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Wednesday, February 1, 2023

Today, Sunworks Inc. (NASDAQ: SUNW) Takes Center Stage

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Sunworks Inc. (SUNW) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.06, or -2.74%, to $2.13. The Sunworks Inc. has recorded 4,708 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Sunworks Reports Third Quarter 2022 Results.

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Stocks Info

The company is listed on the NASDAQ and operates within the Solar industry segment. At the end of the last regular session, the stock closed at $2.19 and fluctuated between $2.3150 as its day high and $2.0700 as its day low. The current market capitalization of Sunworks Inc. is $75.29M. A total of 0.91 million shares were traded on the day, compared to an average of 700.52K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, SUNW has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 1,884 shares. Over the last 12 months, there were 7 BUYs and 6 SELLs from insiders. Insiders purchased 84,209 shares during that period but sold 29,740.

In the most recent transaction, Bonfigt Jason Lee bought 1,000 shares of SUNW for 1.81 per share on Jun 14. After the transaction, the Chief Financial Officer now owns 141,358 company shares. In a previous transaction on Jun 13, Morris Gaylon bought 10,000 shares at 1.90 per share. SUNW shares that Chief Executive Officer owns now total 230,000.

Among the insiders who bought shares, Bonfigt Jason Lee acquired of 2,500 shares on Jun 13 at a per-share price of $1.90. This resulted in the Chief Financial Officer holding 140,358 shares of SUNW after the transaction. In another insider transaction, McCullough Patrick Clement Jr. bought 10,000 shares at $3.11 per share on Mar 16. Company shares held by the Director now total 10,000.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for SUNW in the last 3 months, the mean price target is $4.33 with high estimates of $6.00 and low estimates of $2.00. In terms of 52-week highs and lows, SUNW has a high of $5.11 and a low of $1.23.

As of this writing, SUNW has an earnings estimate of -$0.14 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.14 per share and a lower estimate of -$0.15. The company reported an EPS of -$0.28 in the last quarter, which was -64.70% lower than expectations of -$0.17.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 3 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SUNW is Buy with a score of 4.33. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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