Is SUUN a good buy?


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SolarBank's financial health and market position suggest caution. Here's why:
- Recent Performance: The stock has experienced a significant decline, with a recent percentage change of -6.35%1. This recent volatility could indicate market uncertainty or specific company news driving the price down.
SUUN Trend
- Financial Health Concerns: The company's financials show a substantial net loss of $6.65 million and a negative diluted EPS2. These figures are red flags for investors, suggesting the company may be struggling financially.
SUUN Total Revenue, Net Income...
- Growth Rates: The revenue growth rate is -16.57%, which is negative and indicates a decline in revenue3. Additionally, the net income growth rate is -642.8%, which is also negative and suggests a severe decline in profitability3. These growth rates are concerning for investors looking for growth opportunities.
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SUUN Total Revenue YoY, Total Revenue
- Valuation Metrics: The P/E ratio is 37.97, which is relatively high and could suggest that the stock is overvalued4. The Price to Book Ratio is 9.69, and the Price to Sales Ratio is 2.72, both of which are on the higher end and could indicate a need for caution4.
- Technical Indicators: The Moving Average Convergence Divergence (MACD) is -0.05, which could suggest a bearish trend5. The Relative Strength Index (RSI) is 30.68, which is close to the oversold threshold of 30 and could indicate that the stock is currently undervalued from a momentum perspective5. However, the KDJ indicator is -15.21, which is quite low and could suggest a lack of buying momentum5.
SUUN Trend
- Market Sentiment: The net fund flow is out of the stock at $64,442.746, which could indicate that investors are selling the stock. Additionally, the lack of analyst consensus and price target data7 may suggest a lack of confidence from analysts, which could be a red flag for investors.
SUUN Net Fund Flow, Net Fund Flow (Block Order)
- Strategic Developments: While the company has announced several solar energy projects, including the Grandview project in Pennsylvania and the Silver Springs project in New York89, these projects may not immediately impact the financials and could be several years out before they contribute significantly to revenue.
In conclusion, while the company is involved in growing sectors and has announced projects that could be beneficial in the long term, the current financial and market indicators suggest that SUUN may not be an attractive buy at this moment. Investors should consider the high valuation metrics, negative growth rates, and lack of positive analyst sentiment before making a decision. It's also important to note that the company's financial health may not improve in the short term, given the negative net income and revenue figures.
Source:
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SUUN Closing Price, Percentage Change
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