Taking a Fresh Look at Real Goods Solar, Inc. (RGSE)

Real Goods Solar, Inc. (RGSE) is an interesting player in the Industrial Goods space, with a focus on General Building Materials. The stock has been active on the tape, currently trading at $1.02, up from yesterday’s close by 19.51%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Real Goods Solar, Inc. (RGSE) currently trades with a market capitalization of $9.43 Million. That value represents a market adjusting for revenues that have been falling by -12.81 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$16.46 Million over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of $0 on a per share basis this quarter. Perhaps, that suggests something about why 2.53% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Real Goods Solar, Inc. recorded a 52-week high of $3.25. It is now trading 2.23% off that level. The stock is trading $1.08 its 50-day moving average by 0.06%. The stock carved out a 52-week low down at $0.60.

In recent action, Real Goods Solar, Inc. (RGSE) has made a move of -7.27% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.41, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 10.79% with $7.82 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of RGSE.

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