I recommend waiting for a better discount before investing in Sunrun Inc. (RUN).

After finishing at $25.96 in the prior trading day, Sunrun Inc. (NASDAQ: RUN) closed at $26.83, up 3.35%. In other words, the price has increased by $+0.87 from its previous closing price. On the day, 5817100 shares were traded. RUN stock price reached its highest trading level at $27.44 during the session, while it also had its lowest trading level at $25.70.

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Ratios:

Our goal is to gain a better understanding of RUN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.70. In the meantime, Its Debt-to-Equity ratio is 1.21 whereas as Long-Term Debt/Eq ratio is at 1.18.

Upgrades & Downgrades

On December 01, 2022, Janney started tracking the stock assigning a Neutral rating and target price of $30.

On November 15, 2022, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $36.Deutsche Bank initiated its Buy rating on November 15, 2022, with a $36 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 06 when Abajian Danny sold 199 shares for $22.02 per share. The transaction valued at 4,381 led to the insider holds 148,149 shares of the business.

Dickson Paul S. sold 178 shares of RUN for $3,930 on Jan 06. The Chief Revenue Officer now owns 154,358 shares after completing the transaction at $22.08 per share. On Jan 03, another insider, Fenster Edward Harris, who serves as the Co-Executive Chair of the company, sold 100,000 shares for $24.92 each. As a result, the insider received 2,492,000 and left with 1,311,406 shares of the company.

Valuation Measures:

As of this moment, Sunrun’s Price-to-Earnings (P/E) ratio for their current fiscal year is 93.16, and their Forward P/E ratio for the next fiscal year is 315.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.61 while its Price-to-Book (P/B) ratio in mrq is 0.86.

Stock Price History:

Over the past 52 weeks, RUN has reached a high of $39.13, while it has fallen to a 52-week low of $16.80. The 50-Day Moving Average of the stock is 28.07, while the 200-Day Moving Average is calculated to be 27.13.

Shares Statistics:

The stock has traded on average 7.19M shares per day over the past 3-months and 7.23M shares per day over the last 10 days, according to various share statistics. A total of 212.70M shares are outstanding, with a floating share count of 204.65M. Insiders hold about 1.70% of the company’s shares, while institutions hold 92.60% stake in the company. Shares short for RUN as of Oct 13, 2022 were 29.75M with a Short Ratio of 30.79M, compared to 26.15M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 14.03% and a Short% of Float of 16.79%.

Earnings Estimates

Its stock is currently analyzed by 17 different market analysts. On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of $0.38 and a low estimate of -$0.37, while EPS last year was $0.11. The consensus estimate for the next quarter is -$0.18, with high estimates of $0.23 and low estimates of -$0.52.

Analysts are recommending an EPS of between $0.27 and -$1.37 for the fiscal current year, implying an average EPS of -$0.73. EPS for the following year is -$0.42, with 20 analysts recommending between $0.9 and -$1.46.

Revenue Estimates

18 analysts predict $565.06M in revenue for the current quarter. It ranges from a high estimate of $669.6M to a low estimate of $466M. As of the current estimate, Sunrun Inc.’s year-ago sales were $438.76M, an estimated increase of 28.80% from the year-ago figure. For the next quarter, 18 analysts are estimating revenue of $559.32M, an increase of 28.50% less than the figure of $28.80% in the same quarter last year. There is a high estimate of $652.2M for the next quarter, whereas the lowest estimate is $425M.

A total of 21 analysts have provided revenue estimates for RUN’s current fiscal year. The highest revenue estimate was $2.4B, while the lowest revenue estimate was $1.97B, resulting in an average revenue estimate of $2.2B. In the same quarter a year ago, actual revenue was $1.61B, up 36.70% from the average estimate. Based on 21 analysts’ estimates, the company’s revenue will be $2.36B in the next fiscal year. The high estimate is $2.81B and the low estimate is $2.01B. The average revenue growth estimate for next year is up 7.10% from the average revenue estimate for this year.