What Analysts Were Expecting After Pineapple Energy Inc (NASDAQ: PEGY) rose 14.10%

Pineapple Energy Inc (NASDAQ:PEGY) shares, rose in value, with the stock price up by 14.10% to the previous day’s close as strong demand from buyers drove the stock to $0.07.

Actively observing the price movement in the last trading, the stock closed the session at $0.06. Referring to stock’s 52-week performance, its high was $1.73, and the low was $0.05. On the whole, PEGY has fluctuated by 4.04% over the past month.

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With the market capitalization of Pineapple Energy Inc currently standing at about $3.97 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 28, 2024 – Apr 01, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to $0 for fiscal year -$0.17 and then to about $0 by fiscal year 2025.

Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $97 million, representing an increase of 21.80% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that PEGY’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of PEGY currently trading nearly 8.97% and -56.69% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.52, while the 7-day volatility ratio is showing 12.70% which for the 30-day chart, stands at 15.47%. Furthermore, Pineapple Energy Inc (PEGY)’s beta value is 2.50, and its average true range (ATR) is 0.01.

A comparison of Pineapple Energy Inc (PEGY) with its peers suggests the former has fared considerably weaker in the market. PEGY showed an intraday change of 14.10% in last session, and over the past year, it shrunk by -95.62%%.

Data on historical trading for Pineapple Energy Inc (NASDAQ:PEGY) indicates that the trading volumes over the past 10 days have averaged 4.59 million and over the past 3 months, they’ve averaged 5.77 million. According to company’s latest data on outstanding shares, there are 57.09 million shares outstanding.

Nearly 7.07% of Pineapple Energy Inc’s shares belong to company insiders and institutional investors own 1.19% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.34 million shares as on Mar 15, 2024, resulting in a short ratio of 0.04. According to the data, the short interest in Pineapple Energy Inc (PEGY) stood at 0.60% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 0.33 million. The stock has fallen by -88.24% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PEGY stock heading into the next quarter.