Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Clean Energy Fuels Corp (NASDAQ: CLNE) closed the day trading at $2.21 down -0.45% from the previous closing price of $2.22. In other words, the price has decreased by $-0.45 from its previous closing price. On the day, 1.32 million shares were traded. CLNE stock price reached its highest trading level at $2.23 during the session, while it also had its lowest trading level at $2.17.
Ratios:
For a better understanding of CLNE, let’s 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 493411264 and an Enterprise Value of 597595072. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.16 while its Price-to-Book (P/B) ratio in mrq is 0.68. Its current Enterprise Value per Revenue stands at 1.406 whereas that against EBITDA is -18.317.
Stock Price History:
The Beta on a monthly basis for CLNE is 2.09, which has changed by -0.4609756 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, CLNE has reached a high of $5.25, while it has fallen to a 52-week low of $2.18. The 50-Day Moving Average of the stock is -17.58%, while the 200-Day Moving Average is calculated to be -38.53%.
Shares Statistics:
Over the past 3-months, CLNE traded about 1.68M shares per day on average, while over the past 10 days, CLNE traded about 1704130 shares per day. A total of 223.03M shares are outstanding, with a floating share count of 165.06M. Insiders hold about 26.06% of the company’s shares, while institutions hold 49.25% stake in the company. Shares short for CLNE as of 1711584000 were 13838407 with a Short Ratio of 8.21, compared to 1709164800 on 13160568. Therefore, it implies a Short% of Shares Outstanding of 13838407 and a Short% of Float of 8.180001.
Earnings Estimates
Investors are keenly observing as 8 analysts analyze and rate the current performance of Clean Energy Fuels Corp (CLNE) in the stock market.On average, analysts expect EPS of $-0.04 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 $-0.03, with high estimates of $0.01 and low estimates of $-0.12.
Analysts are recommending an EPS of between $-0.01 and $-0.45 for the fiscal current year, implying an average EPS of $-0.12. EPS for the following year is $0.05, with 7 analysts recommending between $0.16 and $-0.09.
Revenue Estimates
7 analysts predict $99.57M in revenue for the current quarter. It ranges from a high estimate of $112M 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 -24.70% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $106.25M, an increase of 17.30% over than the figure of $-24.70% 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 8 analysts have provided revenue estimates for CLNE’s current fiscal year. The highest revenue estimate was $504.9M, while the lowest revenue estimate was $391.81M, resulting in an average revenue estimate of $439.66M. In the same quarter a year ago, actual revenue was $425.16M, up 3.40% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $486.2M in the next fiscal year. The high estimate is $558.5M and the low estimate is $394.44M. The average revenue growth estimate for next year is up 10.60% from the average revenue estimate for this year.
