On Tuesday, ReNew Energy Global plc (NASDAQ: RNW) was 1.32% up from the session before settling in for the closing price of $6.06. A 52-week range for RNW has been $5.15 – $7.49.
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Annual sales at Utilities sector company grew by 14.86% over the past five years. When this article was written, the company’s average yearly earnings per share was at -82.37%. With a float of $150.04 million, this company’s outstanding shares have now reached $254.67 million.
Let’s look at the performance matrix of the company that is accounted for 3988 employees. In terms of profitability, gross margin is 94.99%, operating margin of 60.93%, and the pretax margin is 10.54%.
ReNew Energy Global plc (RNW) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward ReNew Energy Global plc stocks. The insider ownership of ReNew Energy Global plc is 58.63%, while institutional ownership is 40.01%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of 14.71 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -82.37% per share during the next fiscal year.
ReNew Energy Global plc (NASDAQ: RNW) Trading Performance Indicators
You can see what ReNew Energy Global plc (RNW) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.59. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.16.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.07, a number that is poised to hit 0.01 in the next quarter and is forecasted to reach 0.27 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 1.3 million, a positive change from its year-to-date volume of 1.1 million. As of the previous 9 days, the stock’s Stochastic %D was 80.97%. 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 41.56%, which indicates a significant decrease from 88.96% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.45% in the past 14 days, which was higher than the 40.34% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.22, while its 200-day Moving Average is $6.13. Nevertheless, the first resistance level for the watch stands at $6.23 in the near term. At $6.31, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.40. 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 $5.97. Assuming the price breaks the second support level, the third support level stands at $5.89.
ReNew Energy Global plc (NASDAQ: RNW) Key Stats
There are 362,631K outstanding shares of the company, which has a market capitalization of 2.23 billion. As of now, sales total 1,158 M while income totals 41,000 K. Its latest quarter income was 248,000 K while its last quarter net income were -45,000 K.
