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The closing price of ReNew Energy Global plc (NASDAQ: RNW) was $6.10 for the day, up 3.74% from the previous closing price of $5.88. In other words, the price has increased by $3.74 from its previous closing price. On the day, 0.58 million shares were traded. RNW stock price reached its highest trading level at $6.11 during the session, while it also had its lowest trading level at $5.86.
Ratios:
Our analysis of RNW’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.66 and its Current Ratio is at 0.67. In the meantime, Its Debt-to-Equity ratio is 6.45 whereas as Long-Term Debt/Eq ratio is at 5.47.
On November 21, 2023, Mizuho started tracking the stock assigning a Buy rating and target price of $8.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 2215806720 and an Enterprise Value of 625002086400. As of this moment, ReNew’s Price-to-Earnings (P/E) ratio for their current fiscal year is 119.14, and their Forward P/E ratio for the next fiscal year is 20.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.28 while its Price-to-Book (P/B) ratio in mrq is 1.80. Its current Enterprise Value per Revenue stands at 7.613 whereas that against EBITDA is 10.2.
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 $5.24. The 50-Day Moving Average of the stock is 2.01%, while the 200-Day Moving Average is calculated to be -0.86%.
Shares Statistics:
RNW traded an average of 839.59K shares per day over the past three months and 1149780 shares per day over the past ten days. A total of 244.27M shares are outstanding, with a floating share count of 156.41M. Insiders hold about 58.07% of the company’s shares, while institutions hold 38.54% stake in the company. Shares short for RNW as of 1727654400 were 6852260 with a Short Ratio of 8.16, compared to 1724976000 on 6375160. Therefore, it implies a Short% of Shares Outstanding of 6852260 and a Short% of Float of 9.9700004.
