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The closing price of ReNew Energy Global plc (NASDAQ: RNW) was $5.71 for the day, down -1.72% from the previous closing price of $5.81. In other words, the price has decreased by -$1.72 from its previous closing price. On the day, 0.53 million shares were traded. RNW stock price reached its highest trading level at $5.83 during the session, while it also had its lowest trading level at $5.7.
Ratios:
Our analysis of RNW’s different ratios will help us gain a deeper understanding of the company. 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 2113316736 and an Enterprise Value of 564864679936. As of this moment, ReNew’s Price-to-Earnings (P/E) ratio for their current fiscal year is 48.15, and their Forward P/E ratio for the next fiscal year is 67.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.03 while its Price-to-Book (P/B) ratio in mrq is 1.71. Its current Enterprise Value per Revenue stands at 6.529 whereas that against EBITDA is 9.456.
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 -6.89%, while the 200-Day Moving Average is calculated to be -7.70%.
Shares Statistics:
RNW traded an average of 652.47K shares per day over the past three months and 868560 shares per day over the past ten days. 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 35.55% stake in the company. Shares short for RNW as of 1711584000 were 6105223 with a Short Ratio of 9.36, compared to 1709164800 on 4047359. Therefore, it implies a Short% of Shares Outstanding of 6105223 and a Short% of Float of 7.4399999999999995.
