Overall market sentiment has been down on Sunworks Inc (SUNW) stock lately. SUNW receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With SUNW Stock Today?
Sunworks Inc (SUNW) stock has gained 559.48% while the S&P 500 is lower by -2.37% as of 9:55 AM on Thursday, Sep 24. SUNW is up $6.49 from the previous closing price of $1.16 on volume of 37,414,319 shares. Over the past year the S&P 500 has risen 9.11% while SUNW is up 204.78%. SUNW lost -$1.39 per share in the over the last 12 months.
More About Sunworks Inc
Sunworks Inc provides photovoltaic based power systems for the agricultural, commercial, industrial and residential markets in California, Oregon, Texas, New Mexico, and Nevada. It also provides a full range of installation services including design, system engineering, procurement, permitting, construction, grid connection, warranty, system monitoring, and maintenance. Its subsidiaries designs arrange, finance, integrate, install and manage systems ranging in size from 2 kilowatts for residential loads to multi-megawatt systems for larger commercial projects. The firm derives the majority of its revenue from sales to the commercial and agricultural markets.