iSun Inc. [ISUN] Investment Guide: What You Need to Know


iSun Inc.’s filing revealed that its Executive Vice President Myrick Frederick JR acquired Company’s shares for reported $12186.0 on May 25. In the deal valued at $0.61 per share,20,000 shares were bought. As a result of this transaction, Myrick Frederick JR now holds 744,158 shares worth roughly $ 0.26 million.

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Then, Peck Jeffrey bought 50,000 shares, generating $28,195 in total proceeds. Upon buying the shares at $0.56, the Chief Executive Officer now owns 1,613,055 shares.

Before that, Sullivan John Patrick bought 50,000 shares. iSun Inc. shares valued at $24,410 were divested by the Chief Financial Officer at a price of $0.49 per share. As a result of the transaction, Sullivan John Patrick now holds 188,599 shares, worth roughly $66009.65.

Price Performance Review of ISUN

On Friday, iSun Inc. [NASDAQ:ISUN] saw its stock jump 1.74% to $0.35. On the same session, the stock had its day’s lowest price of $0.3302, but rose to a high of $0.385. Over the last five days, the stock has gained 3.00%. iSun Inc. shares have fallen nearly -73.88% since the year began. Nevertheless, the stocks have fallen -88.18% over the past one year. While a 52-week high of $3.00 was reached on 01/26/23, a 52-week low of $0.28 was recorded on 08/15/23. SMA at 50 days reached $0.3886, while 200 days put it at $0.9796. A total of 0.58 million shares were traded, compared to the trading of 0.33 million shares in the previous session.

Levels Of Support And Resistance For ISUN Stock

The 24-hour chart illustrates a support level at 0.3251, which if violated will result in even more drops to 0.3003. On the upside, there is a resistance level at 0.3799. A further resistance level may holdings at 0.4099. The Relative Strength Index (RSI) on the 14-day chart is 45.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0108, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.08%. Stochastics %K at 64.75% indicates the stock is a holding.

How much short interest is there in iSun Inc.?

A steep rise in short interest was recorded in iSun Inc. stocks on Aug 14, 2023, growing by 30000.0 shares to a total of 1.27 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.24 million shares. There was a rise of 2.36%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.43% of the overall stock float, the days-to-cover ratio (short ratio) rose to 0.88.

iSun Inc. [ISUN] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 339,799 shares, or roughly 1.80% of the outstanding ISUN shares.. Over the last quarter, Renaissance Technologies LLC purchased 93,014 shares of iSun Inc., while Anson Funds Management LP bought 179,504 shares. At present, Millennium Management LLC is holding 169,908 shares valued at $77308.0. Squarepoint OPS LLC owned 124,976 shares of the company at the time of its most recent 13F filing, worth $56864.0.

According to FactSet, iSun Inc.’s share price will average $1.92 in the next year, based on opinions of analysts polled by the firm. This is up nearly 488.24 percent from its previous closing price of $0.34. Analysts expect iSun Inc. stock to reach the higher price of $2.75, while the lowest price estimate is $1.00. However, 3 analysts have rated ISUN stock as a Buy in their predictions for 2023.


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