In yesterday’s Wall Street session, iSun Inc (NASDAQ:ISUN) shares traded at $0.13, down -1.51% from the previous session.
ISUN stock price is now -95.01% away from the 50-day moving average and -96.89% away from the 200-day moving average. The market capitalization of the company currently stands at $6.16M.
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In other news, Meer Claudia Michel, Director sold 4,400 shares of the company’s stock on Sep 18 ’23. The stock was sold for $1,066 at an average price of $0.24. Upon completion of the transaction, the Director now directly owns 118,277 shares in the company, valued at $15376.01. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 18 ’23, Director Meer Claudia Michel sold 2,850 shares of the business’s stock. A total of $691 was realized by selling the stock at an average price of $0.24. This leaves the insider owning 115,427 shares of the company worth $15005.51. A total of 8.91% of the company’s stock is owned by insiders.
During the past 12 months, iSun Inc has had a low of $0.11 and a high of $13.00. As of last week, the company has a debt-to-equity ratio of 1.26, a current ratio of 0.89, and a quick ratio of 0.85. The fifty day moving average price for ISUN is $2.60732 and a two-hundred day moving average price translates $4.17993 for the stock.
The latest earnings results from iSun Inc (NASDAQ: ISUN) was released for 2023-12-31. 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 -$2.82 EPS in the same period last year. The net profit margin was -20.29% and return on equity was -119.83% for ISUN. The company reported revenue of $25.41 million for the quarter, compared to $25.86 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.73 percent. For the current quarter, analysts expect ISUN to generate $17.7M in revenue.
