ReNew Energy Global plc (NASDAQ: RNW) kicked off on Friday, up 4.62% from the previous trading day, before settling in for the closing price of $5.63. Over the past 52 weeks, RNW has traded in a range of $5.15-$7.79.
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A company in the Utilities sector has jumped its sales by 14.86% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 9.09%. With a float of $156.37 million, this company’s outstanding shares have now reached $244.27 million.
In an organization with 3988 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 96.71%, operating margin of 44.29%, and the pretax margin is 10.49%.
ReNew Energy Global plc (RNW) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Utilities – Renewable Industry. The insider ownership of ReNew Energy Global plc is 58.08%, while institutional ownership is 39.17%. 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) Latest Financial update
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported -8.3 earnings per share (EPS), higher than consensus estimate (set at -13) by 4.69. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.66 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 9.09% per share during the next fiscal year.
ReNew Energy Global plc (NASDAQ: RNW) Trading Performance Indicators
Take a look at ReNew Energy Global plc’s (RNW) current performance indicators. Last quarter, stock had a quick ratio of 0.64. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.29.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.09, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach 0.34 in one year’s time.
Technical Analysis of ReNew Energy Global plc (RNW)
Let’s dig in a bit further. During the last 5-days, its volume was 1.13 million. That was better than the volume of 0.87 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 72.36%. Additionally, its Average True Range was 0.23.
During the past 100 days, ReNew Energy Global plc’s (RNW) raw stochastic average was set at 48.36%, which indicates a significant decrease from 88.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.56% in the past 14 days, which was lower than the 38.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.90, while its 200-day Moving Average is $5.99. However, in the short run, ReNew Energy Global plc’s stock first resistance to watch stands at $6.04. Second resistance stands at $6.20. The third major resistance level sits at $6.41. If the price goes on to break the first support level at $5.68, it is likely to go to the next support level at $5.47. The third support level lies at $5.31 if the price breaches the second support level.
ReNew Energy Global plc (NASDAQ: RNW) Key Stats
The company with the Market Capitalisation of 2.30 billion has total of 362,631K Shares Outstanding. Its annual sales at the moment are 1,158 M in contrast with the sum of 41,000 K annual income. Company’s last quarter sales were recorded 299,000 K and last quarter income was 5,000 K.
