Pineapple Energy Inc (NASDAQ:PEGY) shares traded 46.04% higher at $0.26 on Wall Street last session.
PEGY stock price is now 247.11% away from the 50-day moving average and -48.03% away from the 200-day moving average. The market capitalization of the company currently stands at $24.95M.
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In other news, NORTHERN PACIFIC GROWTH INVEST, 10% Owner sold 2,488 shares of the company’s stock on Nov 20 ’23. The stock was sold for $1,518 at an average price of $0.61. Upon completion of the transaction, the 10% Owner now directly owns 1,125,418 shares in the company, valued at $0.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 17 ’23, 10% Owner NORTHERN PACIFIC GROWTH INVEST sold 4,600 shares of the business’s stock. A total of $2,839 was realized by selling the stock at an average price of $0.62. This leaves the insider owning 1,127,906 shares of the company worth $0.29 million. A total of 4.68% of the company’s stock is owned by insiders.
During the past 12 months, Pineapple Energy Inc has had a low of $0.04 and a high of $1.53. As of last week, the company has a debt-to-equity ratio of 1.61, a current ratio of 0.63, and a quick ratio of 0.49. The fifty day moving average price for PEGY is $0.075 and a two-hundred day moving average price translates $0.5006 for the stock.
The latest earnings results from Pineapple Energy Inc (NASDAQ: PEGY) was released for 2024-03-31. According to the Solar Company, earnings per share came in at -0.03, beating analysts’ expectations of -0.05 by 0.02. This compares to $0.00 EPS in the same period last year. The net profit margin was -22.18% and return on equity was -16.89% for PEGY. The company reported revenue of $13.22 million for the quarter, compared to $22.07 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -40.09 percent. For the current quarter, analysts expect PEGY to generate $20.9M in revenue.
