The stock of Clean Energy Fuels Corp. (NASDAQ:CLNE) decreased by -$0.01 on Tuesday to finish at $4.08, down -0.24 percent. The last five days have seen an average of 2,521,140 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$1.12. The average number of shares traded over the last 20 days was 1,733,945, while the average volume over the last 50 days totaled 1,574,226.
CLNE stock dropped -0.97% since last month. On 08/29/23, the company’s shares reached a one-month low of $4.03. The stock touched a high of $7.73 on 02/03/23, after rallying from a low of $3.84 in 52 weeks. The price of CLNE stock has declined by -21.54% or -$1.12 this year, reaching a new high 6 times. Still, the stock price is down -47.22% from the 52-week high.
Insider Transactions
CLNE stock investors should be aware that Clean Energy Fuels Corp. (CLNE) stock had its last reported insider trading activity 205 days ago on Feb 27. On Feb 27, SVP, STRATEGIC DEVELOPMENT Corbus Barclay sold 5,643 shares at $5.69 each. This transaction resulted in the insider making $32,133. On Jan 23, Corbus Barclay sold 11,286 shares at a price of US$5.49. After the transaction, the insider now owns 630,101 shares. COO AND SECRETARY Pratt Mitchell W had earlier sold 8,140 shares on Jan 23 for $5.57 a share. The transaction was completed for $45,307.
Valuation Metrics
Beta for the stock is 2.22. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.07, the price-to-book (PB) ratio of 1.31.
Financial Health
For the three months ended June 29, Clean Energy Fuels Corp.’s quick ratio was 2.80, while its current ratio was 3.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.21, and the total debt to equity ratio is 0.21. As far as profitability goes, gross margin for the trailing twelve months is 21.50% percent. Clean Energy Fuels Corp.’s EBITDA margin for the year ended June 29 was 1.39%, whereas its operating margin stood at -14.80% for the same period. Based on annual data, it had gross profit of $112.42 million and revenue of $420.16 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CLNE’s return on assets (ROA) during the last 12 months has been -7.40%. There was a -6.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -10.80%.
Earnings Surprise
According to Clean Energy Fuels Corp.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $90.55 million, while revenues fell by -7.37% to $132.18 million. It was predicted that Clean Energy Fuels Corp.’s quarterly earnings would be $0, but it ended up being -$0.02. EBITDA was -$3.14 million for the quarter. At the end of Clean Energy Fuels Corp.’s most recent quarter ended June 29, its liabilities totaled 343.49 million, while its total debt was $212.33 million. Equity owned by shareholders amounts to $222.97 million.
Technical Picture
Here’s a quick look at Clean Energy Fuels Corp.’s (CLNE) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 35.70%, suggesting the stock is Neutral, with a 55.35% historical volatility rate.
The stochastic %K and %D were 15.87% and 33.90% respectively, while the average true range (ATR) was 0.22. Based on the 14-day stochastic reading of 2.30%, the RSI (14) reading is 39.51%. On the 9-day MACD Oscillator, the stock is at -0.22, and the 14-day reading is at -0.18.
Analyst Ratings
In its analyst report released on September 05, 2023, Northland Capital began covering Clean Energy Fuels Corp. (NASDAQ: CLNE). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned Clean Energy Fuels Corp. (CLNE) an Buy rating. CLNE is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 9 others recommend it as a buy.
What is CLNE’s price target for the next 12 months?
The current consensus forecast for the stock is between $5.50 and $22.00, with a median target price of $7.50. In analyzing these forecasts, the average price target given by analysts for Clean Energy Fuels Corp. (CLNE) is $9.00.
