Clean Energy Fuels Corp (NASDAQ: CLNE) Stock Declined -6.07% Last Week – That’s Proof That Its Volatility Isn’t Going Anywhere

Clean Energy Fuels Corp (NASDAQ:CLNE) does about 1.71M shares in volume on a normal day but saw 1653912 shares change hands in Friday’s trading. The company now has a market cap of 656.38M USD. Its current market price is $2.94, marking a decrease of -4.23% compared to the previous close of $3.07. The 52 week high reached by this stock is $5.25 whilst the lowest price level in 52 weeks is $2.17.

Clean Energy Fuels Corp (CLNE) has a 20-day trading average at $2.74 and the current price is -44.00% off the 52-week high compared with 35.48% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.53 and its 200-day simple moving average is $3.24. If we look at the stock’s price movements over the week, volatility stands at 7.39%, which decreases to 6.43% 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 58.90 to suggest the stock is neutral.

The consensus objective for the share price is $7.31, suggesting that the stock has a potential upside of 59.78% 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 down -6.07% over the week and 24.05% over the past month. Its price is -23.24% year-to-date and -35.95% over the past year.

To reach the target analysts have set, the stock logically needs to grow 59.78 percent from here.

The company has a return on investment of -7.38% and return on equity of -11.17%. The beta has a value of 2.19. Price to book ratio is 0.91 and price to sales ratio is 1.67.