Currently, there are 223.46M common shares owned by the public and among those 164.77M shares have been available to trade.
The company’s stock has a 5-day price change of -33.77% and -22.90% over the past three months. CLNE shares are trading -19.52% year to date (YTD), with the 12-month market performance down to -32.21% lower. It has a 12-month low price of $2.17 and touched a high of $3.67 over the same period. CLNE has an average intraday trading volume of 2.40 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 -35.53%, -30.92%, and -29.16% respectively.
Institutional ownership of Clean Energy Fuels Corp (NASDAQ: CLNE) shares accounts for 50.40% of the company’s 223.46M shares outstanding.
It has a market capitalization of $451.38M and a beta (3y monthly) value of 2.31. The earnings-per-share (ttm) stands at -$0.37. Price movements for the stock have been influenced by the stock’s volatility, which stands at 13.72% over the week and 7.43% over the month.
Analysts forecast that Clean Energy Fuels Corp (CLNE) will achieve an EPS of -0.02 for the current quarter, -0.02 for the next quarter and 0.07 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.03 while analysts give the company a high EPS estimate of -0.03. Comparatively, EPS for the current quarter was -0.01 a year ago. Earnings per share for the fiscal year are expected to decrease by -933.46%, and 79.20% 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.
