At the time of writing, ReNew Energy Global plc [RNW] stock is trading at $5.45, up 1.11%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RNW shares have gain 1.49% over the last week, with a monthly amount drifted -10.21%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
ReNew Energy Global plc [NASDAQ: RNW] stock has seen the most recent analyst activity on September 26, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight. Previously, Mizuho started tracking the stock with Buy rating on November 21, 2023, and set its price target to $8. On May 15, 2023, upgrade upgraded it’s rating to Outperform. Credit Suisse downgraded its rating to a Neutral. Goldman initiated its recommendation with a Buy and recommended $17 as its price target on December 07, 2021. BofA Securities upgraded its rating to Buy for this stock on October 28, 2021, and upped its price target to $12.
For the past year, the stock price of ReNew Energy Global plc fluctuated between $5.15 and $7.79. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. ReNew Energy Global plc [NASDAQ: RNW] shares were valued at $5.45 at the most recent close of the market. An investor can expect a potential return of 65.14% based on the average RNW price forecast.
Analyzing the RNW fundamentals
According to ReNew Energy Global plc [NASDAQ:RNW], the company’s sales were 997.69M for trailing twelve months, which represents an 5.77% jump. Gross Profit Margin for this corporation currently stands at 0.96% with Operating Profit Margin at 0.82%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.01 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of6.36.
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 5.36 points at the first support level, and at 5.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.50, and for the 2nd resistance point, it is at 5.56.
Ratios To Look Out For
It is important to note that ReNew Energy Global plc [NASDAQ:RNW] has a current ratio of 0.67. Further, the Quick Ratio stands at 0.66, while the Cash Ratio is 0.47. Considering the valuation of this stock, the price to sales ratio is 2.06, the price to book ratio is 1.61 and price to earnings (TTM) ratio is 106.45.
Transactions by insiders
Recent insider trading involved Mehta Balram, Officer, that happened on Oct 04 ’24 when 34468.0 shares were purchased. Officer, Vaswani Kailash completed a deal on Oct 07 ’24 to buy 0.2 million shares.
