ReNew Energy Global plc (NASDAQ: RNW) on Tuesday, plunged -0.84% from the previous trading day, before settling in for the closing price of $5.93. Within the past 52 weeks, RNW’s price has moved between $5.24 and $7.79.
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During the last 5-year period, the sales growth of Utilities Sector giant was 14.86%. The company achieved an average annual earnings per share of -42.88%. With a float of $156.41 million, this company’s outstanding shares have now reached $244.27 million.
Let’s determine the extent of company efficiency that accounts for 3988 employees. In terms of profitability, gross margin is 95.76%, operating margin of 74.46%, and the pretax margin is 7.29%.
ReNew Energy Global plc (RNW) Breakdown of a Key Holders of the stock
Observing investor behavior towards Utilities – Renewable industry stocks is more important than anything else. The insider ownership of ReNew Energy Global plc is 58.07%, while institutional ownership is 38.54%. The most recent insider transaction that took place on Oct 04 ’24, was worth 216,804. Before that another transaction happened on Oct 07 ’24, when Company’s Officer proposed sale 200,000 for $6.29, making the entire transaction worth $1,258,000.
ReNew Energy Global plc (RNW) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around -42.88% per share during the next fiscal year.
ReNew Energy Global plc (NASDAQ: RNW) Trading Performance Indicators
ReNew Energy Global plc (RNW) is currently performing well based on its current performance indicators. A quick ratio of 0.66 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.05, a number that is poised to hit 0.12 in the next quarter and is forecasted to reach 0.30 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 1.27 million, which is a jump from its year-to-date volume of 0.89 million. As of the previous 9 days, the stock’s Stochastic %D was 53.46%. Additionally, its Average True Range was 0.19.
During the past 100 days, ReNew Energy Global plc’s (RNW) raw stochastic average was set at 34.53%, which indicates a significant increase from 25.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.64% in the past 14 days, which was lower than the 42.36% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.98, while its 200-day Moving Average is $6.16. However, in the short run, ReNew Energy Global plc’s stock first resistance to watch stands at $5.95. Second resistance stands at $6.01. The third major resistance level sits at $6.07. If the price goes on to break the first support level at $5.82, it is likely to go to the next support level at $5.76. Now, if the price goes above the second support level, the third support stands at $5.70.
ReNew Energy Global plc (NASDAQ: RNW) Key Stats
Market capitalization of the company is 2.19 billion based on 373,038K outstanding shares. Right now, sales total 1,158 M and income totals 41,000 K. The company made 299,000 K in profit during its latest quarter, and 5,000 K in sales during its previous quarter.
