Sunworks (SUNW) Receives News Sentiment Score of -0.05
News articles about Sunworks (NASDAQ:SUNW) have been trending somewhat negative recently, Accern reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sunworks earned a daily sentiment score of -0.05 on Accern’s scale. Accern also assigned media coverage about the semiconductor company an impact score of 46.8342469334061 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of equities analysts have commented on SUNW shares. Zacks Investment Research cut shares of Sunworks from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. ValuEngine raised shares of Sunworks from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 13th. Cowen set a $3.00 price objective on shares of Sunworks and gave the company a “buy” rating in a research note on Friday, August 11th. Finally, Chardan Capital raised shares of Sunworks from a “neutral” rating to a “buy” rating and set a $2.50 price objective for the company in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $2.67.
Shares of Sunworks (NASDAQ SUNW) traded up $0.02 during trading on Tuesday, hitting $0.94. 159,885 shares of the stock were exchanged, compared to its average volume of 136,542. Sunworks has a 12 month low of $0.92 and a 12 month high of $2.35. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.35 and a quick ratio of 1.17.
Sunworks (NASDAQ:SUNW) last announced its quarterly earnings data on Tuesday, November 14th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.10). Sunworks had a negative net margin of 9.73% and a negative return on equity of 37.92%. The business had revenue of $18.80 million during the quarter, compared to analysts’ expectations of $26.10 million. During the same period last year, the company posted ($0.29) EPS. equities research analysts forecast that Sunworks will post -0.18 EPS for the current year.
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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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