ReNew Energy Global plc (NASDAQ:RNW) currently has a daily average trading volume of 967.08K but it saw 808251 shares traded in last market. With a market cap of 2.31B USD, the company’s current market price of $6.38 came falling about -2.00 while comparing to the previous closing price of $6.51. 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 $6.235 while lowest mark touched by it was $6.43.
Taking a look at 20-day trading activity of ReNew Energy Global plc (RNW) gives us an average price of $6.14, while its current price level is -14.82% below from 52-week high level whereas it is 23.88% 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 $6.16 while that of 200 days or SMA-200 reads an average of $6.15. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.45% during that period while stretching the period over a month that increases to 3.76%. 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 55.41 which implies that the stock is in neutral territory.
Over the week, RNW’s stock price is moving 0.63% up while it is 8.32% when we observe its performance for the past one month. Year-to-date it is -6.59% down and over the past year, the stock is showing an upside performance of 15.79%.
The company is expected to be releasing its next quarterly report on 2025-Feb-17, for which analysts forecasted an EPS of 0.0 while estimate for next year EPS is 2.6. In next quarter, company is expected to be making quarterly sales of $36.27B as analysts are expecting the sales for current fiscal year at $97.68B and seeing the company making $130.51B in sales next year. Moreover, analysts are in estimates of $24.9B 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 83.51% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 0.30% and return on equity (ROE) at 2.00%. It has a price to earnings ratio (P/E ratio) of 93.82 while having a 23.39 of forward P/E ratio. Stock’s beta reads 0.87. Stock has a price to book (P/B) ratio of 1.89 while price to sale or P/S ratio amounts to 2.25. Its return on asset (ROA) is 0.23% on average.
