Sunrun Inc (RUN) shares projected to rise by 84.49%

Sunrun Inc [RUN] stock is trading at $19.34, up 0.57%. 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 11.86% over the last week, with a monthly amount drifted -1.38%, 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.

Sunrun Inc [RUN] stock has fluctuated between $8.43 and $22.26 over the past year. Currently, Wall Street analysts expect the stock to reach $35.68 within the next 12 months. Sunrun Inc [NASDAQ: RUN] shares were valued at $19.34 at the most recent close of the market. An investor can expect a potential return of 84.49% based on the average RUN price forecast.

Analyzing the RUN fundamentals

Sunrun Inc [NASDAQ:RUN] reported sales of 2.06B for the trailing twelve months, which represents a drop of -11.24%. Gross Profit Margin for this corporation currently stands at 0.08% with Operating Profit Margin at -0.9%, Pretax Profit Margin comes in at -1.23%, and Net Profit Margin reading is -0.66%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.26 and Total Capital is -0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.24.

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 18.67 points at the first support level, and at 18.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.92, and for the 2nd resistance point, it is at 20.50.

Ratios To Look Out For

For context, Sunrun Inc’s Current Ratio is 1.66. Also, the Quick Ratio is 1.31, while the Cash Ratio stands at 1.03. Considering the valuation of this stock, the price to sales ratio is 2.10, the price to book ratio is 0.80.

Transactions by insiders

Recent insider trading involved Fenster Edward Harris, Director, that happened on Sep 11 ’24 when 4646.0 shares were sold. Director, Fenster Edward Harris completed a deal on Sep 11 ’24 to buy 4646.0 shares. Meanwhile, Chief Legal & People Officer STEELE JEANNA sold 2357.0 shares on Sep 06 ’24.

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