Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
In the latest session, ReNew Energy Global plc (NASDAQ: RNW) closed at $5.76 down -1.71% from its previous closing price of $5.86. In other words, the price has decreased by -$1.71 from its previous closing price. On the day, 1.18 million shares were traded. RNW stock price reached its highest trading level at $5.89 during the session, while it also had its lowest trading level at $5.7.
Ratios:
For a deeper understanding of ReNew Energy Global plc’s stock, let’s take a closer look at its various ratios. 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 2097778432 and an Enterprise Value of 691693748224. As of this moment, ReNew’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.61, and their Forward P/E ratio for the next fiscal year is 30.83. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.40. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.47 while its Price-to-Book (P/B) ratio in mrq is 1.52. Its current Enterprise Value per Revenue stands at 5.634 whereas that against EBITDA is 8.288.
Stock Price History:
The Beta on a monthly basis for RNW is 0.91, which has changed by -0.15683454 over the last 52 weeks, in comparison to a change of 0.16067612 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 -17.37%, while the 200-Day Moving Average is calculated to be -18.60%.
Shares Statistics:
For the past three months, RNW has traded an average of 1.53M shares per day and 1860690 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 44.64% stake in the company. Shares short for RNW as of 1765756800 were 2686755 with a Short Ratio of 1.76, 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
The stock of ReNew Energy Global plc (RNW) is currently in the spotlight, with 1.0 analysts actively rating and assessing its market standing.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
A total of 2 analysts believe the company’s revenue will be $23.78B this quarter.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.
