The stock of Clearway Energy Inc (NYSE: CWEN) has increased by 1.29 when compared to last closing price of 23.21. Despite this, the company has experienced a 0.21% gain in its stock price over the last five trading sessions. 24/7 Wall Street reported 2024-04-07 that Although the number and size of insider purchases have been somewhat lower as the second quarter begins, the following beneficial owners and other insiders were still showing their love for these five stocks.
Is It Worth Investing in Clearway Energy Inc (NYSE: CWEN) Right Now?
Clearway Energy Inc (NYSE: CWEN) has a higher price-to-earnings ratio of 34.82x compared to its average ratio, The 36-month beta value for CWEN is at 0.86.
The public float for CWEN is 80.48M, and currently, shorts hold a 2.65% of that float. The average trading volume for CWEN on April 12, 2024 was 926.94K shares.
CWEN’s Market Performance
CWEN’s stock has seen a 0.21% increase for the week, with a 7.99% rise in the past month and a -11.91% fall in the past quarter. The volatility ratio for the week is 2.17%, and the volatility levels for the past 30 days are at 2.33% for Clearway Energy Inc The simple moving average for the last 20 days is 5.37% for CWEN stock, with a simple moving average of -2.77% for the last 200 days.
Analysts’ Opinion of CWEN
Many brokerage firms have already submitted their reports for CWEN stocks, with BofA Securities repeating the rating for CWEN by listing it as a “Buy.” The predicted price for CWEN in the upcoming period, according to BofA Securities is $27 based on the research report published on October 06, 2023 of the previous year 2023.
CIBC gave a rating of “Neutral” to CWEN, setting the target price at $36 in the report published on June 10th of the previous year.
CWEN Trading at 3.62% from the 50-Day Moving Average
After a stumble in the market that brought CWEN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.06% of loss for the given period.
Volatility was left at 2.33%, however, over the last 30 days, the volatility rate increased by 2.17%, as shares surge +9.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.51% lower at present.
During the last 5 trading sessions, CWEN rose by +0.21%, which changed the moving average for the period of 200-days by -17.94% in comparison to the 20-day moving average, which settled at $22.42. In addition, Clearway Energy Inc saw -14.29% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CWEN starting from TotalEnergies SE, who purchase 196,964 shares at the price of $22.86 back on Mar 28 ’24. After this action, TotalEnergies SE now owns 295,235 shares of Clearway Energy Inc, valued at $4,502,833 using the latest closing price.
Global Infrastructure Investor, the Director of Clearway Energy Inc, purchase 196,964 shares at $22.86 during a trade that took place back on Mar 28 ’24, which means that Global Infrastructure Investor is holding 295,235 shares at $4,502,833 based on the most recent closing price.
Stock Fundamentals for CWEN
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.64 for the gross margin
The net margin for Clearway Energy Inc stands at 0.03. The total capital return value is set at 0.02. Equity return is now at value 3.64, with 0.58 for asset returns.
Based on Clearway Energy Inc (CWEN), the company’s capital structure generated 0.8 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 4.13. The interest coverage ratio of the stock is 0.78.
Currently, EBITDA for the company is 1.05 billion with net debt to EBITDA at 7.71. When we switch over and look at the enterprise to sales, we see a ratio of 9.76. The receivables turnover for the company is 3.81for trailing twelve months and the total asset turnover is 0.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.72.
Conclusion
In conclusion, Clearway Energy Inc (CWEN) has had a mixed performance lately. Opinion on the stock among analysts is mixed, 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.
