At the time of writing, Clean Energy Fuels Corp [CLNE] stock is trading at $3.10, up 6.16%. An important factor to consider is whether the stock is rising or falling in short-term value. The CLNE shares have gain 6.53% over the last week, with a monthly amount glided 5.44%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Clean Energy Fuels Corp [NASDAQ: CLNE] stock has seen the most recent analyst activity on October 03, 2023, when Raymond James upgraded its rating to a Strong Buy but kept the price target unchanged to $6 for it. Previously, Northland Capital started tracking the stock with Outperform rating on September 05, 2023, and set its price target to $7.50. On July 13, 2023, Stifel initiated with a Buy rating and assigned a price target of $6 on the stock. Raymond James upgraded its rating to a Outperform but stick to its price target of $6 on April 05, 2023. Piper Sandler initiated its recommendation with a Overweight and recommended $8 as its price target on February 28, 2023. UBS started tracking with a Buy rating for this stock on December 14, 2022, and assigned it a price target of $12. In a note dated October 19, 2022, Jefferies initiated an Buy rating and provided a target price of $9 on this stock.
For the past year, the stock price of Clean Energy Fuels Corp fluctuated between $2.17 and $4.12. Currently, Wall Street analysts expect the stock to reach $5 within the next 12 months. Clean Energy Fuels Corp [NASDAQ: CLNE] shares were valued at $3.10 at the most recent close of the market. An investor can expect a potential return of 61.29% based on the average CLNE price forecast.
Analyzing the CLNE fundamentals
According to Clean Energy Fuels Corp [NASDAQ:CLNE], the company’s sales were 403.63M for trailing twelve months, which represents an 12.59% jump. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at -0.11%, Pretax Profit Margin comes in at -0.2%, and Net Profit Margin reading is -0.2%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.11 and Total Capital is -0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.38.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.95 points at the first support level, and at 2.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.18, and for the 2nd resistance point, it is at 3.26.
Ratios To Look Out For
It is important to note that Clean Energy Fuels Corp [NASDAQ:CLNE] has a current ratio of 3.17. On the other hand, the Quick Ratio is 2.82, and the Cash Ratio is 0.88. Considering the valuation of this stock, the price to sales ratio is 1.72, the price to book ratio is 0.96.
