The stock of iSun Inc. (ISUN) has gone down by -2.90% for the week, with a -26.59% drop in the past month and a -54.57% drop in the past quarter. The volatility ratio for the week is 19.00%, and the volatility levels for the past 30 days are 11.71% for ISUN. The simple moving average for the past 20 days is -24.09% for ISUN’s stock, with a -73.57% simple moving average for the past 200 days.
Is It Worth Investing in iSun Inc. (NASDAQ: ISUN) Right Now?
There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The average price predicted by analysts for ISUN is $1.92, which is $1.68 above the current price. The public float for ISUN is 27.18M and currently, short sellers hold a 5.09% ratio of that float. The average trading volume of ISUN on September 19, 2023 was 906.47K shares.
ISUN) stock’s latest price update
The stock of iSun Inc. (NASDAQ: ISUN) has decreased by -20.53 when compared to last closing price of 0.30.Despite this, the company has seen a loss of -2.90% in its stock price over the last five trading days. Seeking Alpha reported 2023-08-10 that iSun, Inc. (NASDAQ:ISUN ) Q2 2023 Earnings Call August 10, 2023 8:30 AM ET Company Participants Jeffrey Peck – Chairman and Chief Executive Officer John Sullivan – Chief Financial Officer Conference Call Participants Jeffrey Grampp – Alliance Global Partners Amit Dayal – H.C Wainwright & Co. Noel Parks – Tuohy Brothers Operator Greetings, and welcome to the iSun Energy Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.
ISUN Trading at -33.73% from the 50-Day Moving Average
After a stumble in the market that brought ISUN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -90.58% of loss for the given period.
Volatility was left at 11.71%, however, over the last 30 days, the volatility rate increased by 19.00%, as shares sank -26.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -36.46% lower at present.
During the last 5 trading sessions, ISUN fell by -2.90%, which changed the moving average for the period of 200-days by -85.49% in comparison to the 20-day moving average, which settled at $0.3128. In addition, iSun Inc. saw -82.03% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ISUN starting from Myrick Frederick JR, who purchase 20,000 shares at the price of $0.61 back on May 25. After this action, Myrick Frederick JR now owns 744,158 shares of iSun Inc., valued at $12,186 using the latest closing price.
Peck Jeffrey, the Chief Executive Officer of iSun Inc., purchase 50,000 shares at $0.56 during a trade that took place back on May 23, which means that Peck Jeffrey is holding 1,613,055 shares at $28,195 based on the most recent closing price.
Stock Fundamentals for ISUN
Current profitability levels for the company are sitting at:
- -23.88 for the present operating margin
- +11.64 for the gross margin
The net margin for iSun Inc. stands at -70.34. The total capital return value is set at -31.38, while invested capital returns managed to touch -108.39. Equity return is now at value -166.30, with -67.00 for asset returns.
Based on iSun Inc. (ISUN), the company’s capital structure generated 108.36 points at debt to equity in total, while total debt to capital is 52.01. Total debt to assets is 28.70, with long-term debt to equity ratio resting at 77.45. Finally, the long-term debt to capital ratio is 37.17.
When we switch over and look at the enterprise to sales, we see a ratio of 0.29, with the company’s debt to enterprise value settled at 0.61. The receivables turnover for the company is 4.44 and the total asset turnover is 0.83. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.85.
Conclusion
In conclusion, iSun Inc. (ISUN) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
