eEnergy Group (LON:EAAS) Trading Down 18.1% – Time to Sell?

eEnergy Group Plc (LON:EAAS – Get Free Report)’s share price traded down 18.1% on Friday . The stock traded as low as GBX 1.90 and last traded at GBX 2.05. Approximately 12,922,745 shares were traded during mid-day trading, an increase of 703% from the average daily volume of 1,608,523 shares. The stock had previously closed at GBX 2.50.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group decreased their price target on eEnergy Group from GBX 12 to GBX 9 and set a “buy” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, eEnergy Group presently has a consensus rating of “Buy” and an average price target of GBX 9.

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eEnergy Group Price Performance

The company has a debt-to-equity ratio of 7,144.44, a current ratio of 0.88 and a quick ratio of 0.99. The company has a market capitalization of £7.40 million, a PE ratio of -2.42 and a beta of 1.15. The stock’s 50 day simple moving average is GBX 3.06 and its 200-day simple moving average is GBX 4.49.

eEnergy Group (LON:EAAS – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported GBX (0.30) earnings per share (EPS) for the quarter. eEnergy Group had a negative return on equity of 1,238.11% and a negative net margin of 9.82%. As a group, equities analysts forecast that eEnergy Group Plc will post 0.4001368 earnings per share for the current fiscal year.

About eEnergy Group

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eEnergy (AIM: EAAS) is a UK-based Energy-as-a-Service (EaaS) provider, funding and delivering energy-saving and energy-generating solutions across multi-site public sector and commercial portfolios-helping customers cut energy waste, reduce operating costs, and improve building resilience with zero upfront cost.

eEnergy delivers four core solutions:
· Reduce: LED lighting and controls
· Generate: Solar PV (rooftop, ground mount, and carport)
· Store: Battery storage (store onsite generation and reduce peak-time import costs)
· Charge: EV charging infrastructure and management

Projects are funded through dedicated third party debt facilities, including up to £100m of project funding via eEnergy’s partnership with Redaptive.

eEnergy’s routes to market include direct sales, public sector frameworks, tenders, and strategic partnerships.

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