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As of close of business last night, ReNew Energy Global plc’s stock clocked out at $7.29, down -2.02% from its previous closing price of $7.44. In other words, the price has decreased by -$2.02 from its previous closing price. On the day, 0.5 million shares were traded. RNW stock price reached its highest trading level at $7.49 during the session, while it also had its lowest trading level at $7.28.
Ratios:
To gain a deeper understanding of RNW’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.58 and its Current Ratio is at 0.60. In the meantime, Its Debt-to-Equity ratio is 6.50 whereas as Long-Term Debt/Eq ratio is at 5.24.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 2644585984 and an Enterprise Value of 705606582272. As of this moment, ReNew’s Price-to-Earnings (P/E) ratio for their current fiscal year is 49.73, and their Forward P/E ratio for the next fiscal year is 22.97. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.31 while its Price-to-Book (P/B) ratio in mrq is 2.01. Its current Enterprise Value per Revenue stands at 7.27 whereas that against EBITDA is 9.69.
Stock Price History:
The Beta on a monthly basis for RNW is 0.89, which has changed by 0.22934234 over the last 52 weeks, in comparison to a change of 0.18634176 over the same period for the S&P500. Over the past 52 weeks, RNW has reached a high of $7.76, while it has fallen to a 52-week low of $5.15. The 50-Day Moving Average of the stock is 1.43%, while the 200-Day Moving Average is calculated to be 11.62%.
Shares Statistics:
It appears that RNW traded 937.01K shares on average per day over the past three months and 643790 shares per day over the past ten days. A total of 244.41M shares are outstanding, with a floating share count of 150.12M. Insiders hold about 58.62% of the company’s shares, while institutions hold 45.96% stake in the company. Shares short for RNW as of 1752537600 were 1684467 with a Short Ratio of 1.80, compared to 1749772800 on 2673785. Therefore, it implies a Short% of Shares Outstanding of 1684467 and a Short% of Float of 2.4500001.
Earnings Estimates
At present, 2.0 analysts are actively evaluating the performance of ReNew Energy Global plc (RNW) in the stock market.The consensus estimate for the next quarter is $17.4, with high estimates of $20.5 and low estimates of $14.3.
Analysts are recommending an EPS of between $28.19 and $20.7 for the fiscal current year, implying an average EPS of $24.44. EPS for the following year is $32.71, with 2.0 analysts recommending between $34.66 and $30.75.
Revenue Estimates
In the current quarter, 2 analysts expect revenue to total $32.46B. It ranges from a high estimate of $33.38B to a low estimate of $31.54B. As of the current estimate, ReNew Energy Global plc’s year-ago sales were $22.81BFor the next quarter, 2 analysts are estimating revenue of $37.97B. There is a high estimate of $37.97B for the next quarter, whereas the lowest estimate is $37.97B.
A total of 3 analysts have provided revenue estimates for RNW’s current fiscal year. The highest revenue estimate was $130.25B, while the lowest revenue estimate was $124.62B, resulting in an average revenue estimate of $127.11B. In the same quarter a year ago, actual revenue was $97.06BBased on 4 analysts’ estimates, the company’s revenue will be $151.73B in the next fiscal year. The high estimate is $164.5B and the low estimate is $142.6B.
