Pineapple Energy Inc (NASDAQ: PEGY) Emerges As Guiding Light For Investors

Pineapple Energy Inc (NASDAQ:PEGY) currently has a daily average trading volume of 3.11M but it saw 113367334 shares traded in last market. With a market cap of 1.61M USD, the company’s current market price of $0.18 came rising about 6.03 while comparing to the previous closing price of $0.17. In past 52 weeks, the stock remained buoying in the range of price level as high as $16.19 and as low as $0.17. In the recent trading on the day, stock has struck highest price mark of $0.1764 while lowest mark touched by it was $0.2336.

Taking a look at 20-day trading activity of Pineapple Energy Inc (PEGY) gives us an average price of $0.7082, while its current price level is -98.86% below from 52-week high level whereas it is 11.00% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.1711 while that of 200 days or SMA-200 reads an average of $3.0427. A closer look into the stock’s movement over the week reveals that its volatility is standing at 32.75% during that period while stretching the period over a month that decreases to 14.12%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 21.34 which implies that the stock is in oversold territory.

Over the week, PEGY’s stock price is moving -78.31% down while it is -82.24% when we observe its performance for the past one month. Year-to-date it is -97.92% down and over the past year, the stock is showing a downside performance of -98.80%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -3.6 beaten by the consensus estimate of -1.2 for the same. The company is expected to be releasing its next quarterly report in October, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0. Moreover, analysts are in estimates of $24.7M for current-quarter revenue.

Currently, Pineapple Energy Inc’s total number of outstanding shares is 8.72M. Company’s return on investment (ROI) stands at -109.94% and return on equity (ROE) at -66.08%. Stock’s beta reads 3.11. Stock has a price to sale or P/S ratio amounts to 0.02. Its return on asset (ROA) is -16.43% on average.