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After finishing at $17.86 in the prior trading day, Sunrun Inc (NASDAQ: RUN) closed at $16.33, down -8.57%. In other words, the price has decreased by -$8.57 from its previous closing price. On the day, 15.03 million shares were traded. RUN stock price reached its highest trading level at $17.83 during the session, while it also had its lowest trading level at $16.075.
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 0.99 and its Current Ratio is at 1.31. In the meantime, Its Debt-to-Equity ratio is 2.23 whereas as Long-Term Debt/Eq ratio is at 2.17.
Piper Sandler Upgraded its Neutral to Overweight on December 19, 2023, whereas the target price for the stock was revised from $15 to $31.
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 Jul 19 ’24 when Jurich Lynn Michelle sold 50,000 shares for $16.93 per share. The transaction valued at 846,467 led to the insider holds 1,294,383 shares of the business.
Powell Mary sold 5,569 shares of RUN for $70,260 on Jul 08 ’24. The Chief Executive Officer now owns 581,341 shares after completing the transaction at $12.62 per share. On Jul 08 ’24, another insider, Abajian Danny, who serves as the Chief Financial Officer of the company, sold 4,662 shares for $12.62 each. As a result, the insider received 58,840 and left with 283,098 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, RUN now has a Market Capitalization of 3619756800 and an Enterprise Value of 16277781504. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.70 while its Price-to-Book (P/B) ratio in mrq is 0.70. Its current Enterprise Value per Revenue stands at 7.649 whereas that against EBITDA is -75.017.
Stock Price History:
Over the past 52 weeks, RUN has reached a high of $22.16, while it has fallen to a 52-week low of $8.43. The 50-Day Moving Average of the stock is 16.47%, while the 200-Day Moving Average is calculated to be 23.90%.
Shares Statistics:
The stock has traded on average 12.74M shares per day over the past 3-months and 14485750 shares per day over the last 10 days, according to various share statistics. A total of 219.39M shares are outstanding, with a floating share count of 215.04M. Insiders hold about 2.99% of the company’s shares, while institutions hold 111.14% stake in the company. Shares short for RUN as of 1721001600 were 55906129 with a Short Ratio of 4.39, compared to 1718323200 on 52827659. Therefore, it implies a Short% of Shares Outstanding of 55906129 and a Short% of Float of 30.4.
Earnings Estimates
The firm’s stock currently is rated by 21.0 analysts. On average, analysts expect EPS of -$0.33 for the current quarter, with a high estimate of $0.58 and a low estimate of -$0.99, while EPS last year was $0.25. The consensus estimate for the next quarter is -$0.21, with high estimates of $1.3 and low estimates of -$1.08.
Analysts are recommending an EPS of between $2.5 and -$3.43 for the fiscal current year, implying an average EPS of -$1.27. EPS for the following year is -$0.9, with 22.0 analysts recommending between $4.19 and -$3.53.
Revenue Estimates
For the next quarter, 18 analysts are estimating revenue of $590.77M. There is a high estimate of $711M for the next quarter, whereas the lowest estimate is $505M.
A total of 23 analysts have provided revenue estimates for RUN’s current fiscal year. The highest revenue estimate was $2.4B, while the lowest revenue estimate was $1.86B, resulting in an average revenue estimate of $2.14B. In the same quarter a year ago, actual revenue was $2.26BBased on 23 analysts’ estimates, the company’s revenue will be $2.5B in the next fiscal year. The high estimate is $3.01B and the low estimate is $2.07B.
