Tigo Energy (NASDAQ:TYGO) Shares Down 5.5%

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TYGO. Roth Mkm raised 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. HC Wainwright lowered their price objective on Tigo Energy from $5.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, Northland Securities cut their target price on Tigo Energy from $4.80 to $4.50 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th.

Tigo Energy Trading Down 5.5 %

The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.05 and a current ratio of 5.37. The business’s 50 day moving average price is $1.38 and its 200-day moving average price is $1.29. The firm has a market cap of $67.44 million, a price-to-earnings ratio of -0.72 and a beta of 0.81.

Tigo Energy (NASDAQ:TYGO) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.02). Tigo Energy had a negative net margin of 17.49% and a negative return on equity of 85.92%. The firm had revenue of $12.70 million during the quarter, compared to the consensus estimate of $13.91 million. During the same period in the prior year, the firm earned $0.14 earnings per share. Equities analysts expect that Tigo Energy, Inc. will post -0.7 EPS for the current year.

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.