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Sunworks Inc. (NASDAQ:SUNW) is Waving the Bear Flag

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Sunworks Inc. (SUNW) shares are trading at lower $4.28 and the avg recommendation for the stock is Hold.

To add more color to this target, the company’s high over the last year is $8.50 and the low is $0.29. Over the last 52 weeks, SUNW is up 268.97% while the S&P 500 is up 18.53%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, SUNW reported a profit of $1.25 million. Sunworks Inc. also saw revenues increase to $7.3 million. In addition, SUNW has free cash flow of -$7.29 million as of 09-2020. The company’s EBITDA came in at -$2.34 million which compares well with its peers.

SUNW booked profit margins of -33.10%, its Return on Equity (ROE) is -184.50%, and its Return on Assets is -54.80%. All told, it is clear that, SUNW needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. SUNW has a short ratio of 0.05 and outstanding shares of 16.63M.

Company Outlook

SUNW has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 4.91 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.29. Sunworks Inc. SUNW also noted assets of $21.31 million at the end of the last quarter. Investors should also keep an eye on sector updates as SUNW has historically followed its peers on positive news.

All told, Sunworks Inc. SUNW has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SUNW represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Sunworks Inc. SUNW is now commanding a market cap of 73.32M and a float of 16.62M. SUNW is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of SUNW stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in SUNW, either long or short, and we have not been compensated for this article.

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