For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
ReNew Energy Global plc (NASDAQ: RNW) closed the day trading at $5.42 up 1.88% from the previous closing price of $5.32. In other words, the price has increased by $1.88 from its previous closing price. On the day, 0.97 million shares were traded. RNW stock price reached its highest trading level at $5.48 during the session, while it also had its lowest trading level at $5.27.
Ratios:
For a better understanding of RNW, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.84 and its Current Ratio is at 0.85. In the meantime, Its Debt-to-Equity ratio is 6.33 whereas as Long-Term Debt/Eq ratio is at 5.36.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Mizuho on November 21, 2023, initiated with a Buy rating and assigned the stock a target price of $8.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RNW now has a Market Capitalization of 1979974784 and an Enterprise Value of 564759363584. As of this moment, ReNew’s Price-to-Earnings (P/E) ratio for their current fiscal year is 45.70, and their Forward P/E ratio for the next fiscal year is 53.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.93 while its Price-to-Book (P/B) ratio in mrq is 1.62. Its current Enterprise Value per Revenue stands at 6.528 whereas that against EBITDA is 9.454.
Stock Price History:
The Beta on a monthly basis for RNW is 0.93, which has changed by -0.04912281 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. Over the past 52 weeks, RNW has reached a high of $7.79, while it has fallen to a 52-week low of $4.78. The 50-Day Moving Average of the stock is -12.75%, while the 200-Day Moving Average is calculated to be -12.36%.
Shares Statistics:
Over the past 3-months, RNW traded about 620.96K shares per day on average, while over the past 10 days, RNW traded about 689770 shares per day. A total of 254.67M shares are outstanding, with a floating share count of 147.54M. Insiders hold about 60.45% of the company’s shares, while institutions hold 35.55% stake in the company. Shares short for RNW as of 1711584000 were 6105223 with a Short Ratio of 9.83, compared to 1709164800 on 4047359. Therefore, it implies a Short% of Shares Outstanding of 6105223 and a Short% of Float of 7.4399999999999995.
Earnings Estimates
The market rating for ReNew Energy Global plc (RNW) is a result of the insights provided by Genworth Financial Inc analysts actively involved in the assessment.The consensus estimate for the next quarter is $29.73, with high estimates of $3.41 and low estimates of $19.43.
