Sunrun Inc (NASDAQ:RUN) price on Wednesday, February 05, fall -2.02% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $8.72.
A look at the stock’s price movement, the close in the last trading session was $8.90, moving within a range at $8.71 and $9.301. The beta value (5-Year monthly) was 2.608. Turning to its 52-week performance, $22.26 and $8.22 were the 52-week high and 52-week low respectively. Overall, RUN moved -18.58% over the past month.
Sunrun Inc’s market cap currently stands at around $1.96 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 541.05M for the company’s revenue for the quarter, with a low and high estimate of 496.8M and 603.44M respectively. The average forecast suggests up to a 4.73% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.05B, representing a -9.17% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that RUN is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
19 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 16 recommend RUN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
RUN’s current price about -8.72% and -13.49% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.89, while 7-day volatility ratio is 6.78% and 7.62% in the 30-day chart. Further, Sunrun Inc (RUN) has a beta value of 2.82, and an average true range (ATR) of 0.72. Analysts have given the company’s stock an average 52-week price target of $21.5, forecast between a low of $11 and high of $35. Looking at the price targets, the low is -26.15% off current price level while to achieve the yearly target high, price needs to move -301.38%. Nonetheless, investors will most likely welcome a -146.56% jump to $21.5 which is the analysts’ median price.
If we refocus on Sunrun Inc (NASDAQ:RUN), historical trading data shows that trading volumes averaged 11.45 over the past 10 days and 10.51 million over the past 3 months. The company’s latest data on shares outstanding shows there are 224.09 million shares.
The 2.85% of Sunrun Inc’s shares are in the hands of company insiders while institutional holders own 107.65% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 47.76 million on 2025-01-15, giving us a short ratio of 5.5. The data shows that as of 2025-01-15 short interest in Sunrun Inc (RUN) stood at 2560.0 of shares outstanding, with shares short falling to 52.93 million registered in 2024-12-13. Current price change has pushed the stock -5.73% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RUN stock continues to rise going into the next quarter.
