A new trading day began on November 20, 2023, with ReNew Energy Global plc (NASDAQ: RNW) stock priced at $6.47, up 8.60% from the previous day of trading. During the day, the shares moved up to $6.90 and dropped to $6.1005 before settling in for the closing price of $5.93. RNW’s price has ranged from $4.03 to $6.58 over the past 52 weeks.
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During the last 5-year period, the sales growth of Utilities Sector giant was 21.84%. Meanwhile, its annual earnings per share averaged 56.61%. With a float of $145.50 million, this company’s outstanding shares have now reached $254.67 million.
Let’s determine the extent of company efficiency that accounts for 2481 employees. In terms of profitability, gross margin is +63.92, operating margin of +50.14, and the pretax margin is -3.28.
ReNew Energy Global plc (RNW) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Utilities – Renewable Industry. The insider ownership of ReNew Energy Global plc is 61.00%, while institutional ownership is 34.84%.
ReNew Energy Global plc (RNW) Recent Fiscal highlights
In its latest quarterly report, released on 6/29/2023, the company reported earnings of $0.09 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -6.16 while generating a return on equity of -4.19. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.14 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 56.61% per share during the next fiscal year.
ReNew Energy Global plc (NASDAQ: RNW) Trading Performance Indicators
Here are ReNew Energy Global plc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.87. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.36.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.10, a number that is poised to hit -0.10 in the next quarter and is forecasted to reach 0.49 in one year’s time.
Technical Analysis of ReNew Energy Global plc (RNW)
Looking closely at ReNew Energy Global plc (NASDAQ: RNW), its last 5-days average volume was 0.8 million, which is a jump from its year-to-date volume of 0.79 million. As of the previous 9 days, the stock’s Stochastic %D was 53.53%. Additionally, its Average True Range was 0.29.
During the past 100 days, ReNew Energy Global plc’s (RNW) raw stochastic average was set at 78.30%, which indicates a significant increase from 69.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.48% in the past 14 days, which was higher than the 48.57% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.64, while its 200-day Moving Average is $5.55. However, in the short run, ReNew Energy Global plc’s stock first resistance to watch stands at $6.86. Second resistance stands at $7.28. The third major resistance level sits at $7.66. If the price goes on to break the first support level at $6.06, it is likely to go to the next support level at $5.68. Now, if the price goes above the second support level, the third support stands at $5.26.
ReNew Energy Global plc (NASDAQ: RNW) Key Stats
With a market capitalization of 2.40 billion, the company has a total of 373,038K Shares Outstanding. Currently, annual sales are 1,087 M while annual income is -58,000 K. The company’s previous quarter sales were 300,000 K while its latest quarter income was 36,000 K.