A new trading day began on Tuesday, with ReNew Energy Global plc (NASDAQ: RNW) stock price up 0.65% from the previous day of trading, before settling in for the closing price of $6.11. RNW’s price has ranged from $5.15 to $7.79 over the past 52 weeks.
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During the last 5-year period, the sales growth of Utilities Sector giant was 14.86%. Meanwhile, its annual earnings per share averaged -3.53%. With a float of $156.37 million, this company’s outstanding shares have now reached $254.67 million.
Let’s determine the extent of company efficiency that accounts for 3988 employees. In terms of profitability, gross margin is 96.71%, operating margin of 64.9%, and the pretax margin is 10.49%.
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 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) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around -3.53% 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 0.64. 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 0.30 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 0.82 million, which is a drop from its year-to-date volume of 0.87 million. As of the previous 9 days, the stock’s Stochastic %D was 83.03%. 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 65.36%, which indicates a significant decrease from 83.98% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.69% in the past 14 days, which was lower than the 38.64% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.85, while its 200-day Moving Average is $5.97. However, in the short run, ReNew Energy Global plc’s stock first resistance to watch stands at $6.22. Second resistance stands at $6.29. The third major resistance level sits at $6.44. If the price goes on to break the first support level at $6.01, it is likely to go to the next support level at $5.86. Now, if the price goes above the second support level, the third support stands at $5.79.
ReNew Energy Global plc (NASDAQ: RNW) Key Stats
With a market capitalization of 2.29 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 356,000 K while its latest quarter income was 59,000 K.
