Sunrun Inc. (NASDAQ: RUN)’s stock price has decreased by -0.78 compared to its previous closing price of 16.64. However, the company has seen a 1.73% increase in its stock price over the last five trading sessions. MarketWatch.com reported on 03/15/23 that Climate tech risked becoming banking-crisis casualty. What’s next for solar, batteries and more?
Is It Worth Investing in Sunrun Inc. (NASDAQ: RUN) Right Now?
The price-to-earnings ratio for Sunrun Inc. (NASDAQ: RUN) is above average at 275.17x, while the 36-month beta value is 2.35.Analysts have differing opinions on the stock, with 19 analysts rating it as a “buy,” 3 as “overweight,” 6 as “hold,” and 1 as “sell.”
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The average price point forecasted by analysts for Sunrun Inc. (RUN) is $35.95, which is $20.06 above the current market price. The public float for RUN is 204.65M, and currently, short sellers hold a 16.95% ratio of that floaft. The average trading volume of RUN on May 25, 2023 was 10.52M shares.
RUN’s Market Performance
RUN stock saw a decrease of 1.73% in the past week, with a monthly decline of -22.60% and a quarterly a decrease of -29.92%. The volatility ratio for the week is 8.26%, and the volatility levels for the last 30 days are 7.89% for Sunrun Inc. (RUN). The simple moving average for the past 20 days is -6.14% for RUN’s stock, with a -35.61% simple moving average for the past 200 days.
RUN Trading at -11.42% from the 50-Day Moving Average
After a stumble in the market that brought RUN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -57.81% of loss for the given period.
Volatility was left at 7.89%, however, over the last 30 days, the volatility rate increased by 8.26%, as shares sank -14.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.87% lower at present.
During the last 5 trading sessions, RUN rose by +1.73%, which changed the moving average for the period of 200-days by -51.64% in comparison to the 20-day moving average, which settled at $17.45. In addition, Sunrun Inc. saw -31.27% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at RUN starting from Fenster Edward Harris, who sale 25,000 shares at the price of $16.34 back on May 15. After this action, Fenster Edward Harris now owns 1,267,994 shares of Sunrun Inc., valued at $408,570 using the latest closing price.
Fenster Edward Harris, the Director of Sunrun Inc., sale 50,000 shares at $19.97 during a trade that took place back on Apr 17, which means that Fenster Edward Harris is holding 1,267,994 shares at $998,695 based on the most recent closing price.
Stock Fundamentals for RUN
Equity return is now at value 0.30, with 0.10 for asset returns.
In a nutshell, Sunrun Inc. (RUN) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.