Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The price of Runway Growth Finance Corp (NASDAQ: RWAY) closed at $12.32 in the last session, down -7.02% from day before closing price of $13.25. In other words, the price has decreased by -$7.02 from its previous closing price. On the day, 0.99 million shares were traded. RWAY stock price reached its highest trading level at $12.57 during the session, while it also had its lowest trading level at $12.1.
Ratios:
We take a closer look at RWAY’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.06. In the meantime, Its Debt-to-Equity ratio is 0.90 whereas as Long-Term Debt/Eq ratio is at 0.90.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 21 ’24 when SPRENG R DAVID bought 5,000 shares for $11.88 per share. The transaction valued at 59,400 led to the insider holds 64,532 shares of the business.
OCM Growth Holdings LLC sold 1,000,000 shares of RWAY for $11,330,000 on Mar 18 ’24. The Director now owns 15,492,168 shares after completing the transaction at $11.33 per share. On Mar 14 ’24, another insider, Raterman Thomas B., who serves as the insider of the company, bought 20,460 shares for $11.61 each. As a result, the insider paid 237,541 and bolstered with 179,965 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 499074560. As of this moment, Runway’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.23, and their Forward P/E ratio for the next fiscal year is 6.93. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.38 while its Price-to-Book (P/B) ratio in mrq is 0.92.
Stock Price History:
The Beta on a monthly basis for RWAY is 0.60, which has changed by 0.18834078 over the last 52 weeks, in comparison to a change of 0.2537824 over the same period for the S&P500. Over the past 52 weeks, RWAY has reached a high of $13.74, while it has fallen to a 52-week low of $10.33. The 50-Day Moving Average of the stock is -1.48%, while the 200-Day Moving Average is calculated to be -2.85%.
Shares Statistics:
According to the various share statistics, RWAY traded on average about 340.08K shares per day over the past 3-months and 262980 shares per day over the past 10 days. A total of 40.51M shares are outstanding, with a floating share count of 39.94M. Insiders hold about 1.41% of the company’s shares, while institutions hold 56.97% stake in the company. Shares short for RWAY as of 1695945600 were 377938 with a Short Ratio of 4.03, compared to 1693440000 on 367834. Therefore, it implies a Short% of Shares Outstanding of 377938 and a Short% of Float of 1.9800000000000002.
Earnings Estimates
The company has 9.0 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.45 for the current quarter, with a high estimate of $0.48 and a low estimate of $0.43, while EPS last year was $0.45. The consensus estimate for the next quarter is $0.46, with high estimates of $0.48 and low estimates of $0.44.
Analysts are recommending an EPS of between $1.9 and $1.77 for the fiscal current year, implying an average EPS of $1.83. EPS for the following year is $1.8, with 8.0 analysts recommending between $1.9 and $1.69.
Revenue Estimates
According to 4 analysts, the current quarter’s revenue is expected to be $40.01M. It ranges from a high estimate of $39.9M to a low estimate of $38.13M. As of the current estimate, Runway Growth Finance Corp’s year-ago sales were $39.31MFor the next quarter, 4 analysts are estimating revenue of $39.22M. There is a high estimate of $40.23M for the next quarter, whereas the lowest estimate is $38.3M.
A total of 5 analysts have provided revenue estimates for RWAY’s current fiscal year. The highest revenue estimate was $161.08M, while the lowest revenue estimate was $154.9M, resulting in an average revenue estimate of $157.19M. In the same quarter a year ago, actual revenue was $164.21MBased on 4 analysts’ estimates, the company’s revenue will be $157.42M in the next fiscal year. The high estimate is $165.38M and the low estimate is $153.1M.
