Sunlight Financial Holdings Inc. (NYSE:SUNL) went down by -3.05% from its latest closing price compared to the recent 1-year high of $16.66. The company’s stock price has collected -3.64% of loss in the last five trading sessions. Press Release reported on 08/25/21 that Funds Managed by Affiliates of Apollo Global Management Announce $150 Million Equity Commitment to FlexGen Power Systems, Inc.
Is It Worth Investing in Sunlight Financial Holdings Inc. (NYSE :SUNL) Right Now?
Opinions of the stock are interesting as 5 analysts out of 5 who provided ratings for Sunlight Financial Holdings Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $11.40. SUNL currently public float of 38.18M and currently shorts hold a 5.93% ratio of that float. Today, the average trading volume of SUNL was 1.11M shares.
SUNL’s Market Performance
SUNL stocks went down by -3.64% for the week, with a monthly drop of -9.49% and a quarterly performance of -43.78%. The volatility ratio for the week stands at 5.77% while the volatility levels for the past 30 days are set at 6.61% for Sunlight Financial Holdings Inc.. The simple moving average for the period of the last 20 days is -10.41% for SUNL stocks with a simple moving average of -48.60% for the last 200 days.
Analysts’ Opinion of SUNL
Many brokerage firms have already submitted their reports for SUNL stocks, with Piper Sandler repeating the rating for SUNL by listing it as a “Overweight.” The predicted price for SUNL in the upcoming period, according to Piper Sandler is $6 based on the research report published on October 04th of the current year 2021.
Credit Suisse, on the other hand, stated in their research note that they expect to see SUNL reach a price target of $9. The rating they have provided for SUNL stocks is “Outperform” according to the report published on October 04th, 2021.
SUNL Trading at -20.54% from the 50-Day Moving Average
After a stumble in the market that brought SUNL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -71.37% of loss for the given period.
Volatility was left at 6.61%, however, over the last 30 days, the volatility rate increased by 5.77%, as shares sank -12.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -42.18% lower at present.
During the last 5 trading sessions, SUNL fell by -3.64%, in comparison to the 20-day moving average, which settled at $5.29. In addition, Sunlight Financial Holdings Inc. saw -57.07% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SUNL
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.64.