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The price of ReNew Energy Global plc (NASDAQ: RNW) closed at $7.8 in the last session, up 2.09% from day before closing price of $7.64. In other words, the price has increased by $2.09 from its previous closing price. On the day, 0.78 million shares were traded. RNW stock price reached its highest trading level at $7.81 during the session, while it also had its lowest trading level at $7.65.
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 0.73 and its Current Ratio is at 0.77. In the meantime, Its Debt-to-Equity ratio is 6.14 whereas as Long-Term Debt/Eq ratio is at 5.16.
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 2829598208 and an Enterprise Value of 671867731968. As of this moment, ReNew’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.32, and their Forward P/E ratio for the next fiscal year is 24.56. 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 2.13 while its Price-to-Book (P/B) ratio in mrq is 2.05. Its current Enterprise Value per Revenue stands at 5.933 whereas that against EBITDA is 8.263.
Stock Price History:
The Beta on a monthly basis for RNW is 0.89, which has changed by 0.30434787 over the last 52 weeks, in comparison to a change of 0.18469036 over the same period for the S&P500. Over the past 52 weeks, RNW has reached a high of $7.89, while it has fallen to a 52-week low of $5.15. The 50-Day Moving Average of the stock is 3.54%, while the 200-Day Moving Average is calculated to be 15.88%.
Shares Statistics:
According to the various share statistics, RNW traded on average about 990.46K shares per day over the past 3-months and 878530 shares per day over the past 10 days. A total of 244.27M shares are outstanding, with a floating share count of 149.99M. Insiders hold about 58.66% of the company’s shares, while institutions hold 45.70% stake in the company. Shares short for RNW as of 1755216000 were 2029006 with a Short Ratio of 2.05, compared to 1752537600 on 1684467. Therefore, it implies a Short% of Shares Outstanding of 2029006 and a Short% of Float of 2.9499999999999997.
Earnings Estimates
ReNew Energy Global plc (RNW) is currently under the scrutiny of 1.0 analysts, each contributing to the ongoing evaluation of its stock.The consensus estimate for the next quarter is -$7.73, with high estimates of -$7.57 and low estimates of -$7.89.
Analysts are recommending an EPS of between $23.42 and $22.79 for the fiscal current year, implying an average EPS of $23.1. EPS for the following year is $30.18, with 2.0 analysts recommending between $30.67 and $29.68.
Revenue Estimates
According to 2 analysts, the current quarter’s revenue is expected to be $35.75B. It ranges from a high estimate of $36.15B to a low estimate of $35.35B. As of the current estimate, ReNew Energy Global plc’s year-ago sales were $26.92BFor the next quarter, 2 analysts are estimating revenue of $25.18B. There is a high estimate of $27.87B for the next quarter, whereas the lowest estimate is $22.48B.
A total of 4 analysts have provided revenue estimates for RNW’s current fiscal year. The highest revenue estimate was $139.82B, while the lowest revenue estimate was $125.45B, resulting in an average revenue estimate of $133.49B. In the same quarter a year ago, actual revenue was $97.06BBased on 4 analysts’ estimates, the company’s revenue will be $157.57B in the next fiscal year. The high estimate is $164.5B and the low estimate is $152.63B.
