Sunrun Inc [RUN] stock prices are up 9.60% to $13.02 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RUN shares have gain 11.09% over the last week, with a monthly amount glided 3.66%, and seem to be holding up well over a long-time horizon.
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On 26, March 2024, Roivant Sciences Set to Join S&P MidCap 400; Sunrun to Join S&P SmallCap 600. In a post published today on Yahoo Finance, Roivant Sciences Ltd (NASD:ROIV) will replace Sunrun Inc. (NASD:RUN) in the S&P MidCap 400, and Sunrun will replace PGT Innovations Inc. (NYSE:PGTI) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, April 1. MITER Brands is acquiring PGT Innovations in a transaction expected to be completed on or about March 28 pending final conditions.
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 $42.44 within the next 12 months. Sunrun Inc [NASDAQ: RUN] shares were valued at $13.02 at the most recent close of the market. An investor can expect a potential return of 225.96% 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 12.17 points at the first support level, and at 11.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.47, and for the 2nd resistance point, it is at 13.91.
Sunrun Inc [RUN] reported earnings per share of -$1.6 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.29/share, meaning a difference of -$1.31 and a surprise factor of -451.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$4.92 per share as compared to estimates of -$0.2 per share, a difference of -$4.72 representing a surprise of -2,360.00%.
Ratios To Look Out For
It’s worth pointing out that Sunrun Inc [NASDAQ:RUN]’s Current Ratio is 1.26. Also, the Quick Ratio is 0.96, while the Cash Ratio stands at 0.46. Considering the valuation of this stock, the price to sales ratio is 1.27, the price to book ratio is 0.55.
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.
