Sunrun Inc [RUN] stock prices are up 10.49% to $11.48 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RUN shares have gain 15.15% over the last week, with a monthly amount drifted -27.75%, and not 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 February 27, 2024, when Janney downgraded its rating to a Neutral. Previously, KeyBanc Capital Markets downgraded its rating to Sector Weight on January 04, 2024. On December 19, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $31 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $25 on December 15, 2023. Mizuho initiated its recommendation with a Buy and recommended $23 as its price target on November 21, 2023. Northland Capital downgraded its rating to Market Perform for this stock on November 02, 2023, but kept the price target unchanged to $12. In a note dated November 02, 2023, BMO Capital Markets downgraded an Market Perform rating on this stock and revised its target price from $17 to $12.
The stock price of Sunrun Inc [RUN] has been fluctuating between $8.43 and $23.85 over the past year. Currently, Wall Street analysts expect the stock to reach $43.72 within the next 12 months. Sunrun Inc [NASDAQ: RUN] shares were valued at $11.48 at the most recent close of the market. An investor can expect a potential return of 280.84% based on the average RUN price forecast.
Analyzing the RUN fundamentals
The Sunrun Inc [NASDAQ:RUN] reported sales of 2.26B for trailing twelve months, representing a drop of -15.20%. Gross Profit Margin for this corporation currently stands at 0.07% with Operating Profit Margin at -0.88%, Pretax Profit Margin comes in at -1.19%, and Net Profit Margin reading is -0.75%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.28 and Total Capital is -0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.12.
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 10.51 points at the first support level, and at 9.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.05, and for the 2nd resistance point, it is at 12.63.
Ratios To Look Out For
It’s worth pointing out that Sunrun Inc [NASDAQ:RUN]’s Current Ratio is 1.26. As well, the Quick Ratio is 0.96, while the Cash Ratio is 0.46. Considering the valuation of this stock, the price to sales ratio is 1.12, the price to book ratio is 0.48.
Transactions by insiders
Recent insider trading involved Jurich Lynn Michelle, Director, that happened on Mar 18 ’24 when 2836.0 shares were sold. Chief Legal & People Officer, STEELE JEANNA completed a deal on Mar 18 ’24 to sell 805.0 shares. Meanwhile, Chief Financial Officer Abajian Danny sold 402.0 shares on Mar 18 ’24.
