The stock of iSun Inc. (NASDAQ:ISUN) decreased by -$0.03 on Tuesday to finish at $0.30, down -8.08 percent. The last five days have seen an average of 1,377,360 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$1.0375. The average number of shares traded over the last 20 days was 1,376,065, while the average volume over the last 50 days totaled 974,452.
ISUN stock dropped -23.22% since last month. On 08/15/23, the company’s shares reached a one-month low of $0.2792. The stock touched a high of $4.98 on 01/26/23, after rallying from a low of $0.30 in 52 weeks. The price of ISUN stock has declined by -77.43% or -$1.0375 this year, reaching a new high 13 times. Still, the stock price is down -93.93% from the 52-week high.
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Insider Transactions
ISUN stock investors should be aware that iSun Inc. (ISUN) stock had its last reported insider trading activity 83 days ago on May 25. On May 25, Executive Vice President Myrick Frederick JR acquired 20,000 shares at $0.61 each. This transaction resulted in the insider spending $12,186. On May 23, Peck Jeffrey added 50,000 shares at a price of US$0.56. After the transaction, the insider now owns 1,613,055 shares. Chief Financial Officer Sullivan John Patrick had earlier bought 50,000 shares on May 22 for $0.49 a share. The transaction was completed for $24,410.
Financial Health
For the three months ended June 29, iSun Inc.’s quick ratio was 0.70, while its current ratio was 0.80, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.37, and the total debt to equity ratio is 0.70. As far as profitability goes, gross margin for the trailing twelve months is 20.80% percent. iSun Inc.’s EBITDA margin for the year ended June 29 was -13.77%, whereas its operating margin stood at -67.00% for the same period. Based on annual data, it had gross profit of $15.97 million and revenue of $76.45 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ISUN’s return on assets (ROA) during the last 12 months has been -65.40%. There was a -158.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -128.80%.
Earnings Surprise
According to iSun Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $24.94 million, while revenues rose by 33.92% to $17.36 million. It was predicted that iSun Inc.’s quarterly earnings would be -$0.13, but it ended up being -$0.12, beating the consensus by -8.30%. EBITDA was -$0.61 million for the quarter. At the end of iSun Inc.’s most recent quarter ended June 29, its liabilities totaled 49.15 million, while its total debt was $20.22 million. Equity owned by shareholders amounts to $30.81 million.
Technical Picture
Here’s a quick look at iSun Inc.’s (ISUN) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 23.18%, suggesting the stock is oversold, with a 100.35% historical volatility rate.
The stochastic %K and %D were 13.03% and 16.38% respectively, while the average true range (ATR) was 0.0472. Based on the 14-day stochastic reading of 9.48%, the RSI (14) reading is 29.34%. On the 9-day MACD Oscillator, the stock is at -0.0352, and the 14-day reading is at -0.0635.
Analyst Ratings
Analysts have assigned iSun Inc. (ISUN) an Buy rating. ISUN is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is ISUN’s price target for the next 12 months?
The current consensus forecast for the stock is between $2.00 and $2.75, with a median target price of $2.00. In analyzing these forecasts, the average price target given by analysts for iSun Inc. (ISUN) is $2.25.
