ReNew Energy Global plc (NASDAQ: RNW) has seen a rise in its stock price by 6.10 in relation to its previous close of 5.49. However, the company has experienced a 9.08% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-20 that ReNew Energy Global Plc (NASDAQ:RNW ) Q2 2025 Earnings Conference Call November 20, 2024 8:30 AM ET Company Participants Anunay Shahi – Head of Investor Relations Sumant Sinha – Founder, Chairman and Chief Executive Officer Kailash Vaswani – Chief Financial Officer Vaishali Nigam Sinha – Co-Founder, ReNew and Chairperson, Sustainability Conference Call Participants Justin Clare – ROTH Capital Partners Maheep Mandloi – Mizuho Nikhil Nigania – Bernstein Aniket Mittal – SBI Mutual Funds Puneet Gulati – HSBC Macauley Smith – Ninety One Operator Thank you for standing by and welcome to the ReNew Q2 2025 Earnings Report. All participants are in listen-only mode.
Is It Worth Investing in ReNew Energy Global plc (NASDAQ: RNW) Right Now?
The price-to-earnings ratio for ReNew Energy Global plc (NASDAQ: RNW) is 66.04x, which is above its average ratio. Moreover, the 36-month beta value for RNW is 0.94. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for RNW is 156.37M and currently, short sellers hold a 4.44% of that float. On November 21, 2024, RNW’s average trading volume was 818.82K shares.
RNW’s Market Performance
RNW stock saw a decrease of 9.08% in the past week, with a monthly decline of -2.59% and a quarterly a decrease of 2.55%. The volatility ratio for the week is 3.87%, and the volatility levels for the last 30 days are 3.54% for ReNew Energy Global plc (RNW). The simple moving average for the last 20 days is 4.92% for RNW stock, with a simple moving average of -2.74% for the last 200 days.
Analysts’ Opinion of RNW
Mizuho, on the other hand, stated in their research note that they expect to see RNW reach a price target of $8. The rating they have provided for RNW stocks is “Buy” according to the report published on November 21st, 2023.
RNW Trading at -1.46% 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 -25.22% of loss for the given period.
Volatility was left at 3.54%, however, over the last 30 days, the volatility rate increased by 3.87%, as shares sank -1.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.15% lower at present.
During the last 5 trading sessions, RNW rose by +10.02%, which changed the moving average for the period of 200-days by -9.34% in comparison to the 20-day moving average, which settled at $5.55. In addition, ReNew Energy Global plc saw -23.96% 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 RNW starting from Mehta Balram, who proposed sale 34,468 shares at the price of $6.29 back on Oct 04 ’24. After this action, Mehta Balram now owns shares of ReNew Energy Global plc, valued at $216,804 using the latest closing price.
Vaswani Kailash, the Officer of ReNew Energy Global plc, proposed sale 200,000 shares at $6.29 during a trade that took place back on Oct 07 ’24, which means that Vaswani Kailash is holding shares at $1,258,000 based on the most recent closing price.
Stock Fundamentals for RNW
Current profitability levels for the company are sitting at:
- 0.44 for the present operating margin
- 0.97 for the gross margin
The net margin for ReNew Energy Global plc stands at 0.02. The total capital return value is set at 0.05. Equity return is now at value 2.45, with 0.31 for asset returns.
Based on ReNew Energy Global plc (RNW), the company’s capital structure generated 0.86 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 6.22. The interest coverage ratio of the stock is 0.86.
Currently, EBITDA for the company is 68.75 billion with net debt to EBITDA at 9.91. When we switch over and look at the enterprise to sales, we see a ratio of 10.41. The receivables turnover for the company is 4.16for 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 0.65.
Conclusion
To wrap up, the performance of ReNew Energy Global plc (RNW) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
