As of Wednesday close, Clean Energy Fuels Corp.’s (NASDAQ:CLNE) stock was up $0.05, moving up 1.18 percent to $4.30. The average number of shares traded per day over the past five days has been 1,161,300 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.01 fall in that time frame. In the last twenty days, the average volume was 1,457,510, while in the previous 50 days, it was 1,523,346.
Since last month, CLNE stock retreated -11.34%. Shares of the company fell to $3.99 on 08/16/23, the lowest level in the past month. A 52-week high of $7.73 was reached on 02/03/23 after having rallying from a 52-week low of $3.84. Since the beginning of this year, CLNE’s stock price has dropped by -17.31% or -$0.90, and marked a new high 6 times. However, the stock has declined by -44.37% since its 52-week high.
CLNE stock investors should be aware that Clean Energy Fuels Corp. (CLNE) stock had its last reported insider trading activity 185 days ago on Feb 27. Corbus Barclay, the SVP, STRATEGIC DEVELOPMENT of the company, disposed of 5,643 shares for $5.69 on Feb 27. It resulted in a $32,133 divestment by the insider. Corbus Barclay sold 11,286 shares at an average price of $5.49 on Jan 23. The insider now owns 630,101 shares following the transaction. On Jan 23, COO AND SECRETARY Pratt Mitchell W sold 8,140 shares at $5.57 apiece. The transaction was valued at $45,307.
Valuation Metrics
The stock’s beta is 2.22. Besides these, the trailing price-to-sales (P/S) ratio of 2.05, the price-to-book (PB) ratio of 1.38.
Financial Health
In the three months ended June 29, Clean Energy Fuels Corp.’s quick ratio stood at 2.80, while its current ratio was 3.10, 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 June 29 was 0.21, and the total debt-to-equity ratio was 0.21. On the profitability front, the trailing twelve-month gross margin is 21.50% percent. In the year ended June 29, EBITDA margin amounted to 1.39%, whereas operating margins totaled -14.80%. Based on annual data, CLNE earned $112.42 million in gross profit and brought in $420.16 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 -6.20%. Return on equity (ROE) for the past 12 months was -10.80%.
In Clean Energy Fuels Corp.’s quarter-end financial report for June 29, it reported total debt of $144.84 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CLNE’s revenue fell -7.37% to $132.18 million during the quarter, while net income inched up to $90.55 million. While analysts expected Clean Energy Fuels Corp. to report -$0.02 quarterly earnings, the actual figure was $0 per share. During the quarter, the company generated -$3.14 million in EBITDA. The liabilities of Clean Energy Fuels Corp. were 343.49 million at the end of its most recent quarter ended June 29, and its total debt was $212.33 million. The value of shareholders’ equity is $222.97 million.
Technical Picture
This quick technical analysis looks at Clean Energy Fuels Corp.’s (CLNE) price momentum. With a historical volatility rate of 42.97%, the RSI 9-day stood at 52.60% on 30 August.
With respect to its five-day moving average, the current Clean Energy Fuels Corp. price is down by -0.23% percent or -$0.01. At present, CLNE shares trade -9.66% below its 20-day simple moving average and -1.60% percent below its 100-day simple moving average. However, the stock is currently trading approximately -0.69% below its SMA50 and -41.66% below its SMA200.
Stochastic coefficient K was 48.58% and Stochastic coefficient D was 31.17%, while ATR was 0.17. Given the Stochastic reading of 85.92% for the 14-day period, the RSI (14) reading has been calculated as 47.56%. As of today, the MACD Oscillator reading stands at 0.04, while the 14-day reading stands at 0.06.
Analyst Ratings
Stifel launched its rating on Clean Energy Fuels Corp. (NASDAQ: CLNE) to a Buy in a note to investors on July 13, 2023. Clean Energy Fuels Corp. (CLNE) has been rated Buy by analysts. According to 0 brokerage firms, CLNE is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Clean Energy Fuels Corp. stock as buy, with 7 recommending it as overweight.
With a median target price of $7.00, the current consensus forecast for the stock is $5.50 – $22.00. Based on these forecasts, analysts predict Clean Energy Fuels Corp. (CLNE) will achieve an average price target of $9.17.
