Anson Funds Management LP has recently announced that it has increased stake in iSun Inc (NASDAQ:ISUN) by 400.15%. After grabbing 0.9 million shares, the institutional investor is now in possession of 0.72 million shares of the Technology Company. The new investment brought the stake of investor firm to 2.72% having worth around $0.16 million. Moreover, Commonwealth Equity Services LLC increased its share by 0.45 million to have a control over 0.55 million shares. And Geode Capital Management LLC raised its holdings to 0.11 million shares by acquiring 0.17 million shares or 0.52% of the stake.
iSun Inc (ISUN) concluded trading on 12/14/23 at a closing price of $0.24, with 6.63 million shares of worth about $1.59 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -55.31% during that period and on Thursday the price saw a gain of about 35.31%. Currently the company’s common shares owned by public are about 37.54M shares, out of which, 33.32M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 63 times over the past 12 months. They bought 730,010 shares in 31 of the transactions. In 32 selling transactions, insiders dumped 7,250 shares.
Vanguard Total Stock Market ETF, Fidelity Extended Market Index Fu, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in iSun Inc Vanguard Total Stock Market ETF is currently holding 0.24 million shares of worth totaling $41905.0. The company recently came buying 0.0 shares which brought its stake up to 0.73% of the company’s outstanding shares. Vanguard Extended Market Index Fu, after buying 97573.0 shares, have now control over 0.30% of the stake in the company. It holds 0.0 shares of worth $16880.0.
However, the stock later moved at a day high price of 0.2612, or with a gain of 35.31%. Stock saw a price change of 17.74% in past 5 days and over the past one month there was a price change of 47.68%. Year-to-date (YTD), ISUN shares are showing a performance of -81.93% which decreased to -81.51% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.13 but also hit the highest price of $2.18 during that period. The average intraday trading volume for iSun Inc shares is 1.31 million. The stock is currently trading 36.79% above its 20-day simple moving average (SMA20), while that difference is up 27.76% for SMA50 and it goes to -48.61% lower than SMA200.
Anson Funds Management LP acquired 0.9 million shares of iSun Inc having value of about $0.16 million. Data submitted at the U.S SEC by Anson Funds Management LP revealed that the firm now holds 0.72 million shares in the company valued at close to $172386.96, or have control over 400.15% stake in the company. iSun Inc (NASDAQ: ISUN) currently have 37.54M outstanding shares and institutions hold larger chunk of about 8.42% of that. Holding of mutual funds in the company is about 8.02% while other institutional holders and individual stake holders have control over 9.44% and 1.63% of the stake respectively.
The stock has a current market capitalization of $9.09M. It has posted earnings per share of -$3.06 in the same period. It has Quick Ratio of 0.78 while making debt-to-equity ratio of 0.71. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ISUN, volatility over the week remained 24.24% while standing at 19.43% over the month.
Analysts are in expectations that iSun Inc (ISUN) stock would likely to be making an EPS of -$0.04 in the current quarter, while forecast for next quarter EPS is -$0.04 and it is -$0.1 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.06 which is -$0.03 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.12 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -1.82% while it is estimated to increase by 76.08% in next year.
