The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
In the latest session, ReNew Energy Global plc (NASDAQ: RNW) closed at $7.61 up 0.26% from its previous closing price of $7.59. In other words, the price has increased by $0.26 from its previous closing price. On the day, 0.77 million shares were traded. RNW stock price reached its highest trading level at $7.615 during the session, while it also had its lowest trading level at $7.56.
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.
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 2771544064 and an Enterprise Value of 692365885440. As of this moment, ReNew’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.23, and their Forward P/E ratio for the next fiscal year is 28.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.94 while its Price-to-Book (P/B) ratio in mrq is 2.01. Its current Enterprise Value per Revenue stands at 5.639 whereas that against EBITDA is 8.296.
Stock Price History:
The Beta on a monthly basis for RNW is 0.88, which has changed by 0.24549913 over the last 52 weeks, in comparison to a change of 0.1326145 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 $5.41. The 50-Day Moving Average of the stock is -0.67%, while the 200-Day Moving Average is calculated to be 7.77%.
Shares Statistics:
For the past three months, RNW has traded an average of 1.11M shares per day and 1028440 over the past ten days. A total of 244.27M shares are outstanding, with a floating share count of 146.59M. Insiders hold about 59.75% of the company’s shares, while institutions hold 44.82% stake in the company. Shares short for RNW as of 1763078400 were 2169723 with a Short Ratio of 1.96, compared to 1760486400 on 1874087. Therefore, it implies a Short% of Shares Outstanding of 2169723 and a Short% of Float of 3.09.
Earnings Estimates
The firm’s stock currently is rated by 2.0 analysts. The consensus estimate for the next quarter is $0.93, with high estimates of $0.98 and low estimates of $0.89.
Analysts are recommending an EPS of between $15.97 and $15.97 for the fiscal current year, implying an average EPS of $15.97. EPS for the following year is $28.81, with 3.0 analysts recommending between $30.13 and $26.62.
Revenue Estimates
A total of 2 analysts believe the company’s revenue will be $23.91B this quarter.It ranges from a high estimate of $26.6B to a low estimate of $21.23B. 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 $30.34B. There is a high estimate of $32.42B for the next quarter, whereas the lowest estimate is $28.26B.
A total of 4 analysts have provided revenue estimates for RNW’s current fiscal year. The highest revenue estimate was $140.2B, while the lowest revenue estimate was $124.75B, resulting in an average revenue estimate of $130.19B. In the same quarter a year ago, actual revenue was $97.06BBased on 5 analysts’ estimates, the company’s revenue will be $154.2B in the next fiscal year. The high estimate is $164.5B and the low estimate is $142.6B.
