Sunrun Inc. (NASDAQ:RUN) does about 4.16M shares in volume on a normal day but saw 4009001 shares change hands in Monday trading. The company now has a market cap of 6.54B USD. Its current market price is $56.56, marking an increase of 1.88% compared to the previous close of $55.51. The 52 week high reached by this stock is $55.79 whilst the lowest price level in 52 weeks is $7.84. The script in recent trading has seen the stock touch a high of $56.97 and a low of $54.82.
Sunrun Inc. (RUN) has a 20-day trading average at $48.09 and the current price is 1.37% off the 52-week high compared with 621.83% distance from its 52-week low. The 50-day simple moving average of the closing price is $37.57 and its 200-day simple moving average is $20.85. If we look at the stock’s price movements over the week, volatility stands at 5.08%, which increases to 7.29% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 74.82 to suggest the stock is overbought.
9 analysts observing the Sunrun Inc. (RUN) stock have set the 12-month price targets for the company’s shares at between $25.00 and $61.00. The consensus objective for the share price is $50.61, suggesting that the stock has a potential downside of -11.76% over the period. The median price target is -8.77% away from the current levels at $52.00.
FactSet Research has provided data showing that 9 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 8 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 13, 2020 when KeyBanc Capital Markets upgraded the stock to “Overweight” and issued a price target of $32. KeyBanc Capital Markets downgraded the stock to “Sector Weight” from Overweight on February 19, 2020 at a price target of . JP Morgan initiated its price target at $19.
The current price level is 19.69%, 53.54%, and 174.09% away from its SMA20, SMA50, and SMA200 respectively, with the RUN price moving above the 50-day SMA on August 31. Sunrun Inc. (RUN) stock is up 10.89% over the week and 54.14% over the past month. Its price is 309.52% year-to-date and 268.92% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of -$0.11 below consensus estimates by -$0.27. The company’s next earnings report is expected on 11/04/2020, with forecasts estimating quarterly EPS at $0.18 and $0.21 for whole year. Expected sales for next quarter are $243.51 million, which analysts say will come at $848.98 million for the current fiscal year and next year at $1.2 billion. In addition, estimates put the company’s current quarterly revenue at an average of $214.14 million.
Its 12-month price target is $52.00. To reach the target analysts have set, the stock logically needs to shrink -11.76 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $25.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $61.00.
Outstanding shares total 120.28M with insiders holding 5.37% of the shares and institutional holders owning 96.32% of the company’s common stock. The company has a return on investment of -5.80% and return on equity of 0.00%. The forward price to earnings ratio is 98.53. The beta has a value of 1.90. Price to book ratio is 7.66 and price to sales ratio is 7.68.
According to a U.S. Securities and Exchange Commission filing, iShares Russell 2000 ETF has reduced its position in Sunrun Inc. (RUN) to 2,399,318 shares, mirroring a recent drop by -4.46%. iShares Russell 2000 ETF dumped -0.11 million shares of Sunrun Inc. common stock bringing its total worth to about $88.03 million at the end of recent close, SEC documents show. iShares Russell 2000 ETF isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which sold off 2016.0 shares to end up with 2,384,767 shares worth $87.5 million. Fidelity VIP – Mid Cap Portfolio cut their holdings by -6.53% in the company over the course of the most recent quarter. It now holds a 1.94% position in Sunrun Inc. thanks to 2.38 million shares amounting to $87.16 million.