In What Direction Will Clean Energy Fuels Corp.’s (NASDAQ:CLNE) Stock Goes From Here?

As of close of business last night, Clean Energy Fuels Corp.’s stock clocked out at $4.44, down -3.27% from its previous closing price of $4.59. In other words, the price has decreased by -$0.1500 from its previous closing price. On the day, 1445806 shares were traded. CLNE stock price reached its highest trading level at $4.5900 during the session, while it also had its lowest trading level at $4.4400.

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To gain a deeper understanding of CLNE’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.70 and its Current Ratio is at 2.90. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.21.

Upgrades & Downgrades

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 27 when Corbus Barclay sold 5,643 shares for $5.69 per share. The transaction valued at 32,133 led to the insider holds 624,458 shares of the business.

Corbus Barclay sold 11,286 shares of CLNE for $61,960 on Jan 23. The SVP, STRATEGIC DEVELOPMENT now owns 630,101 shares after completing the transaction at $5.49 per share. On Jan 23, another insider, Pratt Mitchell W, who serves as the COO AND SECRETARY of the company, sold 8,140 shares for $5.57 each. As a result, the insider received 45,307 and left with 854,313 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CLNE now has a Market Capitalization of 971.88M and an Enterprise Value of 910.12M. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.15 while its Price-to-Book (P/B) ratio in mrq is 1.42. Its current Enterprise Value per Revenue stands at 1.94 whereas that against EBITDA is -74.65.

Stock Price History:

Over the past 52 weeks, CLNE has reached a high of $8.58, while it has fallen to a 52-week low of $3.84. The 50-Day Moving Average of the stock is 4.3160, while the 200-Day Moving Average is calculated to be 5.6315.

Shares Statistics:

It appears that CLNE traded 2.23M shares on average per day over the past three months and 1.77M shares per day over the past ten days. A total of 222.72M shares are outstanding, with a floating share count of 176.11M. Insiders hold about 0.60% of the company’s shares, while institutions hold 47.70% stake in the company. Shares short for CLNE as of Apr 27, 2023 were 12.4M with a Short Ratio of 12.40M, compared to 12.05M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.56% and a Short% of Float of 7.39%.

Earnings Estimates

As of right now, 8 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.02 for the current quarter, with a high estimate of $0.01 and a low estimate of -$0.11, while EPS last year was $0. The consensus estimate for the next quarter is -$0.01, with high estimates of $0.04 and low estimates of -$0.09.

Analysts are recommending an EPS of between -$0.03 and -$0.37 for the fiscal current year, implying an average EPS of -$0.14. EPS for the following year is -$0.1, with 5 analysts recommending between $0.1 and -$0.36.

Revenue Estimates

In the current quarter, 6 analysts expect revenue to total $103.75M. It ranges from a high estimate of $136.81M to a low estimate of $79.8M. As of the current estimate, Clean Energy Fuels Corp.’s year-ago sales were $97.22M, an estimated increase of 6.70% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $108.63M, a decrease of -13.60% less than the figure of $6.70% in the same quarter last year. There is a high estimate of $144.86M for the next quarter, whereas the lowest estimate is $85.8M.

A total of 7 analysts have provided revenue estimates for CLNE’s current fiscal year. The highest revenue estimate was $616.6M, while the lowest revenue estimate was $343.1M, resulting in an average revenue estimate of $474.22M. In the same quarter a year ago, actual revenue was $420.16M, up 12.90% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $489.32M in the next fiscal year. The high estimate is $606.7M and the low estimate is $370.8M. The average revenue growth estimate for next year is up 3.20% from the average revenue estimate for this year.