Does Sunrun Inc. (RUN) Have A Cheap Price Or Is It Risky?

The stock of Sunrun Inc. (NASDAQ:RUN) decreased by decreased by -$1.27 on Friday to finish at $51.69, down -2.40 percent. The last five days have seen an average of 4,704,860 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$17.69. The average number of shares traded over the last 20 days was 5,616,150, while the average volume over the last 50 days totaled 5,595,182.

RUN stock appreciated 16.00% since last month. On 10/06/21, the company’s shares reached a one-month low of $39.94. The stock touched a high of $100.93 on 01/12/21, after rallying from a low of $37.42 in 52 weeks. The price of RUN stock has declined by -25.50% or -$17.69 this year, reaching a new high 7 times. Still, the stock price is down -48.79% from the 52-week high.


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Insider Transactions

There have been 12 days since Sunrun Inc. (RUN) last reported insider trading activity on Oct 13. On Oct 13, General Counsel STEELE JEANNA sold 454 shares at $50.00 each. This transaction resulted in the insider making $22,700. On Sep 23, STEELE JEANNA sold 2,891 shares at a price of US$45.33. After the transaction, the insider now owns 105,243 shares. Co-Executive Chair Fenster Edward Harris had earlier sold 5,815 shares on Sep 22 for $43.08 a share. The transaction was completed for $250,510.

Valuation Metrics

The PE ratio of Sunrun Inc. has varied between 1999.25 and 5.028 in the last five years. Beta for the stock is 2.03. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 8.61, the price-to-book (PB) ratio of 1.72.

For the three months ended June 29, Sunrun Inc.’s quick ratio was 0.90, while its current ratio was 1.20, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.86, and the total debt to equity ratio is 0.91. As far as profitability goes, gross margin for the trailing twelve months is 17.10% percent. Sunrun Inc.’s EBITDA margin for the year ended June 29 was -14.79%, whereas its operating margin stood at -50.50% for the same period. Based on annual data, it had gross profit of -$465.11 million and revenue of $922.19 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. RUN’s return on assets (ROA) during the last 12 months has been -1.50%. There was a -3.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -4.10%. ROE has averaged -0.25 in the past year for the broader industry.

Earnings Surprise

According to Sunrun Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $401.17 million, while revenues rose by 54.81% to $334.79 million. It was predicted that Sunrun Inc.’s quarterly earnings would be -$0.2, but it ended up being -$0.08. EBITDA was -$46.58 million for the quarter. At the end of Sunrun Inc.’s most recent quarter ended June 29, its liabilities totaled 8.54 billion, while its total debt was $6.22 billion. Equity owned by shareholders amounts to $205.93 million.

Technical Picture

Here’s a quick look at Sunrun Inc.’s (RUN) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 67.18%, suggesting the stock is Neutral, with a 50.92% historical volatility rate.

The stochastic %K and %D were 90.51% and 89.51% respectively, while the average true range (ATR) was 2.52. Based on the 14-day stochastic reading of 85.49%, the RSI (14) reading is 63.51%. On the 9-day MACD Oscillator, the stock is at 1.77, and the 14-day reading is at 4.45.

Analyst Ratings

In its analyst report released on October 01, 2021, BMO Capital Markets began covering Sunrun Inc. (NASDAQ: RUN). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned Sunrun Inc. (RUN) an Buy rating. RUN is a stock that is recommended for selling by 1 brokerage firm, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 17 others recommend it as a buy.

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

The current consensus forecast for the stock is between $28.10 and $91.00, with a median target price of $76.00. In analyzing these forecasts, the average price target given by analysts for Sunrun Inc. (RUN) is $73.53.

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