Clearway Energy Inc (NYSE:CWEN) finished Wednesday with a subtraction of -$1.77 to close at $21.49, a downside of -7.61 percent. An average of 1,213,140 shares of common stock have been traded in the last five days. There was a fall of -$3.37 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 998,765 shares traded, while the 50-day average volume stands at 952,132.
CWEN stock has decreased by -14.62% in the last month. The company shares reached their 1-month lowest point of $21.37 on 09/27/23. With the stock rallying to its 52-week high on 01/17/23, shares of the company touched a low of $23.24 and a high of $36.57 in 52 weeks. It has reached a new high 7 times so far this year and lost -32.57% or -$10.38 in price. In spite of this, the price is down -41.24% from the 52-week high.
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Insider Transactions
CWEN stock investors should be aware that Clearway Energy Inc (CWEN) stock had its last reported insider trading activity 317 days ago on Aug 14.
Valuation Metrics
Clearway Energy Inc (CWEN) has a trailing price-to-earnings (P/E) ratio of 30.66. The stock’s beta is 0.71. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.74, the price-to-book (PB) ratio at 1.17, and the price-to-cash flow ratio at 4.36.
The company has a payout ratio of 28.71%. The company’s most recent quarterly dividend payment was $0.3890 a share, representing a up of 1.83% from $0.3820 last year. Its latest increase dividend $0.0070 reported on Monday August 7 2023.
Financial Health
The quick ratio of Clearway Energy Inc for the recent quarter was 2.04, and the current ratio was 2.13, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 3.40 and a total debt to equity ratio of 3.56 for the recent quarter. Clearway Energy Inc’s EBITDA margin is 70.07%, while its operating margin for the same period stands at 19.77%. Its gross profit as reported stood at $1.47 billion compared to revenue of $1.19 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Clearway Energy Inc (CWEN) price momentum. RSI 9-day as of the close on 27 September was 16.75%, suggesting the stock is oversold, with historical volatility in this time frame at 38.56%.
As of today, CWEN’s price is $23.26 -13.56% or -$3.37 from its 5-day moving average. CWEN is currently trading -15.53% lower than its 20-day SMA and -26.76% lower than its 100-day SMA. However, the stock’s current price level is -20.82% below the SMA50 and -35.08% below the SMA200.
The stochastic %K and %D were 7.75% and 10.49%, respectively, and the average true range (ATR) was 0.69. With the 14-day stochastic at 2.88% and the average true range at 0.63, the RSI (14) stands at 22.77%. The stock has reached -1.18 on the 9-day MACD Oscillator while the 14-day reading was at -1.36.
Analyst Ratings
BofA Securities downgraded Clearway Energy Inc (NYSE: CWEN) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Clearway Energy Inc (CWEN) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CWEN, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.
What is CWEN’s price target for the next 12 months?
Analysts predict a range of price targets between $27.00 and $38.00, with a median target of $32.50. Taking a look at these predictions, the average price target given by analysts for Clearway Energy Inc (CWEN) stock is $32.20.
