In yesterday’s Wall Street session, ReNew Energy Global plc (NASDAQ:RNW) shares traded at $7.21, down -3.35% from the previous session.
RNW stock price is now 22.53% away from the 50-day moving average and 20.58% away from the 200-day moving average. The market capitalization of the company currently stands at $2.69B.
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On November 21, 2023, Mizuho recently initiated its ‘Buy’ rating on the stock quoting a target price of $8, while ‘Credit Suisse’ rates the stock as ‘Outperform’
In other news, Mehta Balram, Officer bought 34,468 shares of the company’s stock on Oct 04 ’24. The stock was bought for $216,804 at an average price of $6.29. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 07 ’24, Officer Vaswani Kailash bought 200,000 shares of the business’s stock. A total of $1,258,000 was incurred on buying the stock at an average price of $6.29. A total of 58.08% of the company’s stock is owned by insiders.
During the past 12 months, ReNew Energy Global plc has had a low of $5.15 and a high of $7.79. As of last week, the company has a debt-to-equity ratio of 6.30, a current ratio of 0.65, and a quick ratio of 0.64. The fifty day moving average price for RNW is $5.8581 and a two-hundred day moving average price translates $5.975225 for the stock.
The latest earnings results from ReNew Energy Global plc (NASDAQ: RNW) was released for 2024-06-30. The net profit margin was 3.23% and return on equity was 2.45% for RNW. The company reported revenue of $356.0 million for the quarter, compared to $345.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.19 percent.
