Sunlight Financial Holdings Inc. (SUNL): What Does Valuation Ratios Tell Us?

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Sunlight Financial Holdings Inc. (NYSE:SUNL) saw an upside of 3.60% to close Tuesday at $1.15 after adding $0.04 on the day. The 5-day average trading volume is 1,915,780 shares of the company’s common stock. It has gained $2.0600 in the past week and touched a new high 1 time within the past 5 days. An average of 744,435 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 583,104.

SUNL’s 1-month performance is -29.88% or -$0.4900 on its low of $0.9829 reached on 12/22/22. The company’s shares have touched a 52-week low of $0.96 and high of $5.70, with the stock’s rally to the 52-week high happening on 03/18/22. YTD, SUNL has lost -75.94% or -$3.6300 and has reached a new high 4 times. However, the current price is down -79.82% from the 52-week high price.


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Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.20 while the price-to-book (PB) in the most recent quarter is 0.34, with the price to cash flow ratio at 9.17.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.07, while the total debt to equity was 0.07.. In terms of profitability, the gross margin trailing 12 months is 82.80%. The firm’s gross profit as reported stood at $94.31 million against revenue of $114.74 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 95.71% to -$264.06 million, while revenue of $4.12 million was 101.56% off the previous quarter. Analysts expected SUNL to announce $0.04 per share in earnings in its latest quarter, but it posted $0.01, representing a -75.00% surprise. EBITDA for the quarter stood at more than -$32.55 million. SUNL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 109.42 million, with total debt at $28.21 million. Shareholders hold equity totaling $129.32 million.

Let’s look briefly at Sunlight Financial Holdings Inc. (SUNL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 27 December was 28.36% to suggest the stock is trending oversold, with historical volatility in this time period at 222.78%.

The stock’s 5-day moving average is $1.3780, reflecting a -39.15% or -$0.7400 change from its current price. SUNL is currently trading -28.57% above its 20-day SMA, -71.67% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +3.60% and SMA200 by-72.94%.

Stochastic %K and %D was 13.04% and 15.51% and the average true range (ATR) pointed at 0.2202. The RSI (14) points at 34.84%, while the 14-day stochastic is at 15.51% with the period’s ATR at 0.1990. The stock’s 9-day MACD Oscillator is pointing at -0.4367 and -0.4764 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Sunlight Financial Holdings Inc. (NYSE: SUNL), ROTH Capital downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for SUNL stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SUNL as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.

What is SUNL’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $1.75 and a high of $4.00, with their median price target at $3.25. Looking at these predictions, the average price target given by analysts is for Sunlight Financial Holdings Inc. (SUNL) stock is $3.00.

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