Do Traders Think Sunworks Inc (SUNW) Can Turn Around Wednesday?

Wednesday, August 16, 2023 12:50 PM | InvestorsObserver Analysts

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Do Traders Think Sunworks Inc (SUNW) Can Turn Around Wednesday?

Overall market sentiment has been down on Sunworks Inc (SUNW) stock lately. SUNW receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sunworks Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SUNW!

See Full SUNW Report

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With SUNW Stock Today?

Sunworks Inc (SUNW) stock is trading at $1.01 as of 12:47 PM on Wednesday, Aug 16, a decline of -$0.04, or -3.81% from the previous closing price of $1.05. The stock has traded between $1.00 and $1.07 so far today. Volume today is light. So far 721,229 shares have traded compared to average volume of 2,352,793 shares. To screen for more stocks like Sunworks Inc click here.

More About Sunworks Inc

Sunworks Inc provides photovoltaic based power systems for the agricultural, commercial, industrial (ACI), public works, and residential markets in California, Nevada, Massachusetts, Oregon, New Jersey and Hawaii. It has direct sales and/or operations personnel in California, Massachusetts, and Oregon. Through its operating subsidiaries, the company designs arrange financing, integrates, installs, and manages systems ranging in size from 2kW (kilowatt) for residential projects to multi MW (megawatt) systems for larger ACI and public works projects. ACI installations have included installations at office buildings, manufacturing plants, warehouses, service stations, churches, and agricultural facilities such as farms, wineries, and dairies. Its operating segments are Solcius and Sunworks. Click Here to get the full Stock Report for Sunworks Inc stock.