Shares of Sunrun Inc. (NASDAQ:RUN) recorded -4.55% loss during trading session on November 8th, 2018. The script traded as low as $12.4 and last traded at $12.59. 2.17 million shares changed exchanged hands during trading, a drop of -23.71% from the 30-day average session volume of 1.75M shares. The firm had previously closed at $13.19. The company has $106.52M outstanding shares, a price-to-earnings ratio of 8.98, price-to-earnings-growth ratio of 2.23. The company has a RSI of 50.50, ATR of 0.71 and a volatility of 5.18% this week. RUN has a 52 week low price of $5.08 and a 52 week high price of $16.45.
Investors have identified the tech company Sunrun Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 1.34B, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Sunrun Inc. (RUN) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For RUN, the company has in raw cash 274.99 million on their books with 46.57 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 0 total, with 11000 as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
RUN were able to record 0 as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 0. In cash movements, the company had a total of 0 as operating cash flow.
Potential earnings growth for Sunrun Inc. (RUN)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Sunrun Inc. recorded a total of 204.96 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.29% coming in sequential stages and their sales for the third quarter increasing by 0.17%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 228.51 million trying to sell their products during the last quarter, with the result yielding a gross income of 23.55 million. This allows shareholders to hold on to 106.52M with the revenue now reading -390 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.22 cents a share).
Is the stock of RUN attractive?
Having a look at the company’s valuation, the company is expected to record 1.11 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on RUN sounds very interesting.
In related news, 10% Owner TIGER GLOBAL MANAGEMENT LLC bought 137,157 shares of the company’s stock in a transaction that recorded on October 11th, 2018. The purchase was performed at an average price of 11.13, for a total value of 1,526,105. As the purchase deal closes, the 10% Owner TIGER GLOBAL MANAGEMENT LLC now bought 19,339 shares of the company’s stock, valued at 231,322. Also, 10% Owner TIGER GLOBAL MANAGEMENT LLC bought 74,861 shares of the company’s stock in a deal that was recorded on October 9th, 2018. The shares were bought at an average cost of 11.98 per share, with a total market value of 15,074,861. Following this completion of disposal, the 10% Owner now holds 110,198 shares of the company’s stock, valued at 1,336,283. In the last 6 months, insiders have changed their ownership in shares of company stock by 5.30%.
3 out of 9 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on Sunrun Inc. stock. 0 analysts has assigned a Sell rating on the RUN stock. The 12-month mean consensus price target for the company’s shares has been set at $16.72.