The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
In the latest session, ReNew Energy Global plc (NASDAQ: RNW) closed at $6.45 down -4.59% from its previous closing price of $6.76. In other words, the price has decreased by -$4.59 from its previous closing price. On the day, 1.9 million shares were traded.
Ratios:
For a deeper understanding of ReNew Energy Global plc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.59 and its Current Ratio is at 0.60. In the meantime, Its Debt-to-Equity ratio is 6.80 whereas as Long-Term Debt/Eq ratio is at 5.62.
On November 21, 2023, Mizuho started tracking the stock assigning a Buy rating and target price of $8.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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:
As of this moment, ReNew’s Price-to-Earnings (P/E) ratio for their current fiscal year is 94.85, and their Forward P/E ratio for the next fiscal year is 24.26. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.34 while its Price-to-Book (P/B) ratio in mrq is 1.91.
Stock Price History:
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 -4.17%, while the 200-Day Moving Average is calculated to be 4.94%.
Shares Statistics:
A total of 254.67M shares are outstanding, with a floating share count of 156.39M. Insiders hold about 58.08% of the company’s shares, while institutions hold 39.12% stake in the company.
