Sunworks (SUNW) Earning Somewhat Favorable News Coverage, Accern Reports
News articles about Sunworks (NASDAQ:SUNW) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sunworks earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 44.7063279123165 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of Sunworks from a “hold” rating to a “sell” rating in a research report on Friday, November 17th. Chardan Capital upgraded shares of Sunworks from a “neutral” rating to a “buy” rating and set a $2.50 price target for the company in a research report on Monday, October 2nd. Finally, ValuEngine upgraded shares of Sunworks from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 13th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $2.67.
Shares of Sunworks (SUNW) traded up $0.05 during midday trading on Tuesday, reaching $1.14. 310,300 shares of the company were exchanged, compared to its average volume of 230,760. The firm has a market cap of $24.48, a PE ratio of -3.08, a price-to-earnings-growth ratio of 0.84 and a beta of 1.47. Sunworks has a 12-month low of $0.90 and a 12-month high of $2.28. 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 issued its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.10). The business had revenue of $18.80 million during the quarter, compared to analyst estimates of $26.10 million. Sunworks had a negative net margin of 9.73% and a negative return on equity of 37.92%. During the same period in the previous year, the company posted ($0.29) earnings per share. analysts predict that Sunworks will post -0.18 earnings per share for the current year.
Sunworks Company Profile
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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