Tigo Energy (NASDAQ:TYGO - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at HC Wainwright in a report released on Wednesday,Benzinga reports. They currently have a $3.00 target price on the stock. HC Wainwright's target price would suggest a potential upside of 194.12% from the company's current price. HC Wainwright also issued estimates for Tigo Energy's FY2029 earnings at $0.14 EPS.
Tigo Energy Trading Down 1.9 %
Shares of NASDAQ TYGO traded down $0.02 during midday trading on Wednesday, reaching $1.02. The company had a trading volume of 58,765 shares, compared to its average volume of 123,883. Tigo Energy has a one year low of $0.76 and a one year high of $2.12. The company has a quick ratio of 1.60, a current ratio of 3.96 and a debt-to-equity ratio of 1.14. The firm's fifty day moving average price is $0.95 and its 200-day moving average price is $1.14. The stock has a market cap of $61.95 million, a PE ratio of -1.20 and a beta of 0.77.
Tigo Energy (NASDAQ:TYGO - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported ($0.44) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.29). Tigo Energy had a negative net margin of 110.29% and a negative return on equity of 103.85%. On average, equities research analysts anticipate that Tigo Energy will post -0.78 earnings per share for the current year.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Tigo Energy stock. Geode Capital Management LLC boosted its holdings in shares of Tigo Energy, Inc. (NASDAQ:TYGO - Free Report) by 166.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 234,893 shares of the company's stock after purchasing an additional 146,634 shares during the period. Geode Capital Management LLC owned about 0.39% of Tigo Energy worth $399,000 at the end of the most recent reporting period. 15.72% of the stock is owned by institutional investors and hedge funds.
About Tigo Energy
(
Get Free Report)
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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