Sunday, June 26, 2022

A Guide To The Risks Of Investing In Sunworks Inc. (SUNW)

In a filing, Sunworks Inc. revealed its Chief Financial Officer Bonfigt Jason Lee acquired Company’s shares for reported $1810.0 on Jun 14. In the deal valued at $1.81 per share,1,000 shares were bought. As a result of this transaction, Bonfigt Jason Lee now holds 141,358 shares worth roughly $ 0.27 million.

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Then, Morris Gaylon bought 10,000 shares, generating $19,000 in total proceeds. Upon buying the shares at $1.90, the Chief Executive Officer now owns 230,000 shares.

Before that, Bonfigt Jason Lee bought 2,500 shares. Sunworks Inc. shares valued at $4,750 were divested by the Chief Financial Officer at a price of $1.90 per share. As a result of the transaction, Bonfigt Jason Lee now holds 140,358 shares, worth roughly $0.27 million.

Taking this into account, Colliers Securities initiated its Sunworks Inc. [SUNW] rating to a Buy in a research note published on Tuesday, March 01, 2022; the price target was $5.50. PT values the company’s stock at a premium of 65.64 to its Tuesday closing price. ROTH Capital also remained covering SUNW and has decreased its forecast on April 02, 2020 with a “Neutral” recommendation from previously “Buy” rating. ROTH Capital started covering the stock on June 27, 2017. It rated SUNW as “a Neutral”.

Price Performance Review of SUNW

On Tuesday, Sunworks Inc. [NASDAQ:SUNW] saw its stock jump 3.28% to $1.89. On the same session, the stock had its day’s lowest price of $1.855, but rose to a high of $1.9799. Over the last five days, the stock has gained 1.07%. Sunworks Inc. shares have fallen nearly -38.44% since the year began. Nevertheless, the stocks have fallen -79.68% over the past one year. While a 52-week high of $11.77 was reached on 03/08/22, a 52-week low of $1.23 was recorded on 05/12/22. SMA at 50 days reached $1.8796, while 200 days put it at $3.5715. A total of 1.03 million shares were traded, compared to the trading of 0.92 million shares in the previous session.

Levels Of Support And Resistance For SUNW Stock

The 24-hour chart illustrates a support level at 1.8367, which if violated will result in even more drops to 1.7834. On the upside, there is a resistance level at 1.9616. A further resistance level may holdings at 2.0332. The Relative Strength Index (RSI) on the 14-day chart is 48.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1262, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.32%. Stochastics %K at 20.27% indicates the stock is a holding.

Sunworks Inc. [SUNW] – Who Are The Largest Shareholders?

. Over the last quarter, BlackRock Fund Advisors purchased 694 shares of Sunworks Inc., while D. E. Shaw & Co. LP bought 292,571 shares. At present, Geode Capital Management LLC is holding 269,387 shares valued at $0.55 million. HRT Financial LLC owned 229,927 shares of the company at the time of its most recent 13F filing, worth $0.47 million.

According to FactSet, Sunworks Inc.’s share price will average $3.25 in the next year, based on opinions of analysts polled by the firm. This is up nearly 77.6 percent from its previous closing price of $1.83. Analysts expect Sunworks Inc. stock to reach the higher price of $4.50, while the lowest price estimate is $2.00. However, 2 analysts have rated SUNW stock as an Overweight in their predictions for 2022.

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