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ReNew Energy Global plc (NASDAQ: RNW) closed the day trading at $6.76 down -1.60% from the previous closing price of $6.87. In other words, the price has decreased by -$1.60 from its previous closing price. On the day, 0.52 million shares were traded. RNW stock price reached its highest trading level at $6.875 during the session, while it also had its lowest trading level at $6.75.
Ratios:
For a better understanding of RNW, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.64 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:
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 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 2451385600 and an Enterprise Value of 624777232384. As of this moment, ReNew’s Price-to-Earnings (P/E) ratio for their current fiscal year is 76.64, and their Forward P/E ratio for the next fiscal year is 24.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.51 while its Price-to-Book (P/B) ratio in mrq is 1.88. 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 11.31%, while the 200-Day Moving Average is calculated to be 12.69%.
Shares Statistics:
Over the past 3-months, RNW traded about 1.09M shares per day on average, while over the past 10 days, RNW traded about 2411780 shares per day. 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 39.17% stake in the company. Shares short for RNW as of 1730332800 were 6938050 with a Short Ratio of 4.36, compared to 1727654400 on 6852260. Therefore, it implies a Short% of Shares Outstanding of 6938050 and a Short% of Float of 10.100000000000001.
