Is It Worthwhile For Investors To Follow These Insider Trades On Sunrun Inc. (RUN)?

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Sunrun Inc. (NASDAQ:RUN) finished Thursday with a subtraction of -$1.85 to close at $32.50, a downside of -5.39 percent. An average of 6,477,000 shares of common stock have been traded in the last five days. There was a fall of -$4.86 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 6,299,170 shares traded, while the 50-day average volume stands at 8,174,998.

RUN stock has increased by 3.14% in the last month. The company shares reached their 1-month lowest point of $30.82 on 09/02/22. With the stock rallying to its 52-week high on 09/15/22, shares of the company touched a low of $16.80 and a high of $60.60 in 52 weeks. It has reached a new high 6 times so far this year and lost -5.25% or -$1.80 in price. In spite of this, the price is down -46.37% from the 52-week high.


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Insider Transactions

4 days have passed since Sunrun Inc. (RUN) last reported insider trading activity. Jurich Lynn Michelle, who is Director, most recently acquired $3,993 shares at $37.04 per share on Sep 19. In this transaction, the insider spent $147,889. Chief Accounting Officer, Philpot Michelle, disposed of 400 shares at a price of $37.04 on Sep 19. The insider now owns more than $14,815 worth of shares. Prior to that, Chief Legal & People Officer STEELE JEANNA went on to Sale 799 shares at $37.03 each on Sep 19. An amount of $29,588 was transacted.

Valuation Metrics

Sunrun Inc. (RUN) stock’s beta is 2.25. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.55, the price-to-book (PB) ratio at 1.08.

Financial Health

The quick ratio of Sunrun Inc. for the three months ended March 30 was 1.20, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.17 and a total debt to equity ratio of 1.20 for the quarter ending March 30. Its gross profit as reported stood at -$666.19 million compared to revenue of $1.61 billion.

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 -0.70%.

Earnings Surprise

For the three-month period that ended March 30, Sunrun Inc. had $550.97 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$12.43 million in the quarter, while revenues of -$87.78 million were shrunk -231.78%. The analyst consensus anticipated Sunrun Inc.’s latest quarter earnings to come in at -$0.17 per share, but it turned out to be -$0.42, a -147.10% surprise. For the quarter, EBITDA amounted to -$48.18 million. Shareholders own equity worth $212.1 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 22 September was 34.44%, suggesting the stock is Neutral, with historical volatility in this time frame at 45.08%.

As of today, RUN’s price is $35.08 -13.01% or -$4.86 from its 5-day moving average. RUN is currently trading -3.85% lower than its 20-day SMA and +62.66% higher than its 100-day SMA. However, the stock’s current price level is +29.02% above the SMA50 and -19.45% below the SMA200.

The stochastic %K and %D were 35.34% and 51.18%, respectively, and the average true range (ATR) was 2.40. With the 14-day stochastic at 20.22% and the average true range at 2.39, the RSI (14) stands at 42.99%. The stock has reached -2.60 on the 9-day MACD Oscillator while the 14-day reading was at -2.31.

Analyst Ratings

Barclays launched coverage on Sunrun Inc. (NASDAQ: RUN) in its analyst report released on August 05, 2022. The firm assigned the stock an Overweight rating. The consensus rating for Sunrun Inc. (RUN) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell RUN, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 15 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 $30.00 and $79.00, with a median target of $47.00. Taking a look at these predictions, the average price target given by analysts for Sunrun Inc. (RUN) stock is $50.02.

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