Clean Energy Fuels Corp (CLNE) Testing Investors’ Patience Right Now

Currently, there are 223.03M common shares owned by the public and among those 164.68M shares have been available to trade.

The company’s stock has a 5-day price change of 31.31% and 31.05% over the past three months. CLNE shares are trading -15.14% year to date (YTD), with the 12-month market performance down to -22.99% lower. It has a 12-month low price of $2.17 and touched a high of $4.93 over the same period. CLNE has an average intraday trading volume of 1.75 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 21.53%, 21.39%, and 10.74% respectively.

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Institutional ownership of Clean Energy Fuels Corp (NASDAQ: CLNE) shares accounts for 49.93% of the company’s 223.03M shares outstanding.

It has a market capitalization of $726.15M and a beta (3y monthly) value of 2.10. The earnings-per-share (ttm) stands at -$0.36. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.35% over the week and 7.34% over the month.

Earnings per share for the fiscal year are expected to increase by 72.85%, and -195.38% over the next financial year.

Looking at the support for the CLNE, a number of firms have released research notes about the stock. Raymond James stated their Strong Buy rating for the stock in a research note on October 03, 2023, with the firm’s price target at $6. Northland Capital coverage for the Clean Energy Fuels Corp (CLNE) stock in a research note released on September 05, 2023 offered a Outperform rating with a price target of $7.50. Stifel was of a view on July 13, 2023 that the stock is Buy, while Raymond James gave the stock Outperform rating on April 05, 2023, issuing a price target of $6. Piper Sandler on their part issued Overweight rating on February 28, 2023.

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