Real Goods Solar, Inc. (RGSE): A Stock Investors Are Watching Closely Now

The number of Real Goods Solar, Inc. (NASDAQ:RGSE) shares shorted has fallen by 3,017,146 shares. When looking at a stock for a potential investment, you want to know what percentage of Wall Street is betting against you. That’s what short interest tells you. The most recent short interest data has been released for the November 15th settlement date, which shows a decrease in total short interest for RGSE, to 425,462, a retreat of 87.64% since October 31st. Average daily volume for Real Goods Solar, Inc. at the November 15th settlement jumped to 12,006,744, as compared to 3,927,254 at the October 31st report. That brought days to cover to 1, a 0% decrease from the 1 days to cover recorded at the prior short interest data release. Looking at the experts’ opinion for the RGSE stock we see that the average analyst recommendations at 0 suggests selling these shares.

By watching the trading activity of corporate insiders, it will become easier to get a sense of Real Goods Solar, Inc. (NASDAQ:RGSE)’s prospects. The earliest insider trade took place on 11/16/2018. Fine Alan gathered a total of 85 thousand shares of company at average share price of $0.54. The total for the purchase was set at $45.9 thousand. After this transaction, the CFO account balance stood at 95 thousand shares. The stock lost 0 percent since that insider purchase. On 11/16/2018, Bouska Pavel, Director, purchased 20 thousand shares at a price per share of $0.54. This added 10.8 thousand shares to the insider’s fortune and the stock saw a 0 percent retreat in value since the news became public. This transaction left 20 thousand shares in the Director account. On 11/15/2018, Director Bowles Ian A performed a purchase transaction worth $23 thousand. This purchase at $0.46 each has added 50 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded 17.39 percent increase since the transaction was reported. The insider now is left with 150.01 thousand shares remaining in the account. Lacey Dennis J, who performs the CEO job, bought 150 thousand shares for $55.5 thousand. The acquisition occurred on 11/09/2018 was priced at $0.37 per share. The share price soared 45.95 percent since the reporting date. Lacey Dennis J now left with a stake of 270 thousand RGSE stock worth $170.1 thousand after the insider buying.

Real Goods Solar, Inc. (RGSE) is expected to jump by 217.46 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $2-month high price target. This represents a whopping 217.46 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $2, which represents a return potential of 217.46 percent when compared to the closing price of the stock of $0.63 on Thursday, December 06. The lowest price target for the stock is $2 — slightly more than 217.46 percent from RGSE’s current share price.

The shares are currently floating around the first support level of $0.57. Below this, the next support is placed in the zone of $0.5. Till the time, the RGSE stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 58.89 on daily chart, which may remain a cause for concern. If the price breaks below $0.5 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $0.67 mark may result into a pull-back move towards $0.7 level.

RGSE shares accumulated 0.09 points or 16.01 percent on Thursday to $0.63 with a heavy trade volume of 12.825 million shares. After opening the session at $0.55, the shares went as high as $0.64 and as low as $0.5425, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $48.43 million and now has 77.43 million shares outstanding. Real Goods Solar, Inc. (RGSE) stock has gained 60.02 percent of market value in 21 trading days.

RGSE stock has a trailing 3-year beta of 1.45, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$2.31 a share in the trailing twelve months. The stock’s value has fallen -57.74 percent year to date (YTD) against a decline of -54.34 percent in 12 month’s time. The company’s shares still trade -67.42 percent away from its 1-year high of $1.92 and 108.5 percent up from 52-week low of $0.30. The average consensus rating on the company is 0, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.

Shares of Real Goods Solar, Inc. (RGSE) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry RGSE operates in has an average P/E of 34.39. Its P/E ratio went as low as 0X and as high as 0 over the 5-year span. Further, it is sporting a 3.27 on the Price-to-Sales ratio. Compare this with the industry average P/S of 2.35. -29.5 percent is the gross profit margin for Real Goods Solar, Inc. and operating margin sits at 0 percent. Along with this, the net profit margin is 0 percent.