Tigo Energy (NASDAQ:TYGO) Stock Price Down 5.5%

Tigo Energy, Inc. (NASDAQ:TYGO) was down 5.5% on Friday . The stock traded as low as $1.04 and last traded at $1.12. Approximately 20,932 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 56,461 shares. The stock had previously closed at $1.18.

Analyst Ratings Changes

TYGO has been the topic of several recent research reports. HC Wainwright decreased their price objective on shares of Tigo Energy from $5.00 to $3.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Northland Securities dropped their price objective on shares of Tigo Energy from $4.80 to $4.50 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, Roth Mkm upped their target price on Tigo Energy from $1.40 to $1.50 and gave the company a “neutral” rating in a research note on Thursday, May 16th.

Tigo Energy Stock Down 5.5 %

The firm has a market capitalization of $67.44 million, a PE ratio of -0.72 and a beta of 0.81. The company has a current ratio of 5.37, a quick ratio of 2.05 and a debt-to-equity ratio of 0.81. The firm has a 50-day moving average of $1.38 and a two-hundred day moving average of $1.29.

Tigo Energy (NASDAQ:TYGO) last issued its earnings results on Tuesday, August 6th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.02). The firm had revenue of $12.70 million for the quarter, compared to analysts’ expectations of $13.91 million. Tigo Energy had a negative return on equity of 85.92% and a negative net margin of 17.49%. During the same quarter in the previous year, the firm posted $0.14 EPS. On average, equities research analysts forecast that Tigo Energy, Inc. will post -0.7 EPS for the current year.

Tigo Energy Company Profile

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.