Tigo Energy (NASDAQ:TYGO) Shares Up 1.5% - Should You Buy?

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

Tigo Energy Trading Up 1.6%

The stock's 50-day moving average is $1.17 and its 200-day moving average is $0.99. The firm has a market capitalization of $80.63 million, a price-to-earnings ratio of -1.35 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 (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.02. Tigo Energy had a negative net margin of 92.37% and a negative return on equity of 257.79%. The firm had revenue of $18.84 million during the quarter, compared to the consensus estimate of $17.56 million. On average, equities research analysts anticipate that Tigo Energy, Inc. will post -0.43 EPS for the current fiscal year.

Tigo Energy Company Profile

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.