Tigo Energy (NASDAQ:TYGO) Trading Down 5.2% – Should You Sell?

Shares of Tigo Energy, Inc. (NASDAQ:TYGO) traded down 5.2% on Monday . The company traded as low as $0.84 and last traded at $0.84. 15,050 shares changed hands during trading, a decline of 92% from the average session volume of 186,794 shares. The stock had previously closed at $0.89.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and issued a $3.00 target price on shares of Tigo Energy in a report on Wednesday, February 12th.

Tigo Energy Stock Performance

The company has a market cap of $52.24 million, a PE ratio of -0.83 and a beta of 0.79. The stock has a 50 day simple moving average of $0.95 and a two-hundred day simple moving average of $1.09. The company has a debt-to-equity ratio of 1.14, a current ratio of 3.96 and a quick ratio of 1.60.

Tigo Energy (NASDAQ:TYGO) last issued its quarterly 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 return on equity of 142.03% and a negative net margin of 116.17%. Equities analysts predict that Tigo Energy, Inc. will post -0.43 EPS for the current year.

Institutional Investors Weigh In On Tigo Energy

An institutional investor recently raised its position in Tigo Energy stock. Geode Capital Management LLC increased its position in shares of Tigo Energy, Inc. (NASDAQ:TYGO) by 166.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 234,893 shares of the company’s stock after purchasing an additional 146,634 shares during the period. Geode Capital Management LLC owned approximately 0.39% of Tigo Energy worth $399,000 as of its most recent SEC filing. Institutional investors and hedge funds own 15.72% of the company’s stock.

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.