After Plunging -31.05% During Past Week, Is SolarBank Corporation (NASDAQ: SUUN) Still A Buy?

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SolarBank Corporation (NASDAQ:SUUN)’s traded shares stood at 0.65 million during the last session, with the company’s beta value hitting -0.71. At the close of trading, the stock’s price was $3.22, to imply a decrease of -27.64% or -$1.23 in intraday trading. The SUUN share’s 52-week high remains $7.50, putting it -132.92% down since that peak but still an impressive 39.44% since price per share fell to its 52-week low of $1.95. The company has a valuation of $102.43M, with an average of 0.25 million shares in intraday trading volume over the past 10 days and average of 204.21K shares over the past 3 months.

SolarBank Corporation (NASDAQ:SUUN) trade information

After registering a -27.64% downside in the last session, SolarBank Corporation (SUUN) has traded red over the past five days. The 5-day price performance for the stock is -31.05%, and -26.82% over 30 days. With these gigs, the year-to-date price performance is 57.07%. Short interest in SolarBank Corporation (NASDAQ:SUUN) saw shorts transact 73169.0 shares and set a 0.19 days time to cover.

SolarBank Corporation (SUUN) estimates and forecasts

The rating firms project that company’s revenue will grow 18.66% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is 20.5M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 29.8M.

SUUN Dividends

SolarBank Corporation has its next earnings report out in April. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

SolarBank Corporation (NASDAQ:SUUN)’s Major holders

SolarBank Corporation insiders hold 31.32% of total outstanding shares, with institutional holders owning 0.29% of the shares at 0.43% float percentage. In total, 0.29% institutions holds shares in the company.