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After finishing at $5.57 in the prior trading day, ReNew Energy Global plc (NASDAQ: RNW) closed at $5.51, down -1.08%. In other words, the price has decreased by -$1.08 from its previous closing price. On the day, 0.71 million shares were traded. RNW stock price reached its highest trading level at $5.61 during the session, while it also had its lowest trading level at $5.495.
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 0.66 and its Current Ratio is at 0.67. In the meantime, Its Debt-to-Equity ratio is 6.45 whereas as Long-Term Debt/Eq ratio is at 5.47.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Mizuho on November 21, 2023, initiated with a Buy rating and assigned the stock a target price of $8.
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 2019850368 and an Enterprise Value of 624788111360. As of this moment, ReNew’s Price-to-Earnings (P/E) ratio for their current fiscal year is 107.62, and their Forward P/E ratio for the next fiscal year is 15.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.06 while its Price-to-Book (P/B) ratio in mrq is 1.63. Its current Enterprise Value per Revenue stands at 7.61 whereas that against EBITDA is 10.197.
Stock Price History:
Over the past 52 weeks, RNW has reached a high of $7.79, while it has fallen to a 52-week low of $4.78. The 50-Day Moving Average of the stock is -8.03%, while the 200-Day Moving Average is calculated to be -12.08%.
Shares Statistics:
The stock has traded on average 992.36K shares per day over the past 3-months and 600790 shares per day over the last 10 days, according to various share statistics. A total of 244.27M shares are outstanding, with a floating share count of 156.41M. Insiders hold about 58.07% of the company’s shares, while institutions hold 37.73% stake in the company. Shares short for RNW as of 1722384000 were 6697343 with a Short Ratio of 6.75, compared to 1719532800 on 6217002. Therefore, it implies a Short% of Shares Outstanding of 6697343 and a Short% of Float of 9.75.
