The trading price of Sunrun Inc. (NASDAQ:RUN) floating lower at last check on Monday, Feb 22, closing at $68.5, -3.31% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $65.25 and $68.00. The company’s P/E ratio in the trailing 12-month period was 2209.68, while its 5Y monthly beta was 2.15. In examining the 52-week price action we see that the stock hit a 52-week high of $100.93 and a 52-week low of $7.84 -. Over the past month, the stock has suffered -16.36% in value.
Sunrun Inc., whose market valuation is $13.25 Billion at the time of this writing, is expected to release its quarterly earnings report on February 25, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.12 per share this quarter, however they have predicted annual earnings per share of $0.09 for 2021 and $0.43 for 2022. It means analysts are expecting annual earnings per share growth of -0.57% this year and 3.78% next year.
Analysts have forecast the company to bring in revenue of $303.49 Million for the quarter, with the likely lows of $206.9 Million and highs of $356.5 Million. The average estimate suggests sales will likely up by 24.4% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $905.48 Million. The company’s revenue is forecast to grow by +5.5% over what it did in 2020.
On the technical side, indicators suggest RUN has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
An evaluation of the daily trading volume of Sunrun Inc. (NASDAQ:RUN) indicates that the 3-month average is 5.49 Million. However, this figure has increased over the past 10 days to an average of 5.93 Million.
Currently, records show that 197.53 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 3.24% of outstanding shares, whereas institutions hold 73.24%. The stats also highlight that short interest as of January 28, 2021, stood at 22.56 Million shares, resulting in a short ratio of 3.73 at that time. From this, we can conclude that short interest is 11.42% of the company’s total outstanding shares. It is noteworthy that short shares in January were up slightly from the previous month’s figure, which was 21.4 Million. However, since the stock’s price has seen -1.27% year-to-date, investors’ interest is likely to be reignited due to its potential to move higher ahead.
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