Stocks of iSun Inc. (NASDAQ:ISUN) traded higher last session on Wall Street, up 8.84% to $0.48.
ISUN stock price is now -0.83% away from the 50-day moving average and -60.37% away from the 200-day moving average. The market capitalization of the company currently stands at $8.30M.
In other news, Myrick Frederick JR, Executive Vice President bought 20,000 shares of the company’s stock on May 25. The stock was bought for $12,186 at an average price of $0.61. Upon completion of the transaction, the Executive Vice President now directly owns 744,158 shares in the company, valued at $0.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 23, Chief Executive Officer Peck Jeffrey bought 50,000 shares of the business’s stock. A total of $28,195 was incurred on buying the stock at an average price of $0.56. This leaves the insider owning 1,613,055 shares of the company worth $0.77 million. A total of 16.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ISUN stock. A new stake in iSun Inc. shares was purchased by CREATIVEONE WEALTH, LLC during the first quarter worth $50,000. MILLENNIUM MANAGEMENT LLC invested $50,000 in shares of ISUN during the first quarter. In the first quarter, RENAISSANCE TECHNOLOGIES LLC acquired a new stake in iSun Inc. valued at approximately $49,000. VIRTU FINANCIAL LLC acquired a new stake in ISUN for approximately $19,000. SQUAREPOINT OPS LLC purchased a new stake in ISUN valued at around $11,000 in the second quarter. In total, there are 36 active investors with 9.50% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $0.4500 for iSun Inc. (NASDAQ: ISUN). During the past 12 months, iSun Inc. has had a low of $0.33 and a high of $4.98. As of last week, the company has a debt-to-equity ratio of 0.70, a current ratio of 0.80, and a quick ratio of 0.70. The fifty day moving average price for ISUN is $0.4813 and a two-hundred day moving average price translates $1.2007 for the stock.
The latest earnings results from iSun Inc. (NASDAQ: ISUN) was released for Mar, 2023. According to the Solar Company, earnings per share came in at -$0.19, beating analysts’ expectations of -$0.2 by 0.01. This compares to -$0.23 EPS in the same period last year. The net profit margin was -68.40% and return on equity was -129.00% for ISUN. The company reported revenue of $17.36 million for the quarter, compared to $15.09 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.06 percent. For the current quarter, analysts expect ISUN to generate $20.33M in revenue.
iSun Inc.(ISUN) Company Profile
iSun, Inc., a solar energy company, provides design, development, engineering, procurement, installation, storage, and electric vehicle infrastructure services for residential, commercial, industrial, and utility customers in the United States. It also provides electrical contracting services; and data and communication services. The company was formerly known as The Peck Company Holdings, Inc. and changed its name to iSun, Inc. in January 2021. iSun, Inc. was founded in 1972 and is headquartered in Williston, Vermont.
