The stock price of Pineapple Energy Inc (NASDAQ: PEGY) has surged by 1.53 when compared to previous closing price of 0.05, but the company has seen a -14.05% decline in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-05-06 that MINNETONKA, Minn., May 06, 2024 (GLOBE NEWSWIRE) — Pineapple Energy Inc. (NASDAQ: PEGY), a leading provider of sustainable solar energy and back-up power to households and small businesses, today announced that management will host a conference call for investors and analysts on Friday, May 10 at 8:30am ET to discuss the company’s first quarter 2024 financial results. The company plans to provide a press release reporting its results on the Investor Relations section of its website at https://ir.pineappleenergy.com/news-events after the close of the financial markets on May 9, 2024 prior to the conference call.
Is It Worth Investing in Pineapple Energy Inc (NASDAQ: PEGY) Right Now?
The stock has a 36-month beta value of 2.56. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PEGY is 85.83M, and at present, short sellers hold a 0.76% of that float. On May 07, 2024, the average trading volume of PEGY was 19.77M shares.
PEGY’s Market Performance
PEGY’s stock has seen a -14.05% decrease for the week, with a -20.60% drop in the past month and a -76.36% fall in the past quarter. The volatility ratio for the week is 9.87%, and the volatility levels for the past 30 days are at 16.69% for Pineapple Energy Inc The simple moving average for the past 20 days is -2.60% for PEGY’s stock, with a -90.87% simple moving average for the past 200 days.
PEGY Trading at -13.73% from the 50-Day Moving Average
After a stumble in the market that brought PEGY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -96.92% of loss for the given period.
Volatility was left at 16.69%, however, over the last 30 days, the volatility rate increased by 9.87%, as shares sank -16.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.75% lower at present.
During the last 5 trading sessions, PEGY fell by -14.05%, which changed the moving average for the period of 200-days by -95.71% in comparison to the 20-day moving average, which settled at $0.0541. In addition, Pineapple Energy Inc saw -91.01% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PEGY starting from NORTHERN PACIFIC GROWTH INVEST, who sale 2,488 shares at the price of $0.61 back on Nov 20 ’23. After this action, NORTHERN PACIFIC GROWTH INVEST now owns 1,125,418 shares of Pineapple Energy Inc, valued at $1,518 using the latest closing price.
NORTHERN PACIFIC GROWTH INVEST, the 10% Owner of Pineapple Energy Inc, sale 4,600 shares at $0.62 during a trade that took place back on Nov 17 ’23, which means that NORTHERN PACIFIC GROWTH INVEST is holding 1,127,906 shares at $2,839 based on the most recent closing price.
Stock Fundamentals for PEGY
Current profitability levels for the company are sitting at:
- -0.08 for the present operating margin
- 0.33 for the gross margin
The net margin for Pineapple Energy Inc stands at -0.1. The total capital return value is set at -0.17. Equity return is now at value -29.12, with -10.34 for asset returns.
Based on Pineapple Energy Inc (PEGY), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at -0.04. The debt to equity ratio resting at 0.76. The interest coverage ratio of the stock is -2.43.
Currently, EBITDA for the company is -0.98 million with net debt to EBITDA at -13.32. When we switch over and look at the enterprise to sales, we see a ratio of 0.24. The receivables turnover for the company is 15.57for trailing twelve months and the total asset turnover is 1.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.71.
Conclusion
To sum up, Pineapple Energy Inc (PEGY) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
