Should Investors Trust The Upside Potential In Pineapple Energy Inc (PEGY)?

Pineapple Energy Inc (NASDAQ:PEGY) currently has a daily average trading volume of 801.48K but it saw 1049736 shares traded in last market. With a market cap of 5.64M USD, the company’s current market price of $4.18 came falling about -18.20 while comparing to the previous closing price of $5.11. In past 52 weeks, the stock remained buoying in the range of price level as high as $734.92 and as low as $4.68. In the recent trading on the day, stock has struck highest price mark of $4.05 while lowest mark touched by it was $5.145.

Taking a look at 20-day trading activity of Pineapple Energy Inc (PEGY) gives us an average price of $5.96, while its current price level is -99.43% below from 52-week high level whereas it is -10.68% 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 $18.92 while that of 200 days or SMA-200 reads an average of $85.09. A closer look into the stock’s movement over the week reveals that its volatility is standing at 39.37% during that period while stretching the period over a month that decreases to 18.21%. 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 30.85 which implies that the stock is in neutral territory.

Over the week, PEGY’s stock price is moving -17.55% down while it is -42.50% when we observe its performance for the past one month. Year-to-date it is -99.06% down and over the past year, the stock is showing a downside performance of -99.20%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -180 beaten by the consensus estimate of -60 for the same. The company is expected to be releasing its next quarterly report on 2024-Nov-07, 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.

Company’s return on investment (ROI) stands at -109.94% and return on equity (ROE) at -66.08%. Stock’s beta reads 2.94. Stock has a price to sale or P/S ratio amounts to 0.09. Its return on asset (ROA) is -16.43% on average.