Sunworks, Inc. (NASDAQ:SUNW) has earned an average recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $2.67.
Several research analysts have recently commented on SUNW shares. Cowen set a $3.00 price target on Sunworks and gave the stock a “buy” rating in a report on Friday, August 11th. Chardan Capital upgraded Sunworks from a “neutral” rating to a “buy” rating and set a $2.50 price target on the stock in a report on Monday, October 2nd. Zacks Investment Research upgraded Sunworks from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, ValuEngine upgraded Sunworks from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 13th.
Sunworks (SUNW) traded down $0.03 during midday trading on Monday, hitting $1.00. The stock had a trading volume of 83,716 shares, compared to its average volume of 188,173. Sunworks has a fifty-two week low of $0.96 and a fifty-two week high of $2.35. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.17 and a current ratio of 1.35.
Sunworks (NASDAQ:SUNW) last posted its quarterly earnings results on Tuesday, November 14th. The semiconductor company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.10). Sunworks had a negative return on equity of 37.92% and a negative net margin of 9.73%. The company had revenue of $18.80 million for the quarter, compared to analysts’ expectations of $26.10 million. During the same quarter in the prior year, the firm earned ($0.29) EPS. sell-side analysts expect that Sunworks will post -0.18 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Sunworks stock. Sei Investments Co. boosted its stake in Sunworks, Inc. (NASDAQ:SUNW) by 20.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,234 shares of the semiconductor company’s stock after buying an additional 10,408 shares during the period. Sei Investments Co. owned approximately 0.27% of Sunworks worth $107,000 at the end of the most recent quarter. 6.98% of the stock is currently owned by institutional investors and hedge funds.
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Sunworks, Inc, formerly Solar3D, Inc, provides photo voltaic (PV) based power systems for the residential, commercial and agricultural markets in California and Nevada. The Company, through its operating subsidiaries, designs, arranges financing, integrates, installs and manages systems ranging in size from 2 kilowatt (KW) for residential loads to multi megawatts (MW) systems for larger commercial projects.
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