After finishing at $2.46 in the prior trading day, Clean Energy Fuels Corp (NASDAQ: CLNE) closed at $2.42, down -1.63%. In other words, the price has decreased by -$0.0400 from its previous closing price. On the day, 1118438 shares were traded. CLNE stock price reached its highest trading level at $2.5199 during the session, while it also had its lowest trading level at $2.4200.
Ratios:
Our goal is to gain a better understanding of CLNE by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.59 and its Current Ratio is at 2.87. In the meantime, Its Debt-to-Equity ratio is 0.50 whereas as Long-Term Debt/Eq ratio is at 0.48.
On September 05, 2023, Northland Capital started tracking the stock assigning a Outperform rating and target price of $7.50.
On July 13, 2023, Stifel started tracking the stock assigning a Buy rating and target price of $6.Stifel initiated its Buy rating on July 13, 2023, with a $6 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CLNE now has a Market Capitalization of 546.93M and an Enterprise Value of 644.31M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.27 while its Price-to-Book (P/B) ratio in mrq is 0.74. Its current Enterprise Value per Revenue stands at 1.52 whereas that against EBITDA is -20.18.
Stock Price History:
Over the past 52 weeks, CLNE has reached a high of $5.25, while it has fallen to a 52-week low of $2.44. The 50-Day Moving Average of the stock is 2.9118, while the 200-Day Moving Average is calculated to be 3.7866.
Shares Statistics:
The stock has traded on average 1.60M shares per day over the past 3-months and 1.69M shares per day over the last 10 days, according to various share statistics. A total of 223.03M shares are outstanding, with a floating share count of 165.01M. Insiders hold about 26.08% of the company’s shares, while institutions hold 49.15% stake in the company. Shares short for CLNE as of Feb 29, 2024 were 13.16M with a Short Ratio of 8.22, compared to 11.73M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.90% and a Short% of Float of 7.83%.
Earnings Estimates
Its stock is currently analyzed by 7 different market analysts. On average, analysts expect EPS of -$0.05 for the current quarter, with a high estimate of -$0.01 and a low estimate of -$0.14, while EPS last year was -$0.07. The consensus estimate for the next quarter is -$0.04, with high estimates of $0.01 and low estimates of -$0.12.
Analysts are recommending an EPS of between -$0.02 and -$0.45 for the fiscal current year, implying an average EPS of -$0.13. EPS for the following year is $0.03, with 6 analysts recommending between $0.12 and -$0.09.
Revenue Estimates
6 analysts predict $96.75M in revenue for the current quarter. It ranges from a high estimate of $103.2M to a low estimate of $92.7M. As of the current estimate, Clean Energy Fuels Corp’s year-ago sales were $132.18M, an estimated decrease of -26.80% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $106.96M, an increase of 18.10% over than the figure of -$26.80% in the same quarter last year. There is a high estimate of $116.5M for the next quarter, whereas the lowest estimate is $97.39M.
A total of 7 analysts have provided revenue estimates for CLNE’s current fiscal year. The highest revenue estimate was $512.4M, while the lowest revenue estimate was $391.81M, resulting in an average revenue estimate of $441.43M. In the same quarter a year ago, actual revenue was $425.16M, up 3.80% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $483.65M in the next fiscal year. The high estimate is $602M and the low estimate is $394.44M. The average revenue growth estimate for next year is up 9.60% from the average revenue estimate for this year.
