In the past week, RNW stock has gone up by 16.89%, with a monthly decline of -9.22% and a quarterly plunge of -9.38%. The volatility ratio for the week is 7.92%, and the volatility levels for the last 30 days are 6.80% for ReNew Energy Global Plc The simple moving average for the last 20 days is 4.56% for RNW stock, with a simple moving average of -16.89% for the last 200 days.
Is It Worth Investing in ReNew Energy Global Plc (NASDAQ: RNW) Right Now?
Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The average price suggested by analysts for RNW is $744.07, which is $5.15 above the current market price. The public float for RNW is 93.08M, and currently, shorts hold a 4.93% of that float. The average trading volume for RNW on March 15, 2023 was 970.86K shares.
RNW) stock’s latest price update
ReNew Energy Global Plc (NASDAQ: RNW)’s stock price has increased by 9.17 compared to its previous closing price of 4.69. However, the company has seen a 16.89% increase in its stock price over the last five trading sessions.
Analysts’ Opinion of RNW
In the past week, RNW stock has gone up by 16.89%, with a monthly decline of -9.22% and a quarterly plunge of -9.38%. The volatility ratio for the week is 7.92%, and the volatility levels for the last 30 days are 6.80% for ReNew Energy Global Plc The simple moving average for the last 20 days is 4.56% for RNW stock, with a simple moving average of -16.89% for the last 200 days.
Analysts’ Opinion of RNW
Goldman, on the other hand, stated in their research note that they expect to see RNW reach a price target of $17. The rating they have provided for RNW stocks is “Buy” according to the report published on December 07th, 2021.
BofA Securities gave a rating of “Buy” to RNW, setting the target price at $12 in the report published on October 28th of the previous year.
RNW Trading at -5.66% from the 50-Day Moving Average
After a stumble in the market that brought RNW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -42.92% of loss for the given period.
Volatility was left at 6.80%, however, over the last 30 days, the volatility rate increased by 7.92%, as shares sank -10.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.75% lower at present.
During the last 5 trading sessions, RNW rose by +16.89%, which changed the moving average for the period of 200-days by -26.96% in comparison to the 20-day moving average, which settled at $4.87. In addition, ReNew Energy Global Plc saw -6.91% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for RNW
Current profitability levels for the company are sitting at:
- +35.04 for the present operating margin
- +68.80 for the gross margin
The net margin for ReNew Energy Global Plc stands at -27.11. Equity return is now at value -7.50, with -1.30 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.33.
Conclusion
In conclusion, ReNew Energy Global Plc (RNW) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
