SolarBank Corporation (NASDAQ: SUUN) has experienced a decline in its stock price by -8.45 compared to its previous closing price of 4.92. However, the company has seen a gain of 4.65% in its stock price over the last five trading days. prnewswire.com reported 2024-09-30 that 217% increase in revenues to $58. 4 million of revenue for the fiscal year 2024 compared to $18.4 million in fiscal year 2023 This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated May 23, 2024 to its short form base shelf prospectus dated May 2, 2023 TORONTO, Sept.
Is It Worth Investing in SolarBank Corporation (NASDAQ: SUUN) Right Now?
SolarBank Corporation (NASDAQ: SUUN) has a price-to-earnings ratio that is above its average at 57.40x. The stock has a 36-month beta value of -0.37.
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The public float for SUUN is 18.61M, and at present, short sellers hold a 0.04% of that float. On October 01, 2024, the average trading volume of SUUN was 49.67K shares.
SUUN’s Market Performance
The stock of SolarBank Corporation (SUUN) has seen a 4.65% increase in the past week, with a 8.17% rise in the past month, and a -24.50% fall in the past quarter. The volatility ratio for the week is 9.02%, and the volatility levels for the past 30 days are at 6.99% for SUUN. The simple moving average for the past 20 days is 10.69% for SUUN’s stock, with a -14.32% simple moving average for the past 200 days.
SUUN Trading at -0.70% from the 50-Day Moving Average
After a stumble in the market that brought SUUN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -40.00% of loss for the given period.
Volatility was left at 6.99%, however, over the last 30 days, the volatility rate increased by 9.02%, as shares surge +9.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.97% lower at present.
During the last 5 trading sessions, SUUN rose by +4.65%, which changed the moving average for the period of 200-days by +0.67% in comparison to the 20-day moving average, which settled at $4.08. In addition, SolarBank Corporation saw -4.05% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SUUN
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.18 for the gross margin
The net margin for SolarBank Corporation stands at 0.07. The total capital return value is set at 0.2. Equity return is now at value 20.95, with 14.42 for asset returns.
Based on SolarBank Corporation (SUUN), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at 2.44. The debt to equity ratio resting at 0.15. The interest coverage ratio of the stock is 16.34.
Currently, EBITDA for the company is -1.91 million with net debt to EBITDA at -0.26. When we switch over and look at the enterprise to sales, we see a ratio of 4.13. The receivables turnover for the company is 15.09for trailing twelve months and the total asset turnover is 1.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.15.
Conclusion
To sum up, SolarBank Corporation (SUUN) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
