Sunrun Inc. (NASDAQ: RUN) stock fell -2.84% on Friday to $15.06 against a previous-day closing price of $15.50. With 8.67 million shares changed hands, the volume of the stock remained lighter than its average volume of 9.1 million shares. During the session, the Solar company that operates in wider Technology sector, reached to the highest price of $15.74 whereas the lowest price it dropped to was $14.91. The 52-week range on RUN shows that it touched its highest point at $39.13 and its lowest point at $13.30 during that stretch. It currently has a 1-year price target of $33.12. Beta for the stock currently stands at 2.32.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RUN was up-trending over the past week, with a rise of 7.65%, but this was up by 1.21% over a month. Three-month performance dropped to -25.00% while six-month performance fell -20.78%. The stock lost -60.77% in the past year, while it has lost -37.30% so far this year. A look at the trailing 12-month EPS for RUN yields 0.37 with Next year EPS estimates of -0.82. For the next quarter, that number is -0.10. This implies an EPS growth rate of 304.30% for this year and 16.30% for next year. EPS is expected to decline by -8.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -11.50%.
Float and Shares Shorts:
At present, 216.02 million RUN shares are outstanding with a float of 211.46 million shares on hand for trading. On Aug 30, 2023, short shares totaled 38.81 million, which was 17.87% higher than short shares on Jul 30, 2023. In addition to Mr. Edward Harris Fenster as the firm’s Co-Founder & Exec. Co-Chair of the Board, Ms. Lynn Michelle Jurich serves as its Co-Founder, Exec. Co-Chair of the Board.
Through their ownership of 100.87% of RUN’s outstanding shares, institutional investors have majority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, RUN reported revenue of $584.58M and operating income of -$155.31M. The EBITDA in the recently reported quarter was $3.69M and diluted EPS was -$0.06.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RUN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With RUN analysts setting a high price target of $60.00 and a low target of $12.74, the average target price over the next 12 months is $33.25. Based on these targets, RUN could surge 298.41% to reach the target high and fall by -15.41% to reach the target low. Reaching the average price target will result in a growth of 120.78% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded RUN stock several times over the past three months with 4 Buys and 9 Sells. In these transactions, 33,261 shares were bought while 38,145 shares were sold. The number of buy transactions has increased to 35 while that of sell transactions has risen to 88 over the past year. The total number of shares bought during that period was 1,287,329 while 1,056,731 shares were sold.