iSun Inc (NASDAQ: ISUN) stock fell -1.21% on Monday to $0.14 against a previous-day closing price of $0.14. With 1.01 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.64 million shares. During the session, the Solar company that operates in wider Technology sector, reached to the highest price of $0.1475 whereas the lowest price it dropped to was $0.1390. The 52-week range on ISUN shows that it touched its highest point at $2.18 and its lowest point at $0.14 during that stretch. It currently has a 1-year price target of $1.75.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ISUN was down-trending over the past week, with a drop of -23.08%, but this was down by -29.66% over a month. Three-month performance dropped to -59.12% while six-month performance fell -71.75%. The stock lost -92.61% in the past year, while it has lost -89.63% so far this year. A look at the trailing 12-month EPS for ISUN yields -3.06 with Next year EPS estimates of -0.10. For the next quarter, that number is -0.04. This implies an EPS growth rate of -1.82% for this year and 76.08% for next year.
Float and Shares Shorts:
At present, 37.54 million ISUN shares are outstanding with a float of 32.75 million shares on hand for trading. On Oct 30, 2023, short shares totaled 0.56 million, which was 1.70% higher than short shares on Sep 28, 2023. In addition to SUN as the firm’s Sunoco LP, ISUN serves as its iSun, Inc..
Institutional Ownership:
Through their ownership of 13.37% of ISUN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.11% of ISUN, in contrast to 10.72% held by mutual funds. Shares owned by individuals account for 1.65%. As the largest shareholder in ISUN with 2.72% of the stake, Anson Funds Management LP holds 897,783 shares worth 897,783. A second-largest stockholder of ISUN, Commonwealth Equity Services LLC, holds 551,600 shares, controlling over 1.67% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in ISUN, holding 339,799 shares or 1.03% stake. With a 0.73% stake in ISUN, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 242,226 shares are owned by the mutual fund manager. The Fidelity Extended Market Index Fu, which owns about 0.43% of ISUN stock, is the second-largest Mutual Fund holder. It holds 141,435 shares valued at 24468.0. Vanguard Extended Market Index Fu holds 0.30% of the stake in ISUN, owning 97,573 shares worth 16880.0.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ISUN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ISUN analysts setting a high price target of $2.75 and a low target of $0.50, the average target price over the next 12 months is $1.75. Based on these targets, ISUN could surge 1864.29% to reach the target high and rise by 257.14% to reach the target low. Reaching the average price target will result in a growth of 1150.0% from current levels.
Summary of Insider Activity:
Insiders traded ISUN stock several times over the past three months with 0 Buys and 32 Sells. In these transactions, 0 shares were bought while 7,250 shares were sold. The number of buy transactions has increased to 33 while that of sell transactions has risen to 32 over the past year. The total number of shares bought during that period was 808,127 while 7,250 shares were sold.
