The Vanguard Group, Inc. recently announced the acquisition of new stake in Sunworks Inc (NASDAQ:SUNW). The institutional investor has increased its shareholding in the Technology company by 0.72% to 1.79 million shares with purchase of 12751.0 shares. This fresh investment now brings its stake to 3.15% valued currently at $0.52 million. In addition, Geode Capital Management LLC raised its holdings by 47024.0 to 0.37 million shares. And MAI Capital Management LLC has lifted its position by 20.42% or 10638.0 shares – to 62740.0 shares.
Currently, there are 56.78M common shares owned by the public and among those 53.81M shares have been available to trade.
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Insiders at the company have transacted a total of 25 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 6 of these insider trades were purchases, accounting for 2,245,641 shares. Insider sales of the common stock occurred on 19 occasions, with total insider shares sold totaling 198,373 shares.
The top 3 mutual fund holders in Sunworks Inc are Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Bridgeway Ultra Small Company Fun. Vanguard Total Stock Market ETF owns 1.3 million shares of the company’s stock, all valued at over $0.38 million. Bridgeway Ultra Small Company Fun bought 26700.0 shares to bring its total holdings to over 0.3 million shares at a value of $87299.0. Bridgeway Ultra Small Company Fun now owns shares totaling to 0.53% of the shares outstanding.
However, the script later moved the day high at 0.3750, down -16.94%. The company’s stock has a 5-day price change of 30.00% and -52.91% over the past three months. SUNW shares are trading -81.08% year to date (YTD), with the 12-month market performance down to -86.09% lower. It has a 12-month low price of $0.21 and touched a high of $2.46 over the same period. SUNW has an average intraday trading volume of 2.16 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.81%, -11.42%, and -68.47% respectively.
Institutional ownership of Sunworks Inc (NASDAQ: SUNW) shares accounts for 6.24% of the company’s 56.78M shares outstanding. Mutual fund holders own 4.44%, while other institutional holders and individual stakeholders account for 5.65% and 1.80% respectively.
It has a market capitalization of $16.98M and a beta (3y monthly) value of 1.76. The earnings-per-share (ttm) stands at -$1.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 41.15% over the week and 16.42% over the month.
Earnings per share for the fiscal year are expected to decrease by -87.21%, and 45.34% over the next financial year. EPS should shrink at an annualized rate of 10.00% over the next five years, compared to 17.44% over the past 5-year period.
Looking at the support for the SUNW, a number of firms have released research notes about the stock. Colliers Securities stated their Buy rating for the stock in a research note on March 01, 2022, with the firm’s price target at $5.50.
