Pineapple Energy Inc (NASDAQ:PEGY) shares, rose in value, with the stock price up by 1.17% to the previous day’s close as strong demand from buyers drove the stock to $0.05.
Actively observing the price movement in the last trading, the stock closed the session at $0.05. Referring to stock’s 52-week performance, its high was $1.73, and the low was $0.04. On the whole, PEGY has fluctuated by -17.62% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 87.7M, with a low estimate of 18.9M and a high estimate of 18.9M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 18.9M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PEGY’s technical picture suggests that short-term indicators denote the stock is a 100% 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 -10.02% and -20.94% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.72, while the 7-day volatility ratio is showing 26.00% which for the 30-day chart, stands at 15.38%. Furthermore, Pineapple Energy Inc (PEGY)’s beta value is 2.52, 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 1.17% in last session, and over the past year, it shrunk by -96.32%%.
Data on historical trading for Pineapple Energy Inc (NASDAQ:PEGY) indicates that the trading volumes over the past 3 months, they’ve averaged 10.81 million. According to company’s latest data on outstanding shares, there are 64.08 million shares outstanding.
Nearly 5.33% of Pineapple Energy Inc’s shares belong to company insiders and institutional investors own 1.06% of the company’s shares. The stock has fallen by -91.23% 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.
