currently have 16.63M outstanding shares and institutions hold larger chunk of about 2.00% of that. Holding of mutual funds in the company is about 0.87% while other institutional holders and individual stake holders have control over 1.04% and — of the stake respectively.
The stock has a current market capitalization of $14.70M and its 3Y-monthly beta is at 3.22. It has posted earnings per share of -$1.39 in the same period. It has Quick Ratio of 1.20 while making debt-to-equity ratio of 0.62. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SUNW, volatility over the week remained 17.35% while standing at 16.64% over the month.
Analysts are in expectations that Sunworks Inc. (SUNW) stock would likely to be making an EPS of -$0.05 in the current quarter, while forecast for next quarter ESPS is -$0.05 and it is -$0.12 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.05 which is -$0.05 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.26 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -28.20% while it is estimated to increase by 85.00% in next year. EPS is likely to shrink at an annualized rate of 10.00% for next 5-years, compared to annual growth of 32.80% made by the stock over the past 5-years.
Analysts at 1 brokerage firms have issued recommendations for the Sunworks Inc. (SUNW)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 1 Wall Street analysts, 0 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by ROTH Capital on April 02, 2020 offering a Neutral rating for the stock and assigned a target price of to it. Coverage by ROTH Capital stated Sunworks Inc. (SUNW) stock as a Neutral in their note to investors on June 27, 2017, suggesting a price target of $2.50 for the stock. On March 13, 2017, Chardan Capital Markets Downgrade their recommendations, while on August 04, 2016, Chardan Capital Markets Initiated their ratings for the stock with a price target of $5.