Insider Buying: Sunworks, Inc. (SUNW) CEO Acquires 20,000 Shares of Stock
Sunworks, Inc. (NASDAQ:SUNW) CEO Charles F. Cargile acquired 20,000 shares of the stock in a transaction on Monday, November 27th. The shares were purchased at an average price of $1.01 per share, for a total transaction of $20,200.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Sunworks, Inc. (SUNW) traded up $0.01 during midday trading on Tuesday, hitting $1.00. 205,594 shares of the stock were exchanged, compared to its average volume of 136,776. The company has a quick ratio of 1.17, a current ratio of 1.35 and a debt-to-equity ratio of 0.08. Sunworks, Inc. has a one year low of $0.96 and a one year high of $2.35.
Sunworks (NASDAQ:SUNW) last released its quarterly earnings results on Tuesday, November 14th. The semiconductor company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.10). The business had revenue of $18.80 million for the quarter, compared to the consensus estimate of $26.10 million. Sunworks had a negative return on equity of 37.92% and a negative net margin of 9.73%. During the same period in the prior year, the business posted ($0.29) earnings per share. equities research analysts expect that Sunworks, Inc. will post -0.18 earnings per share for the current year.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Sunworks from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Chardan Capital upgraded shares of Sunworks from a “neutral” rating to a “buy” rating and set a $2.50 target price on the stock in a report on Monday, October 2nd. Cowen set a $3.00 price objective on shares of Sunworks and gave the stock a “buy” rating in a report on Friday, August 11th. Finally, ValuEngine raised shares of Sunworks from a “strong sell” rating to a “sell” rating in a research note 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 company. The company presently has an average rating of “Hold” and an average target price of $2.67.
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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