Sunrun Inc [RUN] stock prices are up 4.29% to $11.67 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RUN shares have gain 23.62% over the last week, with a monthly amount glided 10.30%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Sunrun Inc [NASDAQ: RUN] stock has seen the most recent analyst activity on November 02, 2023, when Northland Capital downgraded its rating to a Market Perform but kept the price target unchanged to $12 for it.
The stock price of Sunrun Inc [RUN] has been fluctuating between $8.43 and $33.33 over the past year. Currently, Wall Street analysts expect the stock to reach $20.03 within the next 12 months. Sunrun Inc [NASDAQ: RUN] shares were valued at $11.67 at the most recent close of the market. An investor can expect a potential return of 71.64% based on the average RUN price forecast.
Analyzing the RUN fundamentals
The most recent quarter, Sunrun Inc [NASDAQ:RUN] reported sales of 563.18 billion, representing a drop of -10.88%. In the same period, the company’s revenue per employee was $187,091, whereas its income per employee was $13,973. Gross Margin for this corporation currently stands at +12.28% with Operating Margin at -28.53%, Pretax Margin comes in at -36.50%, and Net Margin reading is +7.47%. To continue investigating profitability, this company’s Return on Assets is posted at 0.92, Equity is 2.67, Total Capital is -4.19, and Invested Capital is 1.22. An extended look at the Principal structure reveals enduring liabilities to the total capital of 56.93 and enduring liabilities to assets of 43.83.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.10 points at the first support level, and at 10.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.96, and for the 2nd resistance point, it is at 12.26.
Sunrun Inc [RUN] reported earnings per share of -$4.92 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.2/share, meaning a difference of -$4.72 and a surprise factor of -2,360.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.25 per share as compared to estimates of -$0.17 per share, a difference of $0.42 representing a surprise of 247.10%.
Ratios To Look Out For
It’s worth pointing out that Sunrun Inc [NASDAQ:RUN]’s Current Ratio is 1.35. Further, the Quick Ratio stands at 1.14, while the Cash Ratio is 0.82. Considering the valuation of this stock, the price to sales ratio is 2.27, the price to book ratio is 0.77.
Transactions by insiders
Insider trading, which has resulted in 2 insider purchases of 2,354 shares and 13 insider sales of 26,370 shares in the past three months, is now the topic of our analysis. Recent insider trading involved Abajian Danny, Chief Financial Officer, that happened on Oct 06 when 484.0 shares were sold. Chief Revenue Officer, Dickson Paul S. completed a deal on Oct 06 to sell 230.0 shares. Meanwhile, Director Jurich Lynn Michelle sold 4178.0 shares on Sep 18.