After finishing at $6.50 in the prior trading day, ReNew Energy Global plc (NASDAQ: RNW) closed at $6.54, up 0.62%. In other words, the price has increased by $+0.04 from its previous closing price. On the day, 495179 shares were traded.
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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 0.84 and its Current Ratio is at 0.85. In the meantime, Its Debt-to-Equity ratio is 6.33 whereas as Long-Term Debt/Eq ratio is at 5.36.
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 2.39B and an Enterprise Value of 8.94B. As of this moment, ReNew’s Price-to-Earnings (P/E) ratio for their current fiscal year is 55.14, and their Forward P/E ratio for the next fiscal year is 66.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.33 while its Price-to-Book (P/B) ratio in mrq is 1.95. Its current Enterprise Value per Revenue stands at 0.10 whereas that against EBITDA is 0.14.
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 $4.03. The 50-Day Moving Average of the stock is 6.86, while the 200-Day Moving Average is calculated to be 6.10.
Shares Statistics:
The stock has traded on average 553.34K shares per day over the past 3-months and 641.87k 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 147.54M. Insiders hold about 60.45% of the company’s shares, while institutions hold 35.53% stake in the company. Shares short for RNW as of Feb 15, 2024 were 3.78M with a Short Ratio of 6.84, compared to 4.26M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.04% and a Short% of Float of 4.61%.
Earnings Estimates
Its stock is currently analyzed by 2 different market analysts. On average, analysts expect EPS of -$0.11 for the current quarter, with a high estimate of -$0.04 and a low estimate of -$0.19, while EPS last year was $0. The consensus estimate for the next quarter is $0.1, with high estimates of $0.1 and low estimates of $0.1.
Analysts are recommending an EPS of between $0.08 and -$0.14 for the fiscal current year, implying an average EPS of -$0.05. EPS for the following year is $0, with 5 analysts recommending between $0.48 and -$0.32.
Revenue Estimates
2 analysts predict $229.89M in revenue for the current quarter. It ranges from a high estimate of $237.79M to a low estimate of $222M. As of the current estimate, ReNew Energy Global plc’s year-ago sales were $284M, an estimated decrease of -19.10% from the year-ago figure.
A total of 5 analysts have provided revenue estimates for RNW’s current fiscal year. The highest revenue estimate was $1.1B, while the lowest revenue estimate was $1B, resulting in an average revenue estimate of $1.05B. In the same quarter a year ago, actual revenue was $952M, up 10.10% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $1.31B in the next fiscal year. The high estimate is $1.46B and the low estimate is $1.18B. The average revenue growth estimate for next year is up 24.60% from the average revenue estimate for this year.
