Sunrun Inc [NASDAQ: RUN] price plunged by -5.89 percent to reach at -$0.86.
The one-year RUN stock forecast points to a potential upside of 39.21. The average equity rating for RUN stock is currently 1.93, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Sunrun Inc [RUN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RUN shares is $22.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RUN stock is a recommendation set at 1.93. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Janney have made an estimate for Sunrun Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 27, 2024. The new note on the price target was released on January 04, 2024, representing the official price target for Sunrun Inc stock. Previously, the target price had yet another raise from $15 to $31, while Piper Sandler kept a Overweight rating on RUN stock.
The Average True Range (ATR) for Sunrun Inc is set at 0.90, with the Price to Sales ratio for RUN stock in the period of the last 12 months amounting to 1.49. The Price to Book ratio for the last quarter was 0.57, with the Price to Cash per share for the same quarter was set at 4.66.
RUN Stock Performance Analysis:
Sunrun Inc [RUN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.14. With this latest performance, RUN shares dropped by -27.29% in over the last four-week period, additionally plugging by 36.82% over the last 6 months – not to mention a rise of 29.96% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RUN stock in for the last two-week period is set at 27.02, with the RSI for the last a single of trading hit 20.47, and the three-weeks RSI is set at 33.16 for Sunrun Inc [RUN]. The present Moving Average for the last 50 days of trading for this stock 18.25, while it was recorded at 14.68 for the last single week of trading, and 14.65 for the last 200 days.
Insight into Sunrun Inc Fundamentals:
Sunrun Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.31 and a Current Ratio set at 1.66.
RUN Stock EPS
With the latest financial reports released by the company, Sunrun Inc posted -4.92/share EPS, while the average EPS was predicted by analysts to be reported at -0.2/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -4.72. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RUN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sunrun Inc go to -8.00%.
Sunrun Inc [RUN] Institutonal Ownership Details
There are presently around $117.05%, or 120.16%% of RUN stock, in the hands of institutional investors. The top three institutional holders of RUN stocks are: BLACKROCK INC. with ownership of 41.4 million shares, which is approximately 18.8283%. VANGUARD GROUP INC, holding 23.38 million shares of the stock with an approximate value of $$277.24 million in RUN stocks shares; and VANGUARD GROUP INC, currently with $$193.44 million in RUN stock with ownership which is approximately 7.4179%.
