Sunworks Inc (SUNW) stock is down 5.92% over the past week and gets a Neutral rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
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 is trading at $13.83 as of 11:07 AM on Wednesday, Mar 3, a decline of -$0.14, or -0.99% from the previous closing price of $13.97. The stock has traded between $13.02 and $14.43 so far today. Volume today is less active than usual. So far 1,052,785 shares have traded compared to average volume of 7,524,323 shares.
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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.
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