Would It Be A Good Move Today To Buy Clean Energy Fuels Corp. (CLNE) Stock?

As of Friday close, Clean Energy Fuels Corp.’s (NASDAQ:CLNE) stock was up $0.46, moving up 10.45 percent to $4.86. The average number of shares traded per day over the past five days has been 4,873,640 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.27 fall in that time frame. In the last twenty days, the average volume was 3,267,050, while in the previous 50 days, it was 3,357,476.


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Since last month, CLNE stock retreated -35.20%. Shares of the company fell to $4.02 on 05/12/22, the lowest level in the past month. A 52-week high of $14.50 was reached on 04/05/22 after having rallying from a 52-week low of $4.02. Since the beginning of this year, CLNE’s stock price has dropped by -20.72% or -$1.27, and marked a new high 13 times. However, the stock has declined by -66.48% since its 52-week high.

Clean Energy Fuels Corp. (CLNE) last reported insider trading activity 2 days ago on May 12. Littlefair Andrew J, the CEO and President of the company, purchased of 25,000 shares for $4.09 on May 12. It resulted in a $102,365 investment by the insider. TOTAL MARKETING SERVICES S.A.S sold 750,000 shares at an average price of $11.17 on Jun 15. The insider now owns 42,581,801 shares following the transaction. On Jun 15, Chief Financial Officer Vreeland Robert M. sold 171,083 shares at $11.63 apiece. The transaction was valued at $1,989,537.

Valuation Metrics

The stock’s beta is 1.89. Besides these, the trailing price-to-sales (P/S) ratio of 4.78, the price-to-book (PB) ratio of 1.48, and the price-to-cash flow ratio of 79.32 may also be considered.

Financial Health

In the three months ended September 29, Clean Energy Fuels Corp.’s quick ratio stood at 3.30, while its current ratio was 3.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.04, and the total debt-to-equity ratio was 0.05. On the profitability front, the trailing twelve-month gross margin is 12.40% percent. In the year ended September 29, operating margins totaled -41.50%. Based on annual data, CLNE earned $40.04 million in gross profit and brought in $255.65 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -12.10%. Return on equity (ROE) for the past 12 months was -14.80%.

In Clean Energy Fuels Corp.’s quarter-end financial report for September 29, it reported total debt of $25.62 million against cash and short-term investments of $120.57 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CLNE’s revenue rose 7.62% to $91.93 million during the quarter, while net income inched up to $83.5 million. While analysts expected Clean Energy Fuels Corp. to report $0.01 quarterly earnings, the actual figure was $0.01 per share. During the quarter, the company generated $4.87 million in EBITDA. The liabilities of Clean Energy Fuels Corp. were 201.66 million at the end of its most recent quarter ended September 29, and its total debt was $74.64 million. The value of shareholders’ equity is $222.5 million.

Technical Picture

This quick technical analysis looks at Clean Energy Fuels Corp.’s (CLNE) price momentum. With a historical volatility rate of 143.54%, the RSI 9-day stood at 36.48% on 13 May.

With respect to its five-day moving average, the current Clean Energy Fuels Corp. price is down by -5.26% percent or -$0.27. At present, CLNE shares trade -32.69% below its 20-day simple moving average and -21.61% percent below its 100-day simple moving average. However, the stock is currently trading approximately -33.61% below its SMA50 and -36.30% below its SMA200.

Stochastic coefficient K was 17.14% and Stochastic coefficient D was 9.70%, while ATR was 0.53. Given the Stochastic reading of 32.18% for the 14-day period, the RSI (14) reading has been calculated as 34.10%. As of today, the MACD Oscillator reading stands at -0.56, while the 14-day reading stands at -0.92.

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