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ReNew Energy Global plc (NASDAQ: RNW) closed the day trading at $5.43 down -0.18% from the previous closing price of $5.44. In other words, the price has decreased by -$0.18 from its previous closing price. On the day, 0.63 million shares were traded. RNW stock price reached its highest trading level at $5.57 during the session, while it also had its lowest trading level at $5.405.
Ratios:
For a better understanding of RNW, let’s look at its different 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 1977593088 and an Enterprise Value of 691573882880. As of this moment, ReNew’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.43, and their Forward P/E ratio for the next fiscal year is 29.06. 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 1.39 while its Price-to-Book (P/B) ratio in mrq is 1.43. 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 0.91, which has changed by -0.17351598 over the last 52 weeks, in comparison to a change of 0.19362879 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 -20.16%, while the 200-Day Moving Average is calculated to be -23.10%.
Shares Statistics:
Over the past 3-months, RNW traded about 1.55M shares per day on average, while over the past 10 days, RNW traded about 1107890 shares per day. 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 44.72% stake in the company. Shares short for RNW as of 1765756800 were 2686755 with a Short Ratio of 1.73, 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 dynamic stock of ReNew Energy Global plc (RNW) is currently being evaluated by a team of 1.0 analysts, each contributing to its current rating.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
2 analysts predict $23.78B in revenue. The current 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.
