As of Wednesday close, Sunlight Financial Holdings Inc.’s (NYSE:SUNL) stock was down -$0.02, moving down -8.08 percent to $0.15. The average number of shares traded per day over the past five days has been 1,004,260 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.2379 fall in that time frame. In the last twenty days, the average volume was 393,000, while in the previous 50 days, it was 382,714.
Since last month, SUNL stock retreated -61.76%. Shares of the company fell to $0.1470 on 08/16/23, the lowest level in the past month. A 52-week high of $4.00 was reached on 02/16/23 after having rallying from a 52-week low of $0.17. Since the beginning of this year, SUNL’s stock price has dropped by -88.10% or -$1.1365, and marked a new high 11 times. However, the stock has declined by -96.16% since its 52-week high.
Valuation Metrics
The stock’s beta is 2.66. Besides these, the trailing price-to-sales (P/S) ratio of 0.26, the price-to-book (PB) ratio of 0.06, and the price-to-cash flow ratio of 0.63 may also be considered.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.03, and the total debt-to-equity ratio was 0.03. On the profitability front, the trailing twelve-month gross margin is 55.70% percent. Based on annual data, SUNL earned $71.41 million in gross profit and brought in $98.51 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -196.80%. Return on equity (ROE) for the past 12 months was -99.50%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected Sunlight Financial Holdings Inc. to report -$0.03 quarterly earnings, the actual figure was -$0.11 per share, beating the consensus estimate by -266.70%. During the quarter, the company generated -$68.25 million in EBITDA. The liabilities of Sunlight Financial Holdings Inc. were 175.8 million at the end of its most recent quarter ended March 30, and its total debt was $58.4 million. The value of shareholders’ equity is $130.86 million.
Technical Picture
This quick technical analysis looks at Sunlight Financial Holdings Inc.’s (SUNL) price momentum. With a historical volatility rate of 198.10%, the RSI 9-day stood at 12.23% on 16 August.
With respect to its five-day moving average, the current Sunlight Financial Holdings Inc. price is down by -60.78% percent or -$0.2379. At present, SUNL shares trade -65.11% below its 20-day simple moving average and -55.20% percent below its 100-day simple moving average. However, the stock is currently trading approximately -57.36% below its SMA50 and -85.38% below its SMA200.
Stochastic coefficient K was 1.14% and Stochastic coefficient D was 1.91%, while ATR was 0.0566. Given the Stochastic reading of 1.47% for the 14-day period, the RSI (14) reading has been calculated as 20.09%. As of today, the MACD Oscillator reading stands at -0.1316, while the 14-day reading stands at -0.2109.
Analyst Ratings
Sunlight Financial Holdings Inc. downgraded its rating on Sunlight Financial Holdings Inc. (NYSE: SUNL) to a Neutral in a note to investors on January 13, 2023. The analysts firm previously had an Outperform rating on the stock.Sunlight Financial Holdings Inc. (SUNL) has been rated Underweight by analysts. According to 1 brokerage firm, SUNL is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Sunlight Financial Holdings Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $0.40, the current consensus forecast for the stock is $0.30 – $0.75. Based on these forecasts, analysts predict Sunlight Financial Holdings Inc. (SUNL) will achieve an average price target of $0.48.
