The price of Clearway Energy Inc (NYSE: CWEN) closed at $21.67 in the last session, down -2.30% from day before closing price of $22.18. In other words, the price has decreased by -$0.51 from its previous closing price. On the day, 880915 shares were traded. CWEN stock price reached its highest trading level at $22.23 during the session, while it also had its lowest trading level at $21.63.
Ratios:
We take a closer look at CWEN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.17. For the most recent quarter (mrq), Quick Ratio is recorded 1.66 and its Current Ratio is at 1.72. In the meantime, Its Debt-to-Equity ratio is 4.13 whereas as Long-Term Debt/Eq ratio is at 3.86.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 14 when Sotos Christopher S bought 4,000 shares for $23.68 per share. The transaction valued at 94,720 led to the insider holds 31,100 shares of the business.
TotalEnergies SE bought 71,980 shares of CWEN for $2,242,350 on Mar 31. The Director now owns 172,601 shares after completing the transaction at $31.15 per share. On Mar 31, another insider, Global Infrastructure Investor, who serves as the Director of the company, bought 71,980 shares for $31.15 each. As a result, the insider paid 2,242,350 and bolstered with 172,601 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 2.49B and an Enterprise Value of 10.62B. As of this moment, Clearway’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.09, and their Forward P/E ratio for the next fiscal year is 23.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.71 while its Price-to-Book (P/B) ratio in mrq is 1.21. Its current Enterprise Value per Revenue stands at 8.08 whereas that against EBITDA is 10.29.
Stock Price History:
Over the past 52 weeks, CWEN has reached a high of $32.24, while it has fallen to a 52-week low of $18.59. The 50-Day Moving Average of the stock is 25.21, while the 200-Day Moving Average is calculated to be 25.43.
Shares Statistics:
According to the various share statistics, CWEN traded on average about 1.35M shares per day over the past 3-months and 828.77k shares per day over the past 10 days. A total of 82.39M shares are outstanding, with a floating share count of 80.19M. Insiders hold about 31.47% of the company’s shares, while institutions hold 67.37% stake in the company. Shares short for CWEN as of Jan 31, 2024 were 3.04M with a Short Ratio of 2.25, compared to 4.23M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 2.60% and a Short% of Float of 4.90%.
Dividends & Splits
The forward annual dividend rate for CWEN is 1.54, which was 1.54 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 6.95%, it implies a Forward Annual Dividend Yield of 7.44%. The stock’s 5-year Average Dividend Yield is 4.66.
