Clean Energy Fuels Corp. (NASDAQ:CLNE) finished Wednesday with a subtraction of -$0.13 to close at $5.94, a downside of -2.14 percent. An average of 3,746,220 shares of common stock have been traded in the last five days. There was a fall of -$0.32 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 2,828,720 shares traded, while the 50-day average volume stands at 3,002,880.
CLNE stock has decreased by -19.84% in the last month. The company shares reached their 1-month lowest point of $5.85 on 09/16/22. With the stock rallying to its 52-week high on 04/05/22, shares of the company touched a low of $4.02 and a high of $9.69 in 52 weeks. It has reached a new high 13 times so far this year and lost -3.10% or -$0.19 in price. In spite of this, the price is down -38.70% from the 52-week high.
Top 5 Cheap Stocks to Own Right Now
While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.
Sign up here to get your free report now. .
Clean Energy Fuels Corp. (CLNE) stock’s beta is 2.04. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.63, the price-to-book (PB) ratio at 1.83, and the price-to-cash flow ratio at 46.47.
The quick ratio of Clean Energy Fuels Corp. for the three months ended June 29 was 2.70, and the current ratio was 3.00, 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 0.05 for the quarter ending June 29. Its gross profit as reported stood at $40.04 million compared to revenue of $255.65 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 -4.70%.
For the three-month period that ended June 29, Clean Energy Fuels Corp. had $130.02 million in cash and short-term investments compared to $25.09 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$13.24 million in the quarter, while revenues of -$24.19 million were shrunk -501.74%. The analyst consensus anticipated Clean Energy Fuels Corp.’s latest quarter earnings to come in at -$0.03 per share, but it turned out to be $0, a 100.00% surprise. For the quarter, EBITDA amounted to -$1.58 million. Shareholders own equity worth $222.22 million.
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 21 September was 32.49%, suggesting the stock is Neutral, with historical volatility in this time frame at 51.67%.
As of today, CLNE’s price is $6.17 -5.11% or -$0.32 from its 5-day moving average. CLNE is currently trading -21.12% lower than its 20-day SMA and -4.50% lower than its 100-day SMA. However, the stock’s current price level is +19.76% above the SMA50 and -6.46% below the SMA200.
The stochastic %K and %D were 23.97% and 28.08%, respectively, and the average true range (ATR) was 0.38. With the 14-day stochastic at 8.65% and the average true range at 0.39, the RSI (14) stands at 38.35%. The stock has reached -0.21 on the 9-day MACD Oscillator while the 14-day reading was at -0.18.
Scotiabank launched coverage on Clean Energy Fuels Corp. (NASDAQ: CLNE) in its analyst report released on September 08, 2022. The firm assigned the stock a Sector outperform rating. The consensus rating for Clean Energy Fuels Corp. (CLNE) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CLNE, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 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 $7.00 and $27.00, with a median target of $12.00. Taking a look at these predictions, the average price target given by analysts for Clean Energy Fuels Corp. (CLNE) stock is $13.81.