Is Pineapple Energy Inc (NASDAQ: PEGY) Back In The Buying Zone?

Currently, there are 9.92M common shares owned by the public and among those 5.99M shares have been available to trade.

Insiders at the company have transacted a total of 6 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 3 of these insider trades were purchases, accounting for 241,429 shares. Insider sales of the common stock occurred on 3 occasions, with total insider shares sold totaling 33,651 shares.

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The company’s stock has a 5-day price change of -77.38% and -88.26% over the past three months. PEGY shares are trading -82.77% year to date (YTD), with the 12-month market performance down to -95.00% lower. It has a 12-month low price of $0.08 and touched a high of $2.18 over the same period. PEGY has an average intraday trading volume of 22.06 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -76.15%, -81.26%, and -89.46% respectively.

Institutional ownership of Pineapple Energy Inc (NASDAQ: PEGY) shares accounts for 7.40% of the company’s 9.92M shares outstanding.

It has a market capitalization of $1.04M and a beta (3y monthly) value of 2.60. The earnings-per-share (ttm) stands at -$1.49. Price movements for the stock have been influenced by the stock’s volatility, which stands at 55.51% over the week and 18.06% over the month.

Analysts forecast that Pineapple Energy Inc (PEGY) will achieve an EPS of -$0.08 for the current quarter, $0 for the next quarter and -$0.17 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.08 while analysts give the company a high EPS estimate of -$0.08. Comparatively, EPS for the current quarter was -$0.41 a year ago. Earnings per share for the fiscal year are expected to decrease by -12.24%, and 69.09% over the next financial year.

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