Clean Energy Fuels Corp (NASDAQ:CLNE) does about 1.66M shares in volume on a normal day but saw 1642211 shares change hands in Monday’s trading. The company now has a market cap of 582.66M USD. Its current market price is $2.61, marking a decrease of -2.61% compared to the previous close of $2.68. The 52 week high reached by this stock is $5.25 whilst the lowest price level in 52 weeks is $2.32.
Clean Energy Fuels Corp (CLNE) has a 20-day trading average at $2.60 and the current price is -50.29% off the 52-week high compared with 12.50% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.86 and its 200-day simple moving average is $3.75. If we look at the stock’s price movements over the week, volatility stands at 5.95%, which decreases to 5.32% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 45.56 to suggest the stock is neutral.
The consensus objective for the share price is $7.67, suggesting that the stock has a potential upside of 65.97% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 03, 2023 when Raymond James upgraded the stock to “Strong Buy” and issued a price target of $6. Stifel initiated its price target at $6.
Clean Energy Fuels Corp (CLNE) stock is up 6.10% over the week and -11.53% over the past month. Its price is -31.85% year-to-date and -38.00% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of $0.01 above consensus estimates by $0.01. CLNE’s earnings per share are forecast to shrink by -83.30% this year and 145.50% over next year. Expected sales for next quarter are $106.25 million, which analysts say will come at $440 million for the current fiscal year and next year at $492.42 million. In addition, estimates put the company’s current quarterly revenue at an average of $98.93 million.
To reach the target analysts have set, the stock logically needs to grow 65.97 percent from here.
Outstanding shares total 223.03M with insiders holding 21.11% of the shares and institutional holders owning 51.09% of the company’s common stock. The company has a return on investment of -9.22% and return on equity of -13.75%. The forward price to earnings ratio is 39.73. The beta has a value of 2.06. Price to book ratio is 0.80 and price to sales ratio is 1.37.
