A share price of Pineapple Energy Inc [PEGY] is currently trading at $0.08, up 21.82%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PEGY shares have gain 19.85% over the last week, with a monthly amount drifted -81.93%, and not seem to be holding up well over a long-time horizon.
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On 4, March 2024, Pineapple Energy Participates in Bank of America’s 2024 Power, Utilities and Clean Energy Conference. In a post published today on Yahoo Finance, Pineapple Energy Inc. (NASDAQ: PEGY), a leading provider of sustainable solar energy and back-up power to households and small businesses, is excited to announce that CEO Kyle Udseth and CFO Eric Ingvaldson are attending Bank of America’s 2024 Power, Utilities and Clean Energy Conference in New York City, NY at the Bank of America Tower.
From an analyst’s perspective:
Pineapple Energy Inc experienced fluctuations in its stock price throughout the past year between $0.06 and $1.86. Currently, Wall Street analysts expect the stock to reach $5.7 within the next 12 months. Pineapple Energy Inc [NASDAQ: PEGY] shares were valued at $0.08 at the most recent close of the market. An investor can expect a potential return of 7025.0% based on the average PEGY price forecast.
Analyzing the PEGY fundamentals
Trailing Twelve Months sales for Pineapple Energy Inc [NASDAQ:PEGY] were 77.37M which represents 137.24% growth. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.29 and Total Capital is -0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.9.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.0670 points at the first support level, and at 0.0525 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.0940, and for the 2nd resistance point, it is at 0.1065.
Pineapple Energy Inc [PEGY] reported earnings per share of -$0.24 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.08/share, meaning a difference of -$0.16 and a surprise factor of -200.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.03 per share as compared to estimates of -$0.05 per share, a difference of $0.02 representing a surprise of 40.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Pineapple Energy Inc [NASDAQ:PEGY] is 0.84. As well, the Quick Ratio is 0.63, while the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 0.05, the price to book ratio is 0.04.
Transactions by insiders
Recent insider trading involved NORTHERN PACIFIC GROWTH INVEST, 10% Owner, that happened on Nov 20 when 2488.0 shares were sold. 10% Owner, NORTHERN PACIFIC GROWTH INVEST completed a deal on Nov 17 to sell 4600.0 shares. Meanwhile, 10% Owner NORTHERN PACIFIC GROWTH INVEST sold 4630.0 shares on Nov 16.
