Sunrun Inc (NASDAQ:RUN) price on current trading day, rose 0.24% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $8.39.
A look at the stock’s price movement, the close in the last trading session was $8.37. Turning to its 52-week performance, $22.26 and $7.87 were the 52-week high and 52-week low respectively. Overall, RUN moved -17.66% over the past month.
Sunrun Inc’s market cap currently stands at around $1.88 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 -2.97% and -10.56% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.23, while 7-day volatility ratio is 5.71% and 6.70% in the 30-day chart. Further, Sunrun Inc (RUN) has a beta value of 2.82, and an average true range (ATR) of 0.58. Analysts have given the company’s stock an average 52-week price target of $23, forecast between a low of $11 and high of $35. Looking at the price targets, the low is -31.11% off current price level while to achieve the yearly target high, price needs to move -317.16%. Nonetheless, investors will most likely welcome a -174.14% jump to $23 which is the analysts’ median price.
If we refocus on Sunrun Inc (NASDAQ:RUN), historical trading data shows that trading volumes averaged 8.90 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 111.61% of the company’s shares. Current price change has pushed the stock -9.30% 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.
