Sunrun Inc. (NASDAQ:RUN) shares, dropped in value on Wednesday, Jan 13, with the stock price down by -3.01% to the previous day’s close as weak demand from buyers trailed the stock to $90.63.
Actively observing the price movement in the last trading, the stock closed the session at $93.44, falling within a range of $89.62 and $94.00. The value of beta (5-year monthly) was 2.28 whereas the PE ratio was 2923.55 over 12-month period. Referring to stock’s 52-week performance, its high was $100.93, and the low was $7.84 -. On the whole, RUN has fluctuated by 55.51% over the past month.
With the market capitalization of Sunrun Inc. currently standing at about $16.87 Billion, investors are eagerly awaiting this quarter’s results, scheduled for Feb 25, 2021- Mar 01, 2021. The company’s Forward Dividend Ratio is 0, with its dividend yield at 0%. As a result, investors may see a weakening in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.09, which is expected to decline to $0.21 for fiscal year 2021 and then to about $0.43 by fiscal year 2022. Data indicates that the EPS growth is expected to be -0.52% in 2021, while the next year’s EPS growth is forecast to be 3.3%.
Analysts have estimated the company’s revenue for the quarter at $308.05 Million, with a low estimate of $206.9 Million and a high estimate of $361.07 Million. According to the average forecast, sales growth in current quarter could jump up +26.3%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2021, the company’s y-o-y revenues would reach $912Million, representing an increase of 6.2% from the revenues reported in the last year’s results.
We see that RUN’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
14 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 4 analyst(s), 9 recommend it as a Buy and no body called the RUN stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and 1 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.
The stock’s technical analysis shows that the PEG ratio is about 142.42, with the price of RUN currently trading nearly 24.65% and 41.22% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 71.13, while the 7-day volatility ratio is showing 7.66% which for the 30-day chart, stands at 7.38%. Furthermore, Sunrun Inc. (RUN)’s beta value is 2.28, and its average true range (ATR) is 5.65. The company’s stock has been forecasted to trade at an average price of $75.61 over the course of the next 52 weeks, with a low of $43 and a high of $116. Based on these price targets, the low is -52.55 off current price, whereas the price has to move +27.99% to reach the yearly target high. Additionally, analysts’ median price of $71.5 is likely to be welcomed by investors because it represents an increase of -21.11% from the current levels.
A comparison of Sunrun Inc. (RUN) with its peers suggests the former has fared considerably weaker in the market. RUN showed an intraday change of -3.01% in last session, and over the past year, it grew by +493.52%. In comparison, Enphase Energy Inc (ENPH) has moved lower at -1.36% on the day and was up +574.47% over the past 12 months. On the other hand, the price of Solaredge Tech (SEDG) has fallen -3.15% on the day. The stock, however, is off 222.44% from where it was a year ago. Additionally, there is a decline of -301% for First Solar Inc (FSLR) in last trading while the stock has seen an overall apprecation of 493.52% over the past year. The PE ratio stands at 2923.55 for Sunrun Inc., compared to 159.63 for Enphase Energy Inc, and 100.36 for Solaredge Tech. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.23%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.
Data on historical trading for Sunrun Inc. (NASDAQ:RUN) indicates that the trading volumes over the past 10 days have averaged 7.06 Million and over the past 3 months, they’ve averaged 5.91 Million. According to company’s latest data on outstanding shares, there are 197.53 Million shares outstanding.
Nearly 3.24% of Sunrun Inc.’s shares belong to company insiders and institutional investors own 73.24% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 21.4 Million shares as on December 30, 2020, resulting in a short ratio of 4.33. According to the data, the short interest in Sunrun Inc. (RUN) stood at 10.84% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 19.33 Million. The stock has risen by +30.63% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RUN stock heading into the next quarter.
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