Sunrun Inc (NASDAQ:RUN) shares traded -1.07% lower at $19.40 on Wall Street last session.
RUN stock price is now 26.58% away from the 50-day moving average and 41.97% away from the 200-day moving average. The market capitalization of the company currently stands at $4.34B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
, while ‘Piper Sandler’ rates the stock as ‘Overweight’
In other news, STEELE JEANNA, Chief Legal & People Officer sold 24,161 shares of the company’s stock on Aug 07 ’24. The stock was sold for $464,969 at an average price of $19.24. Upon completion of the transaction, the Chief Legal & People Officer now directly owns 310,617 shares in the company, valued at $6.03 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 07 ’24, Officer STEELE JEANNA bought 24,161 shares of the business’s stock. A total of $464,970 was incurred on buying the stock at an average price of $19.24. A total of 2.99% of the company’s stock is owned by insiders.
During the past 12 months, Sunrun Inc has had a low of $8.43 and a high of $20.68. As of last week, the company has a debt-to-equity ratio of 2.25, a current ratio of 1.66, and a quick ratio of 1.31. The fifty day moving average price for RUN is $15.4167 and a two-hundred day moving average price translates $13.717175 for the stock.
The latest earnings results from Sunrun Inc (NASDAQ: RUN) was released for 2024-06-30. The net profit margin was -66.36% and return on equity was -22.88% for RUN. The company reported revenue of $523.87 million for the quarter, compared to $590.19 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.24 percent.
