Beyond market averages, investors looking for exceptional returns turn to stock picking. Skillful choices in individual stocks have the power to substantially increase your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The price of ReNew Energy Global plc (NASDAQ: RNW) closed at $6.94 in the last session, down -1.42% from day before closing price of $7.04. In other words, the price has decreased by -$1.42 from its previous closing price. On the day, 2.1 million shares were traded. RNW stock price reached its highest trading level at $7.14 during the session, while it also had its lowest trading level at $6.89.
Ratios:
We take a closer look at RNW’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.64 and its Current Ratio is at 0.65. In the meantime, Its Debt-to-Equity ratio is 6.30 whereas as Long-Term Debt/Eq ratio is at 5.27.
On November 21, 2023, Mizuho started tracking the stock assigning a Buy rating and target price of $8.
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 Oct 04 ’24 when Mehta Balram bought 34,468 shares for $6.29 per share.
Vaswani Kailash bought 200,000 shares of RNW for $1,258,000 on Oct 07 ’24.
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 2516659200 and an Enterprise Value of 624777232384. As of this moment, ReNew’s Price-to-Earnings (P/E) ratio for their current fiscal year is 78.68, and their Forward P/E ratio for the next fiscal year is 25.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.58 while its Price-to-Book (P/B) ratio in mrq is 1.93. Its current Enterprise Value per Revenue stands at 7.61 whereas that against EBITDA is 10.197.
Stock Price History:
Over the past 52 weeks, RNW has reached a high of $7.79, while it has fallen to a 52-week low of $5.15. The 50-Day Moving Average of the stock is 16.13%, while the 200-Day Moving Average is calculated to be 15.84%.
Shares Statistics:
According to the various share statistics, RNW traded on average about 1.07M shares per day over the past 3-months and 1944730 shares per day over the past 10 days. A total of 254.67M shares are outstanding, with a floating share count of 156.37M. Insiders hold about 58.08% of the company’s shares, while institutions hold 39.18% stake in the company. Shares short for RNW as of 1730332800 were 6938050 with a Short Ratio of 4.72, compared to 1727654400 on 6852260. Therefore, it implies a Short% of Shares Outstanding of 6938050 and a Short% of Float of 10.100000000000001.
