The stock of Sunrun Inc. (NASDAQ:RUN) increased by $0.06 on Monday to finish at $13.97, up 0.43 percent. The last five days have seen an average of 7,831,280 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$10.05. The average number of shares traded over the last 20 days was 10,097,215, while the average volume over the last 50 days totaled 9,392,694.
RUN stock dropped -23.79% since last month. On 08/22/23, the company’s shares reached a one-month low of $13.30. The stock touched a high of $39.13 on 01/18/23, after rallying from a low of $13.30 in 52 weeks. The price of RUN stock has declined by -41.84% or -$10.05 this year, reaching a new high 6 times. Still, the stock price is down -64.30% from the 52-week high.
Insider Transactions
RUN stock investors should be aware that Sunrun Inc. (RUN) stock had its last reported insider trading activity 43 days ago on Jul 17. On Jul 17, Director Fenster Edward Harris sold 25,000 shares at $19.92 each. This transaction resulted in the insider making $498,065. On Jul 14, Fenster Edward Harris sold 4,505 shares at a price of US$20.00. After the transaction, the insider now owns 1,258,325 shares. Chief Financial Officer Abajian Danny had earlier sold 539 shares on Jul 06 for $16.02 a share. The transaction was completed for $8,637.
Valuation Metrics
Sunrun Inc. (RUN) has a trailing price-to-earnings (P/E) ratio of 37.86. Beta for the stock is 2.35. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.22, the price-to-book (PB) ratio of 0.46.
Financial Health
For the three months ended June 29, Sunrun Inc.’s quick ratio was 0.90, while its current ratio was 1.50, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.39, and the total debt to equity ratio is 1.47. As far as profitability goes, gross margin for the trailing twelve months is 10.30% percent. Sunrun Inc.’s EBITDA margin for the year ended June 29 was -8.74%, whereas its operating margin stood at -31.40% for the same period. Based on annual data, it had gross profit of -$662.19 million and revenue of $2.32 billion.
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 0.50%. There was a -4.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 1.30%.
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 $590.19 million, while revenues rose by 0.95% to $589.85 million. It was predicted that Sunrun Inc.’s quarterly earnings would be $0.25, but it ended up being -$0.13, beating the consensus by 292.30%. EBITDA was -$79.16 million for the quarter. At the end of Sunrun Inc.’s most recent quarter ended June 29, its liabilities totaled 12.91 billion, while its total debt was $10.02 billion. Equity owned by shareholders amounts to $217.18 million.
Technical Picture
Here’s a quick look at Sunrun Inc.’s (RUN) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 30.46%, suggesting the stock is Neutral, with a 40.04% historical volatility rate.
The stochastic %K and %D were 9.90% and 8.80% respectively, while the average true range (ATR) was 0.91. Based on the 14-day stochastic reading of 12.84%, the RSI (14) reading is 32.89%. On the 9-day MACD Oscillator, the stock is at -0.26, and the 14-day reading is at -1.24.
Analyst Ratings
In its most recent analyst report, Janney raised its rating on Sunrun Inc. (NASDAQ: RUN) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Sunrun Inc. (RUN) an Overweight rating. RUN is a stock that is recommended for selling by 1 brokerage firm, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 20 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 $12.74 and $60.00, with a median target price of $31.50. In analyzing these forecasts, the average price target given by analysts for Sunrun Inc. (RUN) is $33.96.
