As of Thursday close, Sunrun Inc.’s (NASDAQ:RUN) stock was up $0.2, moving up 1.30 percent to $15.63. The average number of shares traded per day over the past five days has been 8,896,640 shares. 4 times new highs have been achieved over the past 5 days, with a $2.06 gain in that time frame. In the last twenty days, the average volume was 9,408,470, while in the previous 50 days, it was 9,526,968.
Since last month, RUN stock retreated -12.39%. Shares of the company fell to $13.30 on 08/22/23, the lowest level in the past month. A 52-week high of $39.13 was reached on 01/18/23 after having rallying from a 52-week low of $13.30. Since the beginning of this year, RUN’s stock price has dropped by -34.93% or -$8.39, and marked a new high 6 times. However, the stock has declined by -60.06% since its 52-week high.
RUN stock investors should be aware that Sunrun Inc. (RUN) stock had its last reported insider trading activity 46 days ago on Jul 17. Fenster Edward Harris, the Director of the company, disposed of 25,000 shares for $19.92 on Jul 17. It resulted in a $498,065 divestment by the insider. Fenster Edward Harris sold 4,505 shares at an average price of $20.00 on Jul 14. The insider now owns 1,258,325 shares following the transaction. On Jul 06, Chief Financial Officer Abajian Danny sold 539 shares at $16.02 apiece. The transaction was valued at $8,637.
Valuation Metrics
Right now, Sunrun Inc. (RUN) has a P/E ratio of about 42.36. The stock’s beta is 2.32. Besides these, the trailing price-to-sales (P/S) ratio of 1.37, the price-to-book (PB) ratio of 0.51.
Financial Health
In the three months ended June 29, Sunrun Inc.’s quick ratio stood at 0.90, while its current ratio was 1.50, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.39, and the total debt-to-equity ratio was 1.47. On the profitability front, the trailing twelve-month gross margin is 10.30% percent. In the year ended June 29, EBITDA margin amounted to -8.74%, whereas operating margins totaled -31.40%. Based on annual data, RUN earned -$662.19 million in gross profit and brought in $2.32 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -4.40%. Return on equity (ROE) for the past 12 months was 1.30%.
In Sunrun Inc.’s quarter-end financial report for June 29, it reported total debt of $551.9 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. RUN’s revenue rose 0.95% to $589.85 million during the quarter, while net income inched up to $590.19 million. While analysts expected Sunrun Inc. to report -$0.13 quarterly earnings, the actual figure was $0.25 per share, beating the consensus estimate by 292.30%. During the quarter, the company generated -$79.16 million in EBITDA. The liabilities of Sunrun Inc. were 12.91 billion at the end of its most recent quarter ended June 29, and its total debt was $10.02 billion. The value of shareholders’ equity is $217.18 million.
Technical Picture
This quick technical analysis looks at Sunrun Inc.’s (RUN) price momentum. With a historical volatility rate of 50.43%, the RSI 9-day stood at 53.56% on 31 August.
With respect to its five-day moving average, the current Sunrun Inc. price is up by +15.18% percent or $2.06. At present, RUN shares trade -18.59% below its 20-day simple moving average and -18.68% percent below its 100-day simple moving average. However, the stock is currently trading approximately -16.19% below its SMA50 and -48.74% below its SMA200.
Stochastic coefficient K was 50.73% and Stochastic coefficient D was 35.14%, while ATR was 0.94. Given the Stochastic reading of 61.07% for the 14-day period, the RSI (14) reading has been calculated as 46.87%. As of today, the MACD Oscillator reading stands at 1.06, while the 14-day reading stands at 0.73.
Analyst Ratings
Citigroup upgraded its rating on Sunrun Inc. (NASDAQ: RUN) to a Buy in a note to investors on August 30, 2023. The analysts firm previously had a Neutral rating on the stock.Sunrun Inc. (RUN) has been rated Overweight by analysts. According to 1 brokerage firm, RUN is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Sunrun Inc. stock as buy, with 21 recommending it as overweight.
With a median target price of $31.00, the current consensus forecast for the stock is $12.74 – $60.00. Based on these forecasts, analysts predict Sunrun Inc. (RUN) will achieve an average price target of $33.45.
