A new trading day began on Tuesday, with ReNew Energy Global plc (NASDAQ: RNW) stock price down -3.52% from the previous day of trading, before settling in for the closing price of $5.96. RNW’s price has ranged from $5.26 to $7.79 over the past 52 weeks.
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Annual sales at Utilities sector company grew by 14.86% over the past five years. Meanwhile, its annual earnings per share averaged -42.96%. With a float of $156.41 million, this company’s outstanding shares have now reached $244.27 million.
Let’s look at the performance matrix of the company that is accounted 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) Insider Updates
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 58.07%, while institutional ownership is 38.79%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -42.96% 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 0.66. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.15.
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)
ReNew Energy Global plc (NASDAQ: RNW) saw its 5-day average volume 0.78 million, a negative change from its year-to-date volume of 0.88 million. As of the previous 9 days, the stock’s Stochastic %D was 48.20%. Additionally, its Average True Range was 0.17.
During the past 100 days, ReNew Energy Global plc’s (RNW) raw stochastic average was set at 25.18%, which indicates a significant increase from 0.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.94% in the past 14 days, which was lower than the 40.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.01, while its 200-day Moving Average is $6.09. Nevertheless, the first resistance level for the watch stands at $5.90 in the near term. At $6.06, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.13. If the price goes on to break the first support level at $5.67, it is likely to go to the next support level at $5.60. Assuming the price breaks the second support level, the third support level stands at $5.44.
ReNew Energy Global plc (NASDAQ: RNW) Key Stats
With a market capitalization of 2.14 billion, the company has a total of 362,631K Shares Outstanding. Currently, annual sales are 1,158 M while annual income is 41,000 K. The company’s previous quarter sales were 299,000 K while its latest quarter income was 5,000 K.
