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The closing price of ReNew Energy Global plc (NASDAQ: RNW) was $7.56 for the day, down -1.43% from the previous closing price of $7.67. In other words, the price has decreased by -$1.43 from its previous closing price. On the day, 1.35 million shares were traded. RNW stock price reached its highest trading level at $7.705 during the session, while it also had its lowest trading level at $7.55.
Ratios:
Our analysis of RNW’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.73 and its Current Ratio is at 0.77. In the meantime, Its Debt-to-Equity ratio is 6.14 whereas as Long-Term Debt/Eq ratio is at 5.16.
On November 21, 2023, Mizuho started tracking the stock assigning a Buy rating and 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 2742534656 and an Enterprise Value of 671780700160. As of this moment, ReNew’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.51, and their Forward P/E ratio for the next fiscal year is 24.06. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.34. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.06 while its Price-to-Book (P/B) ratio in mrq is 1.99. Its current Enterprise Value per Revenue stands at 5.932 whereas that against EBITDA is 8.262.
Stock Price History:
The Beta on a monthly basis for RNW is 0.89, which has changed by 0.23934424 over the last 52 weeks, in comparison to a change of 0.13724327 over the same period for the S&P500. Over the past 52 weeks, RNW has reached a high of $8.24, while it has fallen to a 52-week low of $5.15. The 50-Day Moving Average of the stock is -2.17%, while the 200-Day Moving Average is calculated to be 9.12%.
Shares Statistics:
RNW traded an average of 804.15K shares per day over the past three months and 976310 shares per day over the past ten days. A total of 244.27M shares are outstanding, with a floating share count of 149.99M. Insiders hold about 58.66% of the company’s shares, while institutions hold 45.30% stake in the company. Shares short for RNW as of 1759190400 were 2472497 with a Short Ratio of 3.07, compared to 1756425600 on 1896509. Therefore, it implies a Short% of Shares Outstanding of 2472497 and a Short% of Float of 3.5900000000000003.
Earnings Estimates
As of right now, 1.0 analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is -$7.73, with high estimates of -$7.57 and low estimates of -$7.89.
Analysts are recommending an EPS of between $23.42 and $22.79 for the fiscal current year, implying an average EPS of $23.1. EPS for the following year is $30.18, with 2.0 analysts recommending between $30.67 and $29.68.
Revenue Estimates
It is expected that $90B in revenue will be generated in . The current quarter, according to 2 analysts. It ranges from a high estimate of $36.15B to a low estimate of $35.35B. As of . The current estimate, ReNew Energy Global plc’s year-ago sales were $26.92BFor the next quarter, 2 analysts are estimating revenue of $25.18B. There is a high estimate of $27.87B for the next quarter, whereas the lowest estimate is $22.48B.
A total of 5 analysts have provided revenue estimates for RNW’s current fiscal year. The highest revenue estimate was $139.82B, while the lowest revenue estimate was $125.45B, resulting in an average revenue estimate of $132.08B. In the same quarter a year ago, actual revenue was $97.06BBased on 5 analysts’ estimates, the company’s revenue will be $154.57B in the next fiscal year. The high estimate is $164.5B and the low estimate is $142.6B.
