In last trading session, Sunrun Inc. (NASDAQ:RUN) saw 6.2 million shares changing hands with its beta currently measuring 2.25. Company’s recent per share price level of $34.35 trading at -$0.07 or -0.20% at ring of the bell on the day assigns it a market valuation of $7.34B. That closing price of RUN’s stock is at a discount of -76.42% from its 52-week high price of $60.60 and is indicating a premium of 51.09% from its 52-week low price of $16.80. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.2 million shares which gives us an average trading volume of 7.69 million if we extend that period to 3-months.
For Sunrun Inc. (RUN), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.10. Splitting up the data highlights that, out of 25 analysts covering the stock, 0 rated the stock as a Sell while 4 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 15 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.1 in the current quarter.
Sunrun Inc. (NASDAQ:RUN) trade information
Upright in the red during last session for losing -0.20%, in the last five days RUN remained trading in the red while hitting it’s week-highest on Thursday, 09/15/22 when the stock touched $34.35 price level, adding 12.22% to its value on the day. Sunrun Inc.’s shares saw a change of 0.15% in year-to-date performance and have moved -10.52% in past 5-day. Sunrun Inc. (NASDAQ:RUN) showed a performance of 10.31% in past 30-days. Number of shares sold short was 29.97 million shares which calculate 4.61 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $50.02 to the stock, which implies a rise of 31.33% to its current value. Analysts have been projecting $30.00 as a low price target for the stock while placing it at a high target of $79.00. It follows that stock’s current price would drop -129.99% in reaching the projected high whereas dropping to the targeted low would mean a gain of 12.66% for stock’s current value.
Sunrun Inc. (RUN) estimates and forecasts
Statistics highlight that Sunrun Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 7.71% of value to its shares in past 6 months, showing an annual growth rate of -135.90% while that of industry is 15.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 50.00% in the current quarter and calculating -127.30% decrease in the next quarter. This year revenue growth is estimated to rise 24.60% from the last financial year’s standing.
16 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $499.48 million for the same. And 16 analysts are in estimates of company making revenue of $524.3 million in the next quarter that will end on Sep 2022. Company posted $401.17 million and $438.76 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 24.50% while estimating it to be 19.50% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -20.50% during past 5 years.
Sunrun Inc. is more likely to be releasing its next quarterly report between February 23 and February 28 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Sunrun Inc. (NASDAQ:RUN)’s Major holders
Insiders are in possession of 6.08% of company’s total shares while institution are holding 96.21 percent of that, with stock having share float percentage of 102.44%. Investors also watch the number of corporate investors in a company very closely, which is 96.21% institutions for Sunrun Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at RUN for having 31.59 million shares of worth $959.34 million. And as of Mar 30, 2022, it was holding 15.03% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 18.0 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 8.57% of outstanding shares, having a total worth of $546.55 million.
On the other hand, iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 6.07 million shares of worth $141.69 million or 2.89% of the total outstanding shares. The later fund manager was in possession of 5.75 million shares on Mar 30, 2022, making its stake of worth around $174.52 million in the company or a holder of 2.73% of company’s stock.