ReNew Energy Global plc (NASDAQ: RNW) is -7.03% lower on its value in year-to-date trading and has touched a low of $5.15 and a high of $7.49 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RNW stock was last observed hovering at around $6.45 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $6.35, the stock is -3.94% and -5.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.71 million and changing -1.55% at the moment leaves the stock 3.26% off its SMA200. RNW registered -1.40% loss for a year compared to 6-month gain of 15.25%.
The stock witnessed a -6.20% loss in the last 1 month and extending the period to 3 months gives it a 17.81%, and is -6.34% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.54% over the week and 3.21% over the month.
ReNew Energy Global plc (RNW) has around 3988 employees, a market worth around $2.37B and $1.03B in sales. Current P/E ratio is 93.38 and Fwd P/E is 25.51. Profit margin for the company is 2.44%. Distance from 52-week low is 23.30% and -15.22% from its 52-week high. The company has generated returns on investments over the last 12 months (0.30%).
with sales reaching $25.55B over the same period.The EPS is expected to shrink by -67.31% this year, but quarterly earnings will post 2.51% year-over-year. Quarterly sales are estimated to grow 3.12% in year-over-year returns.
The shares outstanding are 254.67M, and float is at 156.39M with Short Float at 0.92%.
The top institutional shareholder in the company is CANADA PENSION PLAN INVESTMENT BOARD with over 76.5 million shares valued at $477.37 million. The investor’s holdings represent 4.66 of the RNW Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 7.84 million shares valued at $48.9 million to account for 2.1589 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 5.39 million shares representing 1.4836 and valued at over $33.61 million, while MILLENNIUM MANAGEMENT LLC holds 1.3166 of the shares totaling 4.78 million with a market value of $29.82 million.
