Clean Energy Fuels Corp (CLNE) concluded trading on Thursday at a closing price of $2.97, with 4.64 million shares of worth about $13.78 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 4.58% during that period and on August 08, 2024 the price saw a gain of about 22.73%. Currently the company’s common shares owned by public are about 223.03M shares, out of which, 164.56M shares are available for trading.
Stock saw a price change of 7.61% in past 5 days and over the past one month there was a price change of 32.59%. Year-to-date (YTD), CLNE shares are showing a performance of -22.45% which decreased to -34.44% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.17 but also hit the highest price of $4.93 during that period. The average intraday trading volume for Clean Energy Fuels Corp shares is 1.75 million. The stock is currently trading 13.18% above its 20-day simple moving average (SMA20), while that difference is up 11.14% for SMA50 and it goes to 0.76% higher than SMA200.
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Clean Energy Fuels Corp (NASDAQ: CLNE) currently have 223.03M outstanding shares and institutions hold larger chunk of about 50.28% of that.
The stock has a current market capitalization of $663.08M and its 3Y-monthly beta is at 2.13. It has posted earnings per share of -$0.36 in the same period. It has Quick Ratio of 2.82 while making debt-to-equity ratio of 0.51. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CLNE, volatility over the week remained 8.60% while standing at 6.96% over the month.
Analysts are in expectations that Clean Energy Fuels Corp (CLNE) stock would likely to be making an EPS of -0.03 in the current quarter, while forecast for next quarter EPS is -0.03 and it is -0.06 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.11 which is 0.0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.0 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 68.77% while it is estimated to decrease by -156.24% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Raymond James on October 03, 2023 offering a Strong buy rating for the stock and assigned a target price of $6 to it. Coverage by Northland Capital stated Clean Energy Fuels Corp (CLNE) stock as an Outperform in their note to investors on September 05, 2023, suggesting a price target of $7.50 for the stock. On July 13, 2023, Stifel Initiated their recommendations, while on April 05, 2023, Raymond James Upgrade their ratings for the stock with a price target of $6. Stock get an Overweight rating from Piper Sandler on February 28, 2023.
