After finishing at $12.56 in the prior trading day, Sunrun Inc (NASDAQ: RUN) closed at $12.02, down -4.30%. In other words, the price has decreased by -$0.54 from its previous closing price. On the day, 9694408 shares were traded. RUN stock price reached its highest trading level at $12.81 during the session, while it also had its lowest trading level at $11.90.
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 0.96 and its Current Ratio is at 1.26. In the meantime, Its Debt-to-Equity ratio is 2.14 whereas as Long-Term Debt/Eq ratio is at 2.02.
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 Mar 06 ’24 when Abajian Danny sold 12,030 shares for $12.12 per share. The transaction valued at 145,788 led to the insider holds 193,935 shares of the business.
Dickson Paul S. sold 10,412 shares of RUN for $126,226 on Mar 06 ’24. The Chief Revenue Officer now owns 298,717 shares after completing the transaction at $12.12 per share. On Mar 06 ’24, another insider, Powell Mary, who serves as the Chief Executive Officer of the company, sold 9,311 shares for $12.11 each. As a result, the insider received 112,794 and left with 402,317 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 2.76B and an Enterprise Value of 13.16B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.17 while its Price-to-Book (P/B) ratio in mrq is 0.50. Its current Enterprise Value per Revenue stands at 5.83 whereas that against EBITDA is -8.71.
Stock Price History:
Over the past 52 weeks, RUN has reached a high of $25.28, while it has fallen to a 52-week low of $8.43. The 50-Day Moving Average of the stock is 14.86, while the 200-Day Moving Average is calculated to be 15.07.
Shares Statistics:
The stock has traded on average 15.13M shares per day over the past 3-months and 14.33M 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 213.31M. Insiders hold about 2.86% of the company’s shares, while institutions hold 101.28% stake in the company. Shares short for RUN as of Feb 15, 2024 were 33.87M with a Short Ratio of 2.24, compared to 34.76M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 15.44% and a Short% of Float of 18.47%.
Earnings Estimates
Its stock is currently analyzed by 21 different market analysts. On average, analysts expect EPS of -$0.43 for the current quarter, with a high estimate of $0.16 and a low estimate of -$1.24, while EPS last year was -$1.12. The consensus estimate for the next quarter is -$0.33, with high estimates of $0.48 and low estimates of -$1.1.
Analysts are recommending an EPS of between $2.26 and -$4.71 for the fiscal current year, implying an average EPS of -$1.51. EPS for the following year is -$1, with 19 analysts recommending between $2.5 and -$3.41.
Revenue Estimates
20 analysts predict $482.37M in revenue for the current quarter. It ranges from a high estimate of $591.2M to a low estimate of $381.6M. As of the current estimate, Sunrun Inc’s year-ago sales were $589.85M, an estimated decrease of -18.20% from the year-ago figure.
A total of 23 analysts have provided revenue estimates for RUN’s current fiscal year. The highest revenue estimate was $2.62B, while the lowest revenue estimate was $1.88B, resulting in an average revenue estimate of $2.27B. In the same quarter a year ago, actual revenue was $2.26B, up 0.30% from the average estimate. Based on 21 analysts’ estimates, the company’s revenue will be $2.62B in the next fiscal year. The high estimate is $3.15B and the low estimate is $2.32B. The average revenue growth estimate for next year is up 15.70% from the average revenue estimate for this year.
