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The closing price of ReNew Energy Global plc (NASDAQ: RNW) was $5.5 for the day, up 1.48% from the previous closing price of $5.42. In other words, the price has increased by $1.48 from its previous closing price. On the day, 0.62 million shares were traded. RNW stock price reached its highest trading level at $5.52 during the session, while it also had its lowest trading level at $5.38.
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.
On November 21, 2023, Mizuho started tracking the stock assigning a Buy rating and target price of $8.Mizuho initiated its Buy rating on November 21, 2023, with a $8 target price.
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 2003086976 and an Enterprise Value of 691599310848. As of this moment, ReNew’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.68, and their Forward P/E ratio for the next fiscal year is 29.67. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.41 while its Price-to-Book (P/B) ratio in mrq is 1.45. Its current Enterprise Value per Revenue stands at 5.633 whereas that against EBITDA is 8.287.
Stock Price History:
The Beta on a monthly basis for RNW is 0.89, which has changed by -0.19354838 over the last 52 weeks, in comparison to a change of 0.16098404 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 $5.05. The 50-Day Moving Average of the stock is -23.72%, while the 200-Day Moving Average is calculated to be -22.44%.
Shares Statistics:
RNW traded an average of 1.49M shares per day over the past three months and 3236160 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 1765756800 were 2686755 with a Short Ratio of 1.80, compared to 1763078400 on 2169723. Therefore, it implies a Short% of Shares Outstanding of 2686755 and a Short% of Float of 3.82.
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 $0.9, with high estimates of $0.9 and low estimates of $0.9.
Analysts are recommending an EPS of between $22.63 and $16.28 for the fiscal current year, implying an average EPS of $19.45. EPS for the following year is $28.39, with 2.0 analysts recommending between $29.65 and $27.13.
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 $27.11B 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 $30.25B. There is a high estimate of $33.04B 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 $136.92B. In the same quarter a year ago, actual revenue was $97.06BBased on 5 analysts’ estimates, the company’s revenue will be $154.94B in the next fiscal year. The high estimate is $165.43B and the low estimate is $141.49B.
