How have the shares performed?
Clean Energy Fuels Corp. (CLNE) saw downtrend of -2.10% in the recent trading with $7.92 being its most recent. The current price level -59.98% lower than the highest price of $19.79 marked by the stock while trading over the past 52-weeks, whereas it is 294.03% higher than the lowest price of $2.01 the company dropped to over past 52-weeks. The latest news story on CLNE appeared in Business Wire under the title “Chevron, Clean Energy Fuels Extend Adopt-a-Port Initiative to Reduce Emissions” on May-11-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -33.25% below one month high and is +5.88% above of the lowest during that time. Looking into the simple moving average, Clean Energy Fuels Corp. (CLNE)’s stock stands at a SMA-50 of $10.86 while that of 5-day is reading $7.93.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and CLNE’s SMA-200 as of now is $7.70.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.50 for the stock.
Clean Energy Fuels Corp. Earnings – What Happened With CLNE
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Clean Energy Fuels Corp. (CLNE) last released financial results for the quarter that ended 3/30/2021, posting a surprise factor of -300.00% for net revenue. During the reported three-month period, company’s sales were $79.19 billion while analysts on average were estimating the same to be $73.8 million.
CLNE – Clean Energy Fuels Corp. Stock Earnings Estimates
The perspective of Clean Energy Fuels Corp. (NASDAQ:CLNE)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.01 for stock’s EPS in the current quarter. 5 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was -0.04.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 199.00 million. CLNE does have institutional investors; and they hold 39.80% of the stock.
Clean Energy Fuels Corp. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 4 new insider purchases involving 120,000 shares. On the other hand, CLNE declared 2,375,128 shares have been sold in 17 insider transactions over the past three months.
As on Mar 30, 2021, Dimensional Fund Advisors LP was the top most holder in Clean Energy Fuels Corp. (NASDAQ:CLNE) with an ownership of 11.26 million shares of the company or 5.63% of the stake worth $154.66 million. The filing also reveals Blackrock Inc. as the second largest holder in the company with a control over 5.13% of the outstanding shares. Its stake is worth $140.81 million for having 10.25 million shares in hand.
State Street Corporation also came holding a key position in the company during the recent quarter and it now holds 5.09% of the outstanding shares. With this there are now 287 institutions which have possession in CLNE’s shares.
Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.50 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Clean Energy Fuels Corp. was 3.29 while posting a debt to equity ratio of 0.18. The count was 21.10 for long-term debt to equity ratio.
Clean Energy Fuels Corp.’s return on equity, or ROE, is -3.60%, compared to the industry average of -3.73% for Energy – Oil & Gas Refining & Marketing. Although this indicates that CLNE uses its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Clean Energy Fuels Corp. (NASDAQ:CLNE) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Clean Energy Fuels Corp. (CLNE), we notice that the stock’s 20-day average volume is at 5,183,605 shares and 50% of short term indicators are suggesting the stock as Sell. Its 50-day average volume of 6,679,098 shares. And to end with, CLNE’s 100-day average volume are 7,954,240 shares.