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The price of ReNew Energy Global plc (NASDAQ: RNW) closed at $6.01 in the last session, up 0.50% from day before closing price of $5.98. In other words, the price has increased by $0.50 from its previous closing price. On the day, 2.95 million shares were traded. RNW stock price reached its highest trading level at $6.07 during the session, while it also had its lowest trading level at $5.91.
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 0.72 and its Current Ratio is at 0.73. In the meantime, Its Debt-to-Equity ratio is 6.23 whereas as Long-Term Debt/Eq ratio is at 5.45.
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 this company, Mizuho on November 21, 2023, initiated with a Buy rating and assigned the stock a target price of $8.
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 2195507200 and an Enterprise Value of 595091193856. As of this moment, ReNew’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.09, and their Forward P/E ratio for the next fiscal year is 16.27. 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 7.318 whereas that against EBITDA is 8.737.
Stock Price History:
The Beta on a monthly basis for RNW is 0.92, which has changed by 0.07706094 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, RNW has reached a high of $7.79, while it has fallen to a 52-week low of $4.78. The 50-Day Moving Average of the stock is -1.45%, while the 200-Day Moving Average is calculated to be -3.32%.
Shares Statistics:
According to the various share statistics, RNW traded on average about 1.19M shares per day over the past 3-months and 1409490 shares per day over the past 10 days. A total of 373.04M shares are outstanding, with a floating share count of 147.55M. Insiders hold about 60.45% of the company’s shares, while institutions hold 35.74% stake in the company. Shares short for RNW as of 1718323200 were 6293563 with a Short Ratio of 5.28, compared to 1715731200 on 4775841. Therefore, it implies a Short% of Shares Outstanding of 6293563 and a Short% of Float of 7.670000000000001.
