Sunrun Inc (NASDAQ: RUN) has seen a rise in its stock price by 1.38 in relation to its previous close of 10.11. However, the company has experienced a -11.94% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-19 that Sunrun (RUN) closed at $10.25 in the latest trading session, marking a +1.38% move from the prior day.
Is It Worth Investing in Sunrun Inc (NASDAQ: RUN) Right Now?
The 36-month beta value for RUN is also noteworthy at 2.50. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for RUN is 212.70M, and at present, short sellers hold a 21.87% of that float. The average trading volume of RUN on April 22, 2024 was 14.62M shares.
RUN’s Market Performance
RUN’s stock has seen a -11.94% decrease for the week, with a -10.71% drop in the past month and a -22.17% fall in the past quarter. The volatility ratio for the week is 6.54%, and the volatility levels for the past 30 days are at 7.38% for Sunrun Inc The simple moving average for the past 20 days is -12.78% for RUN’s stock, with a -27.29% simple moving average for the past 200 days.
Analysts’ Opinion of RUN
Piper Sandler gave a rating of “Overweight” to RUN, setting the target price at $31 in the report published on December 19th of the previous year.
RUN Trading at -17.97% 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 -57.02% of loss for the given period.
Volatility was left at 7.38%, however, over the last 30 days, the volatility rate increased by 6.54%, as shares sank -12.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.05% lower at present.
During the last 5 trading sessions, RUN fell by -11.94%, which changed the moving average for the period of 200-days by -43.02% in comparison to the 20-day moving average, which settled at $11.68. In addition, Sunrun Inc saw -47.78% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RUN starting from Fenster Edward Harris, who sale 172,920 shares at the price of $11.95 back on Apr 11 ’24. After this action, Fenster Edward Harris now owns 1,261,317 shares of Sunrun Inc, valued at $2,066,193 using the latest closing price.
Powell Mary, the Chief Executive Officer of Sunrun Inc, sale 22,549 shares at $12.07 during a trade that took place back on Apr 08 ’24, which means that Powell Mary is holding 379,768 shares at $272,261 based on the most recent closing price.
Stock Fundamentals for RUN
Current profitability levels for the company are sitting at:
- -0.88 for the present operating margin
- 0.07 for the gross margin
The net margin for Sunrun Inc stands at -0.75. The total capital return value is set at -0.1. Equity return is now at value -26.87, with -7.68 for asset returns.
Based on Sunrun Inc (RUN), the company’s capital structure generated 0.68 points at debt to capital in total, while cash flow to debt ratio is standing at -0.07. The debt to equity ratio resting at 2.12. The interest coverage ratio of the stock is -3.03.
Currently, EBITDA for the company is -352.87 million with net debt to EBITDA at -29.5. When we switch over and look at the enterprise to sales, we see a ratio of 5.6. The receivables turnover for the company is 13.14for trailing twelve months and the total asset turnover is 0.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.26.
Conclusion
In summary, Sunrun Inc (RUN) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
