TOTAL MARKETING SERVICES S.A.S Acquires Clean Energy Fuels Corp. (CLNE) Shares

Clean Energy Fuels Corp. (NASDAQ:CLNE) trading with an addition of $0.29 to $8.14 on Thursday, an upside of 3.69 percent. An average of 3,045,703 shares of common stock have been traded in the last five days. There was a fall of -$0.01 in the past week. The last 20 days have seen an average of 5,053,451 shares traded, while the 50-day average volume stands at 5,168,138.

CLNE stock has decreased by -1.38% in the last month. The company shares reached their 1-month lowest point of $7.46 on 09/20/21. With the stock rallying to its 52-week high on 02/10/21, shares of the company touched a low of $2.39 and a high of $19.79 in 52 weeks. In spite of this, the price is down -58.87% from the 52-week high.

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Insider Transactions

114 days have passed since Clean Energy Fuels Corp. (CLNE) last reported insider trading activity. TOTAL MARKETING SERVICES S.A.S, who is 10% Owner, most recently acquired $750,000 shares at $11.17 per share on Jun 15. In this transaction, the insider spent $8,377,800. Chief Financial Officer, Vreeland Robert M., disposed of 171,083 shares at a price of $11.63 on Jun 15. The insider now owns more than $1,989,537 worth of shares. Prior to that, 10% Owner TOTAL MARKETING SERVICES S.A.S went on to Sale 730,000 shares at $11.69 each on Jun 14. An amount of $8,533,846 was transacted.

Valuation Metrics

Clean Energy Fuels Corp. (CLNE) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 18.87 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Clean Energy Fuels Corp.’s PE ratio has ranged between 50.18 and 8.339. The stock’s beta is 1.88. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 7.66, the price-to-book (PB) ratio at 2.17, and the price-to-cash flow ratio at 182.20.

The quick ratio of Clean Energy Fuels Corp. for the three months ended June 29 was 4.20, and the current ratio was 4.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.04 and a total debt to equity ratio of 0.06 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 14.40% against a 5-year average of 19.6%. Clean Energy Fuels Corp.’s EBITDA margin for the year ending June 29 is 13.27%, while its operating margin for the same period stands at -40.70%. Its gross profit as reported stood at $106.31 million compared to revenue of $291.72 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Clean Energy Fuels Corp.’s return on assets was -12.10%, compared to -1.9% over the last five years. In the past year, the return on investment has been -1.90%, and the 5-year average is -0.8%. Meanwhile, the return on equity (ROE) for the past 12 months has been -16.00% and the 5-year average holds at -3.9%. For the broader industry, ROE averaged 12.45 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Clean Energy Fuels Corp. had $120.21 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $0.48 million in the quarter, while revenues of $77.14 million were shrunk -12372.92%. The analyst consensus anticipated Clean Energy Fuels Corp.’s latest quarter earnings to come in at $0 per share, but it turned out to be $0.01. For the quarter, EBITDA amounted to -$68.02 million. Shareholders own equity worth $222.99 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Clean Energy Fuels Corp. (CLNE) price momentum. RSI 9-day as of the close on 06 October was 50.15%, suggesting the stock is Neutral, with historical volatility in this time frame at 91.87%.

As of today, CLNE’s price is $8.12 -0.14% or -$0.01 from its 5-day moving average. CLNE is currently trading +2.37% higher than its 20-day SMA and +0.11% higher than its 100-day SMA. However, the stock’s current price level is +5.02% above the SMA50 and +37.02% above the SMA200.

The stochastic %K and %D were 29.17% and 32.40%, respectively, and the average true range (ATR) was 0.46. With the 14-day stochastic at 35.17% and the average true range at 0.47, the RSI (14) stands at 50.70%. The stock has reached -0.26 on the 9-day MACD Oscillator while the 14-day reading was at -0.17.

Analyst Ratings

Evercore ISI launched coverage on Clean Energy Fuels Corp. (NASDAQ: CLNE) in its analyst report released on July 15, 2021. The firm assigned the stock a an Underperform rating.The consensus rating for Clean Energy Fuels Corp. (CLNE) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell CLNE, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.

What is CLNE’s price target for the next 12 months?

Analysts predict a range of price targets between $10.00 and $27.00, with a median target of $13.50. Taking a look at these predictions, the average price target given by analysts for Clean Energy Fuels Corp. (CLNE) stock is $15.83.


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