Digging Up the Facts on 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 $2.37, up from yesterday’s close by 189.02%. 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

No amount of research is complete without a bird’s eye view of the financial data. Real Goods Solar, Inc. (RGSE) currently trades with a market capitalization of $17.44 Million.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For RGSE, the company currently has $9.75 Million of cash on the books, which is offset by $1,000 current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $-15.97 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 3.34% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Real Goods Solar, Inc. recorded a 52-week high of $86.40. It is now trading 84.03% off that level. The stock is trading $0.85 its 50-day moving average by -1.52%. 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 +192.59% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 17.36, 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 12.67% with $7.02 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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