ReNew Energy Global plc (NASDAQ:RNW) currently has a daily average trading volume of 1.11M but it saw 1247371 shares traded in last market. With a market cap of 2.50B USD, the company’s current market price of $6.70 came rising about 2.29 while comparing to the previous closing price of $6.55. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.49 and as low as $5.15. In the recent trading on the day, stock has struck highest price mark of $6.59 while lowest mark touched by it was $6.75.
Taking a look at 20-day trading activity of ReNew Energy Global plc (RNW) gives us an average price of $6.86, while its current price level is -10.55% below from 52-week high level whereas it is 30.09% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $6.28 while that of 200 days or SMA-200 reads an average of $6.04. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.35% during that period while stretching the period over a month that decreases to 2.86%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 51.13 which implies that the stock is in neutral territory.
Over the week, RNW’s stock price is moving -3.60% down while it is -7.07% when we observe its performance for the past one month. Year-to-date it is -1.90% down and over the past year, the stock is showing a downside performance of -7.71%.
The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of -4.24 while estimate for next year EPS is 6.58. In next quarter, company is expected to be making quarterly sales of $24.79B as analysts are expecting the sales for current fiscal year at $99.04B and seeing the company making $129.57B in sales next year. Moreover, analysts are in estimates of $20.22B for current-quarter revenue.
Currently, ReNew Energy Global plc’s total number of outstanding shares is 254.67M with 15.75% of that held by the insiders while 83.47% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 0.39% and return on equity (ROE) at 2.45%. It has a price to earnings ratio (P/E ratio) of 75.96 while having a 24.77 of forward P/E ratio. Stock’s beta reads 0.91. Stock has a price to book (P/B) ratio of 1.86 while price to sale or P/S ratio amounts to 2.49. Its return on asset (ROA) is 0.31% on average.
