In last trading session, Clean Energy Fuels Corp. (NASDAQ:CLNE) saw 1.79 million shares changing hands with its beta currently measuring 2.04. Company’s recent per share price level of $5.74 trading at -$0.2 or -3.37% at ring of the bell on the day assigns it a market valuation of $1.26B. That closing price of CLNE’s stock is at a discount of -68.82% from its 52-week high price of $9.69 and is indicating a premium of 29.97% from its 52-week low price of $4.02. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.15 million shares which gives us an average trading volume of 3.31 million if we extend that period to 3-months.
Clean Energy Fuels Corp. (NASDAQ:CLNE) trade information
Upright in the red during last session for losing -3.37%, in the last five days CLNE remained trading in the red while hitting it’s week-highest on Monday, 09/19/22 when the stock touched $5.74 price level, adding 10.31% to its value on the day. Clean Energy Fuels Corp.’s shares saw a change of -6.36% in year-to-date performance and have moved -7.42% in past 5-day. Clean Energy Fuels Corp. (NASDAQ:CLNE) showed a performance of -23.77% in past 30-days. Number of shares sold short was 13.27 million shares which calculate 2.74 days to cover the short interests.
Clean Energy Fuels Corp. (CLNE) estimates and forecasts
Statistics highlight that Clean Energy Fuels Corp. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -25.55% of value to its shares in past 6 months, showing an annual growth rate of -150.00% while that of industry is 5.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -400.00% in the current quarter and calculating -200.00% decrease in the next quarter. This year revenue growth is estimated to rise 70.10% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $102.51 million for the same. And 8 analysts are in estimates of company making revenue of $118.88 million in the next quarter that will end on Sep 2022. Company posted $75.96 million and $86.09 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 35.00% while estimating it to be 38.10% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -33.80% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -789.10% while estimates for its earnings growth in next 5 years are of 15.00%.
Clean Energy Fuels Corp. is more likely to be releasing its next quarterly report between March 07 and March 11 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Clean Energy Fuels Corp. (NASDAQ:CLNE)’s Major holders
Insiders are in possession of 20.87% of company’s total shares while institution are holding 44.42 percent of that, with stock having share float percentage of 56.13%. Investors also watch the number of corporate investors in a company very closely, which is 44.42% institutions for Clean Energy Fuels Corp. that are currently holding shares of the company. Grantham Mayo Van Otterloo & Company is the top institutional holder at CLNE for having 16.46 million shares of worth $130.67 million. And as of Mar 30, 2022, it was holding 7.39% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 13.44 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 6.03% of outstanding shares, having a total worth of $106.7 million.
On the other hand, SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF and GMO Resources Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 9.26 million shares of worth $41.47 million or 4.16% of the total outstanding shares. The later fund manager was in possession of 5.98 million shares on May 30, 2022, making its stake of worth around $33.09 million in the company or a holder of 2.69% of company’s stock.