The stock of Clean Energy Fuels Corp (NASDAQ: CLNE) has increased by 1.29 when compared to last closing price of 2.33. Despite this, the company has experienced a -9.23% fall in its stock price over the last five trading sessions. Business Wire reported 2024-04-12 that NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Clean Energy Fuels Corp. (Nasdaq: CLNE) announced today it will release financial results for the first quarter of 2024 on May 9, 2024 after market close, followed by an investor conference call at 4:30 p.m. Eastern time (1:30 p.m. Pacific time). President and Chief Executive Officer of Clean Energy Andrew J. Littlefair and Chief Financial Officer Robert M. Vreeland will host the call. Investors interested in participating in the live call can dial 1.800.
Is It Worth Investing in Clean Energy Fuels Corp (NASDAQ: CLNE) Right Now?
The 36-month beta value for CLNE is at 2.09. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for CLNE is 165.06M, and currently, shorts hold a 8.38% of that float. The average trading volume for CLNE on April 17, 2024 was 1.73M shares.
CLNE’s Market Performance
CLNE’s stock has seen a -9.23% decrease for the week, with a -6.35% drop in the past month and a -29.97% fall in the past quarter. The volatility ratio for the week is 5.99%, and the volatility levels for the past 30 days are at 5.18% for Clean Energy Fuels Corp The simple moving average for the last 20 days is -6.01% for CLNE stock, with a simple moving average of -35.30% for the last 200 days.
Analysts’ Opinion of CLNE
Many brokerage firms have already submitted their reports for CLNE stocks, with Raymond James repeating the rating for CLNE by listing it as a “Strong Buy.” The predicted price for CLNE in the upcoming period, according to Raymond James is $6 based on the research report published on October 03, 2023 of the previous year 2023.
Northland Capital, on the other hand, stated in their research note that they expect to see CLNE reach a price target of $7.50. The rating they have provided for CLNE stocks is “Outperform” according to the report published on September 05th, 2023.
Stifel gave a rating of “Buy” to CLNE, setting the target price at $6 in the report published on July 13th of the previous year.
CLNE Trading at -13.50% from the 50-Day Moving Average
After a stumble in the market that brought CLNE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.05% of loss for the given period.
Volatility was left at 5.18%, however, over the last 30 days, the volatility rate increased by 5.99%, as shares sank -5.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.45% lower at present.
During the last 5 trading sessions, CLNE fell by -9.23%, which changed the moving average for the period of 200-days by -52.99% in comparison to the 20-day moving average, which settled at $2.50. In addition, Clean Energy Fuels Corp saw -38.38% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CLNE
Current profitability levels for the company are sitting at:
- -0.18 for the present operating margin
- 0.08 for the gross margin
The net margin for Clean Energy Fuels Corp stands at -0.23. The total capital return value is set at -0.07. Equity return is now at value -13.75, with -8.50 for asset returns.
Based on Clean Energy Fuels Corp (CLNE), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is -3.34.
Currently, EBITDA for the company is -30.57 million with net debt to EBITDA at -4.93. When we switch over and look at the enterprise to sales, we see a ratio of 1.84. The receivables turnover for the company is 3.37for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.87.
Conclusion
In conclusion, Clean Energy Fuels Corp (CLNE) has had a bad 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.
