Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
The closing price of Tigo Energy Inc (NASDAQ: TYGO) was $0.97 for the day, up 15.36% from the previous closing price of $0.84. In other words, the price has increased by $15.36 from its previous closing price. On the day, 0.13 million shares were traded. TYGO stock price reached its highest trading level at $0.9734 during the session, while it also had its lowest trading level at $0.805.
Ratios:
Our analysis of TYGO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.60 and its Current Ratio is at 3.96. In the meantime, Its Debt-to-Equity ratio is 1.20 whereas as Long-Term Debt/Eq ratio is at 1.18.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, H.C. Wainwright on February 27, 2024, initiated with a Buy rating and assigned the stock a target price of $5.
On November 09, 2023, ROTH MKM Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $11 to $2.50.
On June 20, 2023, ROTH MKM started tracking the stock assigning a Buy rating and target price of $21.ROTH MKM initiated its Buy rating on June 20, 2023, with a $21 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 11 ’24 when ALON ZVI sold 24,287 shares for $1.23 per share. The transaction valued at 29,953 led to the insider holds 232,773 shares of the business.
ALON ZVI sold 18,083 shares of TYGO for $22,803 on Mar 08 ’24. The Chief Executive Officer now owns 257,060 shares after completing the transaction at $1.26 per share. On Mar 07 ’24, another insider, ALON ZVI, who serves as the Chief Executive Officer of the company, sold 15,770 shares for $1.33 each. As a result, the insider received 20,969 and left with 275,143 shares of the company.
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 58860352 and an Enterprise Value of 79537120. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.28 while its Price-to-Book (P/B) ratio in mrq is 1.76. Its current Enterprise Value per Revenue stands at 1.73 whereas that against EBITDA is -1.968.
Stock Price History:
Over the past 52 weeks, TYGO has reached a high of $2.12, while it has fallen to a 52-week low of $0.76. The 50-Day Moving Average of the stock is 1.81%, while the 200-Day Moving Average is calculated to be -21.82%.
Shares Statistics:
TYGO traded an average of 118.17K shares per day over the past three months and 607470 shares per day over the past ten days. A total of 60.74M shares are outstanding, with a floating share count of 29.08M. Insiders hold about 52.12% of the company’s shares, while institutions hold 15.25% stake in the company. Shares short for TYGO as of 1735603200 were 60957 with a Short Ratio of 0.52, compared to 1732838400 on 84545. Therefore, it implies a Short% of Shares Outstanding of 60957 and a Short% of Float of 0.22999999999999998.
