Published on 12 Aug 2023 on Simply Wall St. via Yahoo Finance
Investors Give Sunworks, Inc. (NASDAQ:SUNW) Shares A 26% Hiding
Sunworks, Inc. (NASDAQ:SUNW) shares have retraced a considerable 26% in the last month, reversing a fair amount of their solid recent performance. For any long-term shareholders, the last month ends a year to forget by locking in a 76% share price decline.
Since its price has dipped substantially, Sunworks may be sending buy signals at present with its price-to-sales (or "P/S") ratio of 0.3x, considering almost half of all companies in the Electrical industry in the United States have P/S ratios greater than 1.9x and even P/S higher than 5x aren't out of the ordinary. Although, it's not wise to just take the P/S at face value as there may be an explanation why it's limited.
Check out our latest analysis for Sunworks