The stock of Runway Growth Finance Corp (RWAY) has gone down by -10.58% for the week, with a -6.94% drop in the past month and a -10.38% drop in the past quarter. The volatility ratio for the week is 2.39%, and the volatility levels for the past 30 days are 1.72% for RWAY. The simple moving average for the past 20 days is -8.09% for RWAY’s stock, with a -8.12% simple moving average for the past 200 days.
Is It Worth Investing in Runway Growth Finance Corp (NASDAQ: RWAY) Right Now?
The price-to-earnings ratio for Runway Growth Finance Corp (NASDAQ: RWAY) is above average at 10.56x, Company’s 36-month beta value is 0.57.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RWAY is 39.94M, and currently, short sellers hold a 3.30% ratio of that floaft. The average trading volume of RWAY on May 10, 2024 was 354.63K shares.
RWAY) stock’s latest price update
Runway Growth Finance Corp (NASDAQ: RWAY) has experienced a decline in its stock price by -4.26 compared to its previous closing price of 12.10. However, the company has seen a fall of -10.58% in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-11 that MENLO PARK, Calif., April 11, 2024 (GLOBE NEWSWIRE) — Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced that it will release its first quarter 2024 financial results after market close on Tuesday, May 7, 2024. Runway Growth will discuss its financial results on a conference call that day at 2:00 p.m. PT (5:00 p.m. ET).
Analysts’ Opinion of RWAY
Many brokerage firms have already submitted their reports for RWAY stocks, with Compass Point repeating the rating for RWAY by listing it as a “Neutral.” The predicted price for RWAY in the upcoming period, according to Compass Point is $12.75 based on the research report published on May 08, 2024 of the current year 2024.
RWAY Trading at -6.46% from the 50-Day Moving Average
After a stumble in the market that brought RWAY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.20% of loss for the given period.
Volatility was left at 1.72%, however, over the last 30 days, the volatility rate increased by 2.39%, as shares sank -7.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.67% lower at present.
During the last 5 trading sessions, RWAY fell by -11.09%, which changed the moving average for the period of 200-days by -10.26% in comparison to the 20-day moving average, which settled at $12.62. In addition, Runway Growth Finance Corp saw -7.19% 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 RWAY starting from SPRENG R DAVID, who purchase 5,000 shares at the price of $11.88 back on Mar 21 ’24. After this action, SPRENG R DAVID now owns 64,532 shares of Runway Growth Finance Corp, valued at $59,400 using the latest closing price.
OCM Growth Holdings LLC, the Director of Runway Growth Finance Corp, sale 1,000,000 shares at $11.33 during a trade that took place back on Mar 18 ’24, which means that OCM Growth Holdings LLC is holding 15,492,168 shares at $11,330,000 based on the most recent closing price.
Stock Fundamentals for RWAY
Current profitability levels for the company are sitting at:
- 0.67 for the present operating margin
- 0.73 for the gross margin
The net margin for Runway Growth Finance Corp stands at 0.32. The total capital return value is set at 0.07. Equity return is now at value 8.08, with 4.03 for asset returns.
Currently, EBITDA for the company is 87.48 million with net debt to EBITDA at -0.11. When we switch over and look at the enterprise to sales, we see a ratio of 4.4. The receivables turnover for the company is 14.93for trailing twelve months and the total asset turnover is 0.1.
Conclusion
In a nutshell, Runway Growth Finance Corp (RWAY) 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.
