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How to Buy Runway Growth Finance Stock

Runway Growth Finance Corp

Runway Growth Finance Corp. is a business development company specializing investments in senior-secured loans to late stage and growth companies.

Runway Growth Finance stock last closed at $11.86, up 0.08% from the previous day, and has decreased 5.72% in one year. It has underperformed other stocks in the Credit Services industry by 0.2 percentage points. Runway Growth Finance stock is currently +4.49% from its 52-week low of $11.35, and -13.68% from its 52-week high of $13.74.

As of Jul 17, 2024, there are 39.44M RWAY shares outstanding. The market value of RWAY is $467.74M. In the last 24 hours, 323,841 RWAY shares were traded.

How to Buy Runway Growth Finance Stock

Wondering how to invest in Runway Growth Finance stock? Here's how.
  1. Decide where to buy Runway Growth Finance stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you figure out where to buy Runway Growth Finance stock.
  2. Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Put funds into your brokerage account: Pick your method of payment and add your info.
  4. Research Runway Growth Finance stock: The Runway Growth Finance ticker symbol is RWAY. Is Runway Growth Finance stock a good investment? Should you buy shares of RWAY? How do RWAY's underlying business fundamentals look? Do top analysts think Runway Growth Finance is a good buy? Why has RWAY's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if RWAY is a good stock to buy).
  5. Execute your RWAY buy order: Decide if you will purchase RWAY shares at the current market price or use a limit order to purchase RWAY stock at a specific price.
  6. Watch your investment in RWAY: Create a watchlist to keep tabs on your investment in Runway Growth Finance shares.

Step 1: Decide where to buy Runway Growth Finance stock

You need a brokerage account to access the NASDAQ market and buy RWAY stock.

A brokerage account is an investment account that allows you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Open a brokerage account

Now that you've chosen the right brokerage, it's time to fill out some personal info so you can invest in RWAY stock today.

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Step 3: Put funds into your brokerage account

Now that you have filled out your info on investing apps, your next step is to transfer the money for your investment:

Check out the walkthrough below to see the process of transferring funds into your investment account.

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Step 4: Research Runway Growth Finance stock

After you have selected the best place to buy Runway Growth Finance stock, it's absolutely critical to analyze their stock prior to investing, so you truly comprehend the risk and opportunity.

Runway Growth Finance Metrics

RWAY Price
$11.86
1w %
2.24%
1y %
-5.72%
5y %
N/A
P/E
10.78x
P/B
0.88x
P/S
2.9x
PEG
0.21x
Revenue
$164.91M
Earnings
$44.40M
Fore. Rev. Growth
-5.34%
Fore. Earn. Growth
63.34%
Market Cap
$467.74M
Next Earnings
Aug 6, 2024
Next Dividend
N/A

Fundamentals of Runway Growth Finance

WallStreetZen was created to help everyday investors do more in-depth fundamental analysis in minutes instead of hours.

You can see all of the due diligence checks on RWAY's stock page.

How is RWAY stock valued?

Analysts use many financial metrics, analyses, models, and charts to gauge RWAY's intrinsic value.

Using relative valuations measures:

  • RWAY may be undervalued based on its P/E ratio of 10.78x, relative to Credit Services industry P/E ratio of 26.99x
  • RWAY could be undervalued based on its P/B ratio of 0.88x, relative to Credit Services industry P/B ratio of 4.97x
  • RWAY may be undervalued based on its PEG ratio of 0.21x

You can do additional valuation analysis on RWAY's stock here.

A quick look at RWAY Financials

Positive Health Checks:

  • RWAY's operating cash flow of $199.56M allows it to safely service it's debt of $475.91M.

Negative Health Checks:

  • Total RWAY debt is higher than 5 years ago, relative to shareholder equity.
  • RWAY profit margin has gone down from 32.4% to 26.9% in the past year.
  • RWAY earnings of $88.10M is not enough to cover its interest payments.
  • RWAY has a relatively high debt to equity ratio of 0.95.

Is Runway Growth Finance stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 6 sell side analysts who monitor RWAY, the consensus analyst rating on Runway Growth Finance is a Hold

It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.

Most Recent RWAY Analyst Forecasts

Melissa Wedel, a bottom 14% analyst from JP Morgan downgrades RWAY to a hold rating and lowers their RWAY price target from $13.50 to $12.50, on Mar 8, 2024.

You can dig deeper into what analysts are forecasting on the Runway Growth Finance stock forecast page.

RWAY Technicals

SMA10
11.74
SMA20
11.72
SMA50
11.86
SMA100
12.19
SMA200
12.47
MACD
-0.02
MACD Signal
-0.05
MACD Histogram
0.03
RSI
53.87
Stochastic %K
84.25
Stochastic %D
79
StochRSI %K
93.24
StochRSI %D
96.48

RWAY Growth Numbers

Last year, RWAY earnings were $44.40M. During the past five year, RWAY's earnings have increased by -6.01% per year. This was slower than the Credit Services industry average of 11.61%.

Last year, RWAY revenue was $164.91M. Over the last five year, RWAY's revenue has grown by 41.05% per year. This was faster than the Credit Services industry average of 10.11%.

Find out more about RWAY's earnings and revenue performance here.

What are RWAY insiders up to?

In the last year, executives and large shareholders at RWAY have sold more shares than they have bought.

Ocm Growth Holdings LLC, Director of RWAY, was the latest RWAY insider to sell. They sold $4,760,000.00 worth of RWAY shares on Jun 10, 2024.

Get more info about who owns RWAY shares here.

Can I get consistent income from RWAY stock?

Runway Growth Finance pays a dividend of 3.79%, compared to the Credit Services industry's average dividend yield of 4.01%. If you owned $1,000 worth of RWAY stock, you would have received $37.94 in the past 12 months.

Dig into more info about Runway Growth Finance dividend yield and history here.

What do other investors have to say about RWAY?

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Step 5: Execute your RWAY buy order

You have two primary options:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are generally the easiest way to buy.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at a specific dollar amount, place a limit order.

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Step 6: Watch your investment in RWAY

Now that you own some RWAY shares, you'll want to stay up-to-date on your new investment.

Add RWAY to a watchlist to keep track of your RWAY stock.

RWAY Feed

How to Buy Stock in Runway Growth Finance

To summarize, here are the 6 steps you need to take to buy Runway Growth Finance stock right now:

  1. Decide where to buy Runway Growth Finance stock
  2. Open a brokerage account
  3. Put funds into your brokerage account
  4. Research Runway Growth Finance stock
  5. Execute your RWAY buy order
  6. Watch your investment in RWAY

If you require a brokerage, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get the latest news on your new investment in Runway Growth Finance, get started below.

NASDAQ: RWAY
$11.86+0.01 (+0.08%)
Updated Jul 17, 2024
Open eToro Account
NASDAQ: RWAY
$11.86+0.01 (+0.08%)
Updated Jul 17, 2024
Open eToro Account

FAQ

How much does it cost to buy one Runway Growth Finance share?

As of Jul 17, 2024, it costs $11.86 to buy one share of Runway Growth Finance stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $5, you can buy 0.422 shares of RWAY.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Runway Growth Finance stock?

According to 6 Wall Street analysts who monitor Runway Growth Finance, their consensus recommendation is to hold Runway Growth Finance stock.

What is the best way to buy Runway Growth Finance stock?

One way to place an order for Runway Growth Finance stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.