Technicals Say Sunrun Inc. (RUN) Is A Hold

Sunrun Inc. (NASDAQ:RUN) finished Wednesday with an addition of $0.77 to close at $49.66, an upside of 1.57 percent. An average of 6,589,740 shares of common stock have been traded in the last five days. There was a gain of $8.76 in the past week. The last 20 days have seen an average of 6,013,510 shares traded, while the 50-day average volume stands at 5,538,344.

RUN stock has increased by 11.62% in the last month. The company shares reached their 1-month lowest point of $39.94 on 10/06/21. With the stock rallying to its 52-week high on 01/12/21, shares of the company touched a low of $37.42 and a high of $100.93 in 52 weeks. In spite of this, the price is down -50.80% from the 52-week high.


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Insider Transactions

21 days have passed since Sunrun Inc. (RUN) last reported insider trading activity. STEELE JEANNA, who is General Counsel, most recently acquired $2,891 shares at $45.33 per share on Sep 23. In this transaction, the insider spent $131,049. Chief Operating Officer, Dawson Christopher, disposed of 1,378 shares at a price of $43.08 on Sep 22. The insider now owns more than $59,364 worth of shares. Prior to that, Director Dach Leslie A went on to Sale 13,013 shares at $43.08 each on Sep 22. An amount of $560,600 was transacted.

Valuation Metrics

Sunrun Inc. (RUN) has a trailing price-to-earnings (P/E) ratio of 31.10 for the broader industry and 37.24 for the sector. In the last five years, Sunrun Inc.’s PE ratio has ranged between 1999.25 and 5.028. The stock’s beta is 2.00. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.23, the price-to-book (PB) ratio at 1.65.

The quick ratio of Sunrun Inc. for the three months ended June 29 was 0.90, and the current ratio was 1.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.86 and a total debt to equity ratio of 0.91 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 17.10% against a 5-year average of 21.7%. Sunrun Inc.’s EBITDA margin for the year ending June 29 is -14.79%, while its operating margin for the same period stands at -50.50%. Its gross profit as reported stood at -$465.11 million compared to revenue of $922.19 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Sunrun Inc.’s return on assets was -1.50%, compared to 1.0% over the last five years. In the past year, the return on investment has been -3.70%, and the 5-year average is 6.1%. Meanwhile, the return on equity (ROE) for the past 12 months has been -4.10% and the 5-year average holds at 5.8%. For the broader industry, ROE averaged -0.25 over the past year.

Earnings Surprise

The analyst consensus anticipated Sunrun Inc.’s latest quarter earnings to come in at -$0.08 per share, but it turned out to be -$0.2, a -150.00% surprise. For the quarter, EBITDA amounted to -$46.58 million. Shareholders own equity worth $205.93 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Sunrun Inc. (RUN) price momentum. RSI 9-day as of the close on 13 October was 69.60%, suggesting the stock is Neutral, with historical volatility in this time frame at 73.65%.

As of today, RUN’s price is $46.17 +21.42% or $8.76 from its 5-day moving average. RUN is currently trading +15.95% higher than its 20-day SMA and +8.03% higher than its 100-day SMA. However, the stock’s current price level is -7.33% below the SMA50 and -26.84% below the SMA200.

The stochastic %K and %D were 84.86% and 76.12%, respectively, and the average true range (ATR) was 2.76. With the 14-day stochastic at 84.67% and the average true range at 2.67, the RSI (14) stands at 62.92%. The stock has reached 3.62 on the 9-day MACD Oscillator while the 14-day reading was at 3.95.

Analyst Ratings

BMO Capital Markets launched coverage on Sunrun Inc. (NASDAQ: RUN) in its analyst report released on October 01, 2021. The firm assigned the stock a an Outperform rating.The consensus rating for Sunrun Inc. (RUN) among analysts is Buy. According to current brokerage recommendations, 1 brokerage firm advise that investors sell RUN, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 16 others rate it as a “buy”.

What is RUN’s price target for the next 12 months?

Analysts predict a range of price targets between $35.12 and $91.00, with a median target of $76.00. Taking a look at these predictions, the average price target given by analysts for Sunrun Inc. (RUN) stock is $73.88.

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