Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
In the latest session, Tigo Energy Inc (NASDAQ: TYGO) closed at $1.5 up 0.67% from its previous closing price of $1.49. In other words, the price has increased by $0.67 from its previous closing price. On the day, 0.54 million shares were traded. TYGO stock price reached its highest trading level at $1.545 during the session, while it also had its lowest trading level at $1.415.
Ratios:
For a deeper understanding of Tigo Energy Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.72. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 1.03. In the meantime, Its Debt-to-Equity ratio is 4.15 whereas as Long-Term Debt/Eq ratio is at 0.17.
On February 27, 2024, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $5.
ROTH MKM Downgraded its Buy to Neutral on November 09, 2023, whereas the target price for the stock was revised from $11 to $2.50.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TYGO now has a Market Capitalization of 105528368 and an Enterprise Value of 115288368. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.16 while its Price-to-Book (P/B) ratio in mrq is 8.65. Its current Enterprise Value per Revenue stands at 1.27 whereas that against EBITDA is -4.166.
Stock Price History:
The Beta on a monthly basis for TYGO is 1.20, which has changed by 0.6874292 over the last 52 weeks, in comparison to a change of 0.16081822 over the same period for the S&P500. Over the past 52 weeks, TYGO has reached a high of $4.50, while it has fallen to a 52-week low of $0.58. The 50-Day Moving Average of the stock is -27.38%, while the 200-Day Moving Average is calculated to be 4.58%.
Shares Statistics:
For the past three months, TYGO has traded an average of 618.12K shares per day and 317110 over the past ten days. A total of 69.48M shares are outstanding, with a floating share count of 38.04M. Insiders hold about 45.93% of the company’s shares, while institutions hold 18.70% stake in the company. Shares short for TYGO as of 1764288000 were 171432 with a Short Ratio of 0.28, compared to 1761868800 on 354785. Therefore, it implies a Short% of Shares Outstanding of 171432 and a Short% of Float of 0.47000000000000003.
Earnings Estimates
The performance of Tigo Energy Inc (TYGO) in the stock market is under the watchful eye of 3.0 analysts actively contributing to its current rating.The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.05 and low estimates of -$0.07.
Analysts are recommending an EPS of between -$0.25 and -$0.26 for the fiscal current year, implying an average EPS of -$0.26. EPS for the following year is -$0.09, with 3.0 analysts recommending between $0.01 and -$0.15.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $30.02M this quarter.It ranges from a high estimate of $30.3M to a low estimate of $29.7M. As of. The current estimate, Tigo Energy Inc’s year-ago sales were $17.27MFor the next quarter, 4 analysts are estimating revenue of $26.27M. There is a high estimate of $27M for the next quarter, whereas the lowest estimate is $25.5M.
A total of 4 analysts have provided revenue estimates for TYGO’s current fiscal year. The highest revenue estimate was $103.9M, while the lowest revenue estimate was $103.2M, resulting in an average revenue estimate of $103.55M. In the same quarter a year ago, actual revenue was $54.01MBased on 4 analysts’ estimates, the company’s revenue will be $125.61M in the next fiscal year. The high estimate is $131.55M and the low estimate is $118.4M.
