Tigo Energy Inc (NASDAQ: TYGO)’s stock price has soared by 15.36 in relation to previous closing price of 0.84. Nevertheless, the company has seen a gain of 3.19% in its stock price over the last five trading days. businesswire.com reported 2024-12-02 that CAMPBELL, Calif.–(BUSINESS WIRE)–Tigo Energy, Inc. (NASDAQ: TYGO) (“Tigo”), a leading provider of intelligent solar and energy software solutions, is confirmed to participate in the following upcoming investor conferences: (1) Jefferies Renewables & Clean Energy Conference, (2) Bank of America Clean Energy Symposium 2024 and (3) 27th Annual Needham Growth Conference. Jefferies Renewables & Clean Energy Conference Date: Wednesday, December 4, 2024 Location: New York, NY Event Details:.
Is It Worth Investing in Tigo Energy Inc (NASDAQ: TYGO) Right Now?
The 36-month beta value for TYGO is at 0.77. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for TYGO is 29.08M, and currently, shorts hold a 0.21% of that float. The average trading volume for TYGO on January 20, 2025 was 118.17K shares.
TYGO’s Market Performance
The stock of Tigo Energy Inc (TYGO) has seen a 3.19% increase in the past week, with a 8.86% rise in the past month, and a -26.59% fall in the past quarter. The volatility ratio for the week is 18.51%, and the volatility levels for the past 30 days are at 15.97% for TYGO. The simple moving average for the past 20 days is 4.76% for TYGO’s stock, with a -21.82% simple moving average for the past 200 days.
Analysts’ Opinion of TYGO
Many brokerage firms have already submitted their reports for TYGO stocks, with H.C. Wainwright repeating the rating for TYGO by listing it as a “Buy.” The predicted price for TYGO in the upcoming period, according to H.C. Wainwright is $5 based on the research report published on February 27, 2024 of the previous year 2024.
ROTH MKM, on the other hand, stated in their research note that they expect to see TYGO reach a price target of $2.50, previously predicting the price at $11. The rating they have provided for TYGO stocks is “Neutral” according to the report published on November 09th, 2023.
ROTH MKM gave a rating of “Buy” to TYGO, setting the target price at $21 in the report published on June 20th of the previous year.
TYGO Trading at 1.81% from the 50-Day Moving Average
After a stumble in the market that brought TYGO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -54.34% of loss for the given period.
Volatility was left at 15.97%, however, over the last 30 days, the volatility rate increased by 18.51%, as shares surge +4.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.70% lower at present.
During the last 5 trading sessions, TYGO rose by +3.19%, which changed the moving average for the period of 200-days by -3.10% in comparison to the 20-day moving average, which settled at $0.9249. In addition, Tigo Energy Inc saw -1.61% 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 TYGO starting from ALON ZVI, who sale 24,287 shares at the price of $1.23 back on Mar 11 ’24. After this action, ALON ZVI now owns 232,773 shares of Tigo Energy Inc, valued at $29,953 using the latest closing price.
ALON ZVI, the Chief Executive Officer of Tigo Energy Inc, sale 18,083 shares at $1.26 during a trade that took place back on Mar 08 ’24, which means that ALON ZVI is holding 257,060 shares at $22,803 based on the most recent closing price.
Stock Fundamentals for TYGO
Current profitability levels for the company are sitting at:
- -0.9 for the present operating margin
- 0.24 for the gross margin
The net margin for Tigo Energy Inc stands at -1.1. The total capital return value is set at -0.53. Equity return is now at value -92.81, with -41.97 for asset returns.
Based on Tigo Energy Inc (TYGO), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at -1.29. The debt to equity ratio resting at 1.2. The interest coverage ratio of the stock is -3.63.
Currently, EBITDA for the company is 8.38 million with net debt to EBITDA at -0.81. When we switch over and look at the enterprise to sales, we see a ratio of 1.95. The receivables turnover for the company is 5.21for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.96.
Conclusion
In conclusion, Tigo Energy Inc (TYGO) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
