In last trading session, Sunlight Financial Holdings Inc. (NYSE:SUNL) saw 0.16 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $1.56 trading at $0.01 or 0.65% at ring of the bell on the day assigns it a market valuation of $226.15M. That closing price of SUNL’s stock is at a discount of -265.38% from its 52-week high price of $5.70 and is indicating a premium of 38.46% from its 52-week low price of $0.96. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.54 million shares which gives us an average trading volume of 971.23K if we extend that period to 3-months.
Sunlight Financial Holdings Inc. (NYSE:SUNL) trade information
Upright in the green during last session for gaining 0.65%, in the last five days SUNL remained trading in the red while hitting it’s week-highest on Friday, 11/18/22 when the stock touched $1.56 price level, adding 8.24% to its value on the day. Sunlight Financial Holdings Inc.’s shares saw a change of -67.36% in year-to-date performance and have moved -1.27% in past 5-day. Sunlight Financial Holdings Inc. (NYSE:SUNL) showed a performance of 38.05% in past 30-days. Number of shares sold short was 3.26 million shares which calculate 1.86 days to cover the short interests.
Sunlight Financial Holdings Inc. (SUNL) estimates and forecasts
Statistics highlight that Sunlight Financial Holdings Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -63.55% of value to its shares in past 6 months, showing an annual growth rate of -525.81% while that of industry is 13.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -30.80% in the current quarter and calculating -87.50% decrease in the next quarter. This year revenue growth is estimated to rise 3.20% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $30.44 million for the same. And 3 analysts are in estimates of company making revenue of $31.69 million in the next quarter that will end on Dec 2022.
Sunlight Financial Holdings Inc. is more likely to be releasing its next quarterly report between November 14 and November 18 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Sunlight Financial Holdings Inc. (NYSE:SUNL)’s Major holders
Insiders are in possession of 20.67% of company’s total shares while institution are holding 77.98 percent of that, with stock having share float percentage of 98.30%. Investors also watch the number of corporate investors in a company very closely, which is 77.98% institutions for Sunlight Financial Holdings Inc. that are currently holding shares of the company. Apollo Management Holdings, L.P. is the top institutional holder at SUNL for having 7.34 million shares of worth $21.64 million. And as of Jun 29, 2022, it was holding 8.81% of the company’s outstanding shares.
The second largest institutional holder is Invesco Ltd., which was holding about 3.96 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 4.75% of outstanding shares, having a total worth of $11.68 million.
On the other hand, Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and Neuberger & Berman Long Short Fd are the top two Mutual Funds which own company’s shares. As of Sep 29, 2022, the former fund manager was holding 5.2 million shares of worth $6.44 million or 6.24% of the total outstanding shares. The later fund manager was in possession of 1.8 million shares on Sep 29, 2022, making its stake of worth around $2.23 million in the company or a holder of 2.16% of company’s stock.