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After finishing at $24.30 in the prior trading day, Clearway Energy Inc (NYSE: CWEN) closed at $24.11, down -0.78%. In other words, the price has decreased by -$0.78 from its previous closing price. On the day, 1.23 million shares were traded. CWEN stock price reached its highest trading level at $24.54 during the session, while it also had its lowest trading level at $24.02.
Ratios:
Our goal is to gain a better understanding of CWEN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.93 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.81. For the most recent quarter (mrq), Quick Ratio is recorded 1.65 and its Current Ratio is at 1.71. In the meantime, Its Debt-to-Equity ratio is 4.27 whereas as Long-Term Debt/Eq ratio is at 3.99.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on October 06, 2023, Upgraded its rating to Buy and sets its target price to $27 from $29 previously.
On June 10, 2022, CIBC started tracking the stock assigning a Neutral rating and target price of $36.CIBC initiated its Neutral rating on June 10, 2022, with a $36 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 28 ’24 when TotalEnergies SE bought 196,964 shares for $22.86 per share. The transaction valued at 4,502,833 led to the insider holds 295,235 shares of the business.
Global Infrastructure Investor bought 196,964 shares of CWEN for $4,502,833 on Mar 28 ’24. The Director now owns 295,235 shares after completing the transaction at $22.86 per share. On Aug 14 ’23, another insider, Sotos Christopher S, who serves as the PRESIDENT AND CEO of the company, bought 4,000 shares for $23.68 each. As a result, the insider paid 94,720 and bolstered with 31,100 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CWEN now has a Market Capitalization of 4765896192 and an Enterprise Value of 14073513984. As of this moment, Clearway’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.64, and their Forward P/E ratio for the next fiscal year is 25.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.89 while its Price-to-Book (P/B) ratio in mrq is 1.37. Its current Enterprise Value per Revenue stands at 10.918 whereas that against EBITDA is 14.893.
Stock Price History:
The Beta on a monthly basis for CWEN is 0.84, which has changed by -0.15699303 over the last 52 weeks, in comparison to a change of 0.23886502 over the same period for the S&P500. Over the past 52 weeks, CWEN has reached a high of $28.76, while it has fallen to a 52-week low of $18.59. The 50-Day Moving Average of the stock is -6.80%, while the 200-Day Moving Average is calculated to be 0.34%.
Shares Statistics:
The stock has traded on average 881.60K shares per day over the past 3-months and 918230 shares per day over the last 10 days, according to various share statistics. A total of 82.39M shares are outstanding, with a floating share count of 79.94M. Insiders hold about 31.71% of the company’s shares, while institutions hold 62.66% stake in the company. Shares short for CWEN as of 1718323200 were 3229770 with a Short Ratio of 3.66, compared to 1715731200 on 2521897. Therefore, it implies a Short% of Shares Outstanding of 3229770 and a Short% of Float of 5.59.
Dividends & Splits
In the trailing 12 months, CWEN’s forward annual dividend rate was 1.571, compared to 1.60 this year. Against a Trailing Annual Dividend Yield of 0.06465021The stock’s 5-year Average Dividend Yield is 4.61.
