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The closing price of ReNew Energy Global plc (NASDAQ: RNW) was $5.19 for the day, down -5.64% from the previous closing price of $5.5. In other words, the price has decreased by -$5.64 from its previous closing price. On the day, 4.71 million shares were traded. RNW stock price reached its highest trading level at $5.62 during the session, while it also had its lowest trading level at $5.05.
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 0.74 and its Current Ratio is at 0.77. In the meantime, Its Debt-to-Equity ratio is 6.23 whereas as Long-Term Debt/Eq ratio is at 5.08.
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 1890185728 and an Enterprise Value of 691486654464. As of this moment, ReNew’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.57, and their Forward P/E ratio for the next fiscal year is 28.22. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.33 while its Price-to-Book (P/B) ratio in mrq is 1.37. Its current Enterprise Value per Revenue stands at 5.632 whereas that against EBITDA is 8.286.
Stock Price History:
The Beta on a monthly basis for RNW is 0.92, which has changed by -0.20749277 over the last 52 weeks, in comparison to a change of 0.16081822 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 $5.26. The 50-Day Moving Average of the stock is -30.85%, while the 200-Day Moving Average is calculated to be -27.00%.
Shares Statistics:
RNW traded an average of 1.25M shares per day over the past three months and 1594980 shares per day over the past ten days. A total of 244.27M shares are outstanding, with a floating share count of 146.87M. Insiders hold about 59.67% of the company’s shares, while institutions hold 44.61% stake in the company. Shares short for RNW as of 1764288000 were 2456603 with a Short Ratio of 1.96, compared to 1761868800 on 2662348. Therefore, it implies a Short% of Shares Outstanding of 2456603 and a Short% of Float of 3.49.
Earnings Estimates
A comprehensive evaluation of ReNew Energy Global plc (RNW) is underway, with the input of 1.0 analysts contributing to its current rating.The consensus estimate for the next quarter is $0.89, with high estimates of $0.89 and low estimates of $0.89.
Analysts are recommending an EPS of between $22.63 and $15.97 for the fiscal current year, implying an average EPS of $19.3. EPS for the following year is $28.13, with 2.0 analysts recommending between $29.65 and $26.62.
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 $26.6B to a low estimate of $20.45B. As of. The current estimate, ReNew Energy Global plc’s year-ago sales were $21.55BFor the next quarter, 2 analysts are estimating revenue of $29.94B. There is a high estimate of $32.42B for the next quarter, whereas the lowest estimate is $27.46B.
A total of 5 analysts have provided revenue estimates for RNW’s current fiscal year. The highest revenue estimate was $151.77B, while the lowest revenue estimate was $123.17B, resulting in an average revenue estimate of $136.38B. In the same quarter a year ago, actual revenue was $97.06BBased on 5 analysts’ estimates, the company’s revenue will be $154.32B in the next fiscal year. The high estimate is $164.5B and the low estimate is $141.49B.
