Tigo Energy (NASDAQ:TYGO – Get Free Report)‘s stock had its “buy” rating reaffirmed by HC Wainwright in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $5.00 price objective on the stock. HC Wainwright’s target price indicates a potential upside of 277.36% from the company’s current price. HC Wainwright also issued estimates for Tigo Energy’s Q2 2024 earnings at ($0.19) EPS, Q3 2024 earnings at ($0.12) EPS, Q4 2024 earnings at $0.02 EPS, FY2024 earnings at ($0.48) EPS, FY2025 earnings at ($0.40) EPS, FY2026 earnings at ($0.09) EPS, FY2027 earnings at $0.08 EPS and FY2028 earnings at $0.23 EPS.
Tigo Energy Stock Down 7.3 %
Shares of NASDAQ:TYGO traded down $0.11 during midday trading on Wednesday, hitting $1.33. 61,302 shares of the company’s stock traded hands, compared to its average volume of 77,381. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.64 and a current ratio of 6.24. The company has a market cap of $79.98 million, a PE ratio of -0.92 and a beta of 0.66. The firm’s fifty day moving average price is $1.08 and its two-hundred day moving average price is $1.58. Tigo Energy has a twelve month low of $0.86 and a twelve month high of $27.00.
Tigo Energy (NASDAQ:TYGO – Get Free Report) last posted its earnings results on Tuesday, May 14th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.01. Tigo Energy had a negative net margin of 18.48% and a negative return on equity of 61.94%. The business had revenue of $9.80 million for the quarter, compared to analyst estimates of $11.22 million. On average, equities research analysts anticipate that Tigo Energy will post -0.53 EPS for the current fiscal year.
Insiders Place Their Bets
Institutional Investors Weigh In On Tigo Energy
A hedge fund recently bought a new stake in Tigo Energy stock. DekaBank Deutsche Girozentrale bought a new stake in Tigo Energy, Inc. (NASDAQ:TYGO – Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 150,000 shares of the company’s stock, valued at approximately $1,052,000. DekaBank Deutsche Girozentrale owned approximately 0.26% of Tigo Energy as of its most recent filing with the SEC. 15.72% of the stock is currently owned by institutional investors.
About Tigo Energy
Tigo Energy, Inc provides solar and energy storage solutions for the solar industry. It offers module level power electronics (MLPEs) to maximize the energy output of individual solar modules. The company also provides GO Energy Storage Systems that provide solar energy storage management capabilities; and Energy Intelligence (EI) platform, which provides monitoring and energy demand forecasting capabilities.
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