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In the latest session, Runway Growth Finance Corp (NASDAQ: RWAY) closed at $10.16 down -2.21% from its previous closing price of $10.39. In other words, the price has decreased by -$2.21 from its previous closing price. On the day, 0.65 million shares were traded. RWAY stock price reached its highest trading level at $10.19 during the session, while it also had its lowest trading level at $9.87.
Ratios:
For a deeper understanding of Runway Growth Finance Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.31. In the meantime, Its Debt-to-Equity ratio is 1.08 whereas as Long-Term Debt/Eq ratio is at 1.08.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BofA Securities on June 28, 2024, initiated with a Neutral rating and assigned the stock a target price of $12.
On May 08, 2024, Compass Point Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $12.75.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 10 ’24 when OCM Growth Holdings LLC sold 400,000 shares for $11.90 per share. The transaction valued at 4,760,000 led to the insider holds 10,779,668 shares of the business.
OCM Growth Holdings LLC sold 4,312,500 shares of RWAY for $49,593,750 on May 14 ’24. The Director now owns 11,179,668 shares after completing the transaction at $11.50 per share. On Mar 21 ’24, another insider, SPRENG R DAVID, who serves as the President and CEO of the company, bought 5,000 shares for $11.88 each. As a result, the insider paid 59,400 and bolstered with 64,532 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RWAY now has a Market Capitalization of 404360896 and an Enterprise Value of 882708416. As of this moment, Runway’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.41, and their Forward P/E ratio for the next fiscal year is 6.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.49. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.80 while its Price-to-Book (P/B) ratio in mrq is 0.77. Its current Enterprise Value per Revenue stands at 5.353.
Stock Price History:
Over the past 52 weeks, RWAY has reached a high of $13.53, while it has fallen to a 52-week low of $10.38. The 50-Day Moving Average of the stock is -12.61%, while the 200-Day Moving Average is calculated to be -16.87%.
Shares Statistics:
For the past three months, RWAY has traded an average of 355.51K shares per day and 376850 over the past ten days. A total of 40.51M shares are outstanding, with a floating share count of 38.17M. Insiders hold about 0.97% of the company’s shares, while institutions hold 48.14% stake in the company. Shares short for RWAY as of 1721001600 were 906907 with a Short Ratio of 2.09, compared to 1718323200 on 947414. Therefore, it implies a Short% of Shares Outstanding of 906907 and a Short% of Float of 3.3299996999999997.
