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After finishing at $6.57 in the prior trading day, ReNew Energy Global plc (NASDAQ: RNW) closed at $6.46, down -1.67%. In other words, the price has decreased by -$1.67 from its previous closing price. On the day, 1.01 million shares were traded. RNW stock price reached its highest trading level at $6.65 during the session, while it also had its lowest trading level at $6.425.
Ratios:
Our goal is to gain a better understanding of RNW by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.64 and its Current Ratio is at 0.65. In the meantime, Its Debt-to-Equity ratio is 6.30 whereas as Long-Term Debt/Eq ratio is at 5.27.
On November 21, 2023, Mizuho started tracking the stock assigning a Buy rating and target price of $8.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 2342596352 and an Enterprise Value of 624777232384. As of this moment, ReNew’s Price-to-Earnings (P/E) ratio for their current fiscal year is 73.24, and their Forward P/E ratio for the next fiscal year is 23.95. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.40 while its Price-to-Book (P/B) ratio in mrq is 1.80. Its current Enterprise Value per Revenue stands at 7.61 whereas that against EBITDA is 10.197.
Stock Price History:
The Beta on a monthly basis for RNW is 0.89, which has changed by 0.020186305 over the last 52 weeks, in comparison to a change of 0.21794415 over the same period for the S&P500. Over the past 52 weeks, RNW has reached a high of $7.49, while it has fallen to a 52-week low of $5.15. The 50-Day Moving Average of the stock is -1.04%, while the 200-Day Moving Average is calculated to be 6.26%.
Shares Statistics:
The stock has traded on average 1.18M shares per day over the past 3-months and 1206140 shares per day over the last 10 days, according to various share statistics. A total of 254.67M shares are outstanding, with a floating share count of 156.37M. Insiders hold about 58.08% of the company’s shares, while institutions hold 39.72% stake in the company. Shares short for RNW as of 1730332800 were 6938050 with a Short Ratio of 1.86, compared to 1727654400 on 6852260. Therefore, it implies a Short% of Shares Outstanding of 6938050 and a Short% of Float of 10.100000000000001.
