Pineapple Energy Inc (PEGY) average volume reaches $7.93: Is Wall Street expecting a rally?

On Monday, Pineapple Energy Inc (NASDAQ: PEGY) opened lower -4.90% from the last session, before settling in for the closing price of $0.10. Price fluctuations for PEGY have ranged from $0.08 to $2.18 over the past 52 weeks.

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Technology Sector giant saw their annual sales surged by 53.85% over the last five years. Company’s average yearly earnings per share was noted -12.24% at the time writing. With a float of $5.99 million, this company’s outstanding shares have now reached $9.92 million.

Pineapple Energy Inc (PEGY) Insider Activity

A key investor’s attitude towards the stock of the Solar industry is another important factor to consider. The insider ownership of Pineapple Energy Inc is 41.25%, while institutional ownership is 7.40%. The most recent insider transaction that took place on Nov 20, was worth 1,518. In this transaction 10% Owner of this company sold 2,488 shares at a rate of $0.61, taking the stock ownership to the 1,125,418 shares. Before that another transaction happened on Nov 17, when Company’s 10% Owner sold 4,600 for $0.62, making the entire transaction worth $2,839. This insider now owns 1,127,906 shares in total.

Pineapple Energy Inc (PEGY) Earnings and Forecasts

If we go through the results of last quarter, which was made public on 9/29/2023, the company posted -$0.24 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -$0.08) by -$0.16. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -12.24% per share during the next fiscal year.

Pineapple Energy Inc (NASDAQ: PEGY) Trading Performance Indicators

Check out the current performance indicators for Pineapple Energy Inc (PEGY). In the past quarter, the stock posted a quick ratio of 0.63. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.01.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.49, a number that is poised to hit -0.08 in the next quarter and is forecasted to reach -0.17 in one year’s time.

Technical Analysis of Pineapple Energy Inc (PEGY)

Analysing the last 5-days average volume posted by the [Pineapple Energy Inc, PEGY], we can find that recorded value of 22.33 million was better than the volume posted last year of 4.01 million. As of the previous 9 days, the stock’s Stochastic %D was 5.28%. Additionally, its Average True Range was 0.05.

During the past 100 days, Pineapple Energy Inc’s (PEGY) raw stochastic average was set at 1.80%, which indicates a significant decrease from 3.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 327.89% in the past 14 days, which was higher than the 161.80% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.5216, while its 200-day Moving Average is $0.9546. Now, the first resistance to watch is $0.1066. This is followed by the second major resistance level at $0.1162. The third major resistance level sits at $0.1225. If the price goes on to break the first support level at $0.0907, it is likely to go to the next support level at $0.0844. Should the price break the second support level, the third support level stands at $0.0748.

Pineapple Energy Inc (NASDAQ: PEGY) Key Stats

There are currently 10,247K shares outstanding in the company with a market cap of 0.99 million. Presently, the company’s annual sales total 27,520 K according to its annual income of -10,350 K. Last quarter, the company’s sales amounted to 18,290 K and its income totaled -2,360 K.