The Vanguard Group, Inc. has recently announced that it has increased stake in Sunworks Inc (NASDAQ:SUNW) by 0.72%. After grabbing 1.79 million shares, the institutional investor is now in possession of 12751.0 shares of the Technology Company. The new investment brought the stake of investor firm to 4.04% having worth around $0.61 million. Moreover, Geode Capital Management LLC increased its share by 47024.0 to have a control over 0.37 million shares. And MAI Capital Management LLC raised its holdings to 10638.0 shares by acquiring 62740.0 shares or 0.14% of the stake.
Sunworks Inc (SUNW) concluded trading on 12/14/23 at a closing price of $0.43, with 24.2 million shares of worth about $10.41 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -66.41% during that period and on Thursday the price saw a gain of about 59.08%. Currently the company’s common shares owned by public are about 56.78M shares, out of which, 53.82M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 25 times over the past 12 months. They bought 2,245,641 shares in 6 of the transactions. In 19 selling transactions, insiders dumped 198,373 shares.
Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Bridgeway Ultra Small Company Fun are the top 3 mutual funds which are holding stakes in Sunworks Inc Vanguard Total Stock Market ETF is currently holding 1.3 million shares of worth totaling $0.44 million. The company recently came buying 0.0 shares which brought its stake up to 2.93% of the company’s outstanding shares. Bridgeway Ultra Small Company Fun, after buying 0.3 million shares, have now control over 0.68% of the stake in the company. It holds 26700.0 shares of worth $0.1 million.
However, the stock later moved at a day high price of 0.4686, or with a gain of 59.08%. Stock saw a price change of 78.79% in past 5 days and over the past one month there was a price change of 37.38%. Year-to-date (YTD), SUNW shares are showing a performance of -72.78% which decreased to -80.97% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.21 but also hit the highest price of $2.46 during that period. The average intraday trading volume for Sunworks Inc shares is 1.49 million. The stock is currently trading 59.16% above its 20-day simple moving average (SMA20), while that difference is up 25.32% for SMA50 and it goes to -55.36% lower than SMA200.
The Vanguard Group, Inc. acquired 1.79 million shares of Sunworks Inc having value of about $0.61 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 12751.0 shares in the company valued at close to $5482.93, or have control over 0.72% stake in the company. Sunworks Inc (NASDAQ: SUNW) currently have 56.78M outstanding shares and institutions hold larger chunk of about 6.24% of that. Holding of mutual funds in the company is about 5.65% while other institutional holders and individual stake holders have control over 5.69% and 2.32% of the stake respectively.
The stock has a current market capitalization of $24.42M and its 3Y-monthly beta is at 1.72. It has posted earnings per share of -$1.55 in the same period. It has Quick Ratio of 0.83 while making debt-to-equity ratio of 0.29. 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 22.80% while standing at 12.29% over the month.
Analysts are in expectations that Sunworks Inc (SUNW) stock would likely to be making an EPS of -$0.26 in the current quarter, while forecast for next quarter EPS is -$0.23 and it is -$0.88 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.26 which is -$0.26 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 -$0.2 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -87.21% while it is estimated to increase by 45.34% in next year. EPS is likely to shrink at an annualized rate of 10.00% for next 5-years, compared to annual growth of 17.44% made by the stock over the past 5-years.
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 Colliers Securities on March 01, 2022 offering a Buy rating for the stock and assigned a target price of $5.50 to it.
