Published on 16 Aug 2023 on Simply Wall St. via Yahoo Finance
Investors Give Sunworks, Inc. (NASDAQ:SUNW) Shares A 26% Hiding
The Sunworks, Inc. (NASDAQ:SUNW) share price has softened a substantial 26% over the previous 30 days, handing back much of the gains the stock has made lately. The recent drop completes a disastrous twelve months for shareholders, who are sitting on a 76% loss during that time.
Following the heavy fall in price, Sunworks' price-to-sales (or "P/S") ratio of 0.3x might make it look like a buy right now compared to the Electrical industry in the United States, where around half of the companies have P/S ratios above 1.9x and even P/S above 5x are quite common. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the reduced P/S.
View our latest analysis for Sunworks