While Sunrun Inc has underperformed by -4.30%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RUN fell by -49.15%, with highs and lows ranging from $25.28 to $8.43, whereas the simple moving average fell by -20.25% in the last 200 days.
On February 27, 2024, Janney Downgraded Sunrun Inc (NASDAQ: RUN) to Neutral. A report published by KeyBanc Capital Markets on January 04, 2024, Downgraded its rating to ‘Sector Weight’ for RUN. Piper Sandler also Upgraded RUN shares as ‘Overweight’, setting a target price of $31 on the company’s shares in a report dated December 19, 2023. Jefferies Initiated an Buy rating on December 15, 2023, and assigned a price target of $25. Mizuho initiated its ‘Buy’ rating for RUN, as published in its report on November 21, 2023. Northland Capital’s report from November 02, 2023 suggests a price prediction of $12 for RUN shares, giving the stock a ‘Market Perform’ rating. BMO Capital Markets also rated the stock as ‘Market Perform’.
Analysis of Sunrun Inc (RUN)
Further, the quarter-over-quarter decrease in sales is -15.20%, showing a negative trend in the upcoming months.
One of the most important indicators of Sunrun Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -26.87% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.96, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and RUN is recording 15.13M average volume. On a monthly basis, the volatility of the stock is set at 7.17%, whereas on a weekly basis, it is put at 6.18%, with a gain of 0.50% over the past seven days. Furthermore, long-term investors anticipate a median target price of $21.71, showing growth from the present price of $12.02, which can serve as yet another indication of whether RUN is worth investing in or should be passed over.
How Do You Analyze Sunrun Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.86%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 101.28% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
RUN shares are owned by institutional investors to the tune of 101.28% at present.
