Runway Growth Finance Corp (NASDAQ:RWAY) price on Friday, March 21, fall -1.03% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $10.59.
A look at the stock’s price movement, the close in the last trading session was $10.70, moving within a range at $10.24 and $10.67. The beta value (5-Year monthly) was 0.496 while the PE ratio in trailing twelve months stood at 5.53. Turning to its 52-week performance, $13.30 and $9.87 were the 52-week high and 52-week low respectively. Overall, RWAY moved -8.86% over the past month.
Runway Growth Finance Corp’s market cap currently stands at around $395.51 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-19. The company has a Forward Dividend ratio of 1.20, with its dividend yield at 11.33%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 33.14M for the company’s revenue for the quarter, with a low and high estimate of 32.91M and 33.4M respectively. The average forecast suggests down to a -17.16% 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 135.98M, representing a -5.98% 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 RWAY is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
3 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 2 analyst(s) rate the stock as a Hold, 1 recommend RWAY 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 Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
RWAY’s current price about -4.58% and -6.15% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.28, while 7-day volatility ratio is 2.56% and 2.23% in the 30-day chart. Further, Runway Growth Finance Corp (RWAY) has a beta value of 0.53, and an average true range (ATR) of 0.24. Analysts have given the company’s stock an average 52-week price target of $12.125, forecast between a low of $11 and high of $14.5. Looking at the price targets, the low is -3.87% off current price level while to achieve the yearly target high, price needs to move -36.92%. Nonetheless, investors will most likely welcome a -14.49% jump to $12.125 which is the analysts’ median price.
If we refocus on Runway Growth Finance Corp (NASDAQ:RWAY), historical trading data shows that trading volumes averaged 0.34 over the past 10 days and 254.78K over the past 3 months. The company’s latest data on shares outstanding shows there are 37.35 million shares.
The 1.14% of Runway Growth Finance Corp’s shares are in the hands of company insiders while institutional holders own 52.69% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.28 million on 2025-02-28, giving us a short ratio of 5.89. The data shows that as of 2025-02-28 short interest in Runway Growth Finance Corp (RWAY) stood at 480.99999999999994 of shares outstanding, with shares short rising to 1.13 million registered in 2025-01-31. Current price change has pushed the stock -3.38% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RWAY stock continues to rise going into the next quarter.
