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After finishing at $5.37 in the prior trading day, ReNew Energy Global plc (NASDAQ: RNW) closed at $5.23, down -2.61%. In other words, the price has decreased by -$2.61 from its previous closing price. On the day, 0.87 million shares were traded. RNW stock price reached its highest trading level at $5.3494 during the session, while it also had its lowest trading level at $5.185.
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.
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 1896560128 and an Enterprise Value of 624737320960. As of this moment, ReNew’s Price-to-Earnings (P/E) ratio for their current fiscal year is 102.15, and their Forward P/E ratio for the next fiscal year is 17.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.96 while its Price-to-Book (P/B) ratio in mrq is 1.54. Its current Enterprise Value per Revenue stands at 7.609 whereas that against EBITDA is 10.196.
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 $5.15. The 50-Day Moving Average of the stock is -12.68%, while the 200-Day Moving Average is calculated to be -13.23%.
Shares Statistics:
The stock has traded on average 814.74K shares per day over the past 3-months and 579890 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 39.06% stake in the company. Shares short for RNW as of 1728950400 were 6764014 with a Short Ratio of 8.52, compared to 1726185600 on 7073298. Therefore, it implies a Short% of Shares Outstanding of 6764014 and a Short% of Float of 9.8400004.
