During the last session, Clean Energy Fuels Corp. (NASDAQ:CLNE)’s traded shares were 1.42 million, with the beta value of the company hitting 2.10. At the end of the trading day, the stock’s price was $4.11, reflecting an intraday loss of -4.64% or -$0.2. The 52-week high for the CLNE share is $8.58, that puts it down -108.76 from that peak though still a striking 6.57% gain since the share price plummeted to a 52-week low of $3.84. The company’s market capitalization is $932.48M, and the average intraday trading volume over the past 10 days was 1.6 million shares, and the average trade volume was 2.20 million shares over the past three months.
Clean Energy Fuels Corp. (CLNE) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.90. CLNE has a Sell rating from 0 analyst(s) out of 11 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 9 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.02.
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Clean Energy Fuels Corp. (NASDAQ:CLNE) trade information
Clean Energy Fuels Corp. (CLNE) registered a -4.64% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.64% in intraday trading to $4.11 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is -10.07%, and it has moved by 0.98% in 30 days. Based on these gigs, the overall price performance for the year is -13.84%. The short interest in Clean Energy Fuels Corp. (NASDAQ:CLNE) is 12.4 million shares and it means that shorts have 7.89 day(s) to cover.
The consensus price target of analysts on Wall Street is $9.43, which implies an increase of 56.42% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5.50 and $22.00 respectively. As a result, CLNE is trading at a discount of -435.28% off the target high and -33.82% off the low.
Clean Energy Fuels Corp. (CLNE) estimates and forecasts
Statistics show that Clean Energy Fuels Corp. has underperformed its competitors in share price, compared to the industry in which it operates. Clean Energy Fuels Corp. (CLNE) shares have gone down -36.08% during the last six months, with a year-to-date growth rate less than the industry average at -1,300.00% against -4.80. In the rating firms’ projections, revenue will increase 12.80% compared to the previous financial year.
Revenue for the current quarter is expected to be $104.39 million as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to $109.19 million by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $97.22 million and $125.69 million respectively. In this case, analysts expect current quarter sales to grow by 7.40% and then drop by -13.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -15.30%. While earnings are projected to return 39.60% in 2023.
Clean Energy Fuels Corp. is due to release its next quarterly earnings between August 02 and August 07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Clean Energy Fuels Corp. (NASDAQ:CLNE)’s Major holders
Clean Energy Fuels Corp. insiders own 20.78% of total outstanding shares while institutional holders control 48.05%, with the float percentage being 60.66%. Grantham, Mayo, Van Otterloo & Co. LLC is the largest shareholder of the company, while 295 institutions own stock in it. As of Mar 30, 2023, the company held over 15.19 million shares (or 6.81% of all shares), a total value of $66.21 million in shares.
The next largest institutional holding, with 13.34 million shares, is of Blackrock Inc.’s that is approximately 5.98% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $58.15 million.
Also, the Mutual Funds coming in first place with the largest holdings of Clean Energy Fuels Corp. (CLNE) shares are SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF and Vanguard Total Stock Market Index Fund. Data provided on Feb 27, 2023 indicates that SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF owns about 5.05 million shares. This amounts to just over 2.27 percent of the company’s overall shares, with a $28.28 million market value. The same data shows that the other fund manager holds slightly less at 5.03 million, or about 2.26% of the stock, which is worth about $26.15 million.