Tigo Energy (NASDAQ:TYGO) Stock Price Up 1.5% - What's Next?

Tigo Energy, Inc. (NASDAQ:TYGO - Get Free Report) was up 1.5% during trading on Tuesday . The company traded as high as $1.36 and last traded at $1.32. Approximately 79,143 shares changed hands during mid-day trading, an increase of 35% from the average daily volume of 58,732 shares. The stock had previously closed at $1.30.

Tigo Energy Stock Performance

The firm has a 50 day moving average price of $1.15 and a two-hundred day moving average price of $0.99. The company has a market cap of $82.42 million, a P/E ratio of -1.38 and a beta of 0.99.

Tigo Energy (NASDAQ:TYGO - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.02. The firm had revenue of $18.84 million for the quarter, compared to analysts' expectations of $17.56 million. Tigo Energy had a negative return on equity of 257.79% and a negative net margin of 92.37%. On average, sell-side analysts predict that Tigo Energy, Inc. will post -0.43 EPS for the current fiscal 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.