Clean Energy Fuels Corp (NASDAQ:CLNE)’s traded shares stood at 3.0 million during the last session, with the company’s beta value hitting 2.13. At the close of trading, the stock’s price was $2.86, to imply an increase of 2.14% or $0.06 in intraday trading. The CLNE share’s 52-week high remains $4.12, putting it -44.06% down since that peak but still an impressive 24.13% since price per share fell to its 52-week low of $2.17. The company has a valuation of $639.09M, with an average of 2.45 million shares in intraday trading volume over the past 10 days and average of 1.36 million shares over the past 3 months.
Analysts have given a consensus recommendation of Strong Buy for Clean Energy Fuels Corp (CLNE), translating to a mean rating of 1.22. Of 2 analyst(s) looking at the stock, 0 analyst(s) give CLNE a Sell rating. 1 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.01.
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Clean Energy Fuels Corp (NASDAQ:CLNE) trade information
After registering a 2.14% upside in the last session, Clean Energy Fuels Corp (CLNE) has traded red over the past five days. The 5-day price performance for the stock is -12.27%, and -6.54% over 30 days. With these gigs, the year-to-date price performance is -25.33%. Short interest in Clean Energy Fuels Corp (NASDAQ:CLNE) saw shorts transact 11.63 million shares and set a 10.6 days time to cover.
The extremes give us $5 and $5 for target low and target high price respectively. As such, CLNE has been trading -74.83% off suggested target high and -74.83% from its likely low.
Clean Energy Fuels Corp (CLNE) estimates and forecasts
Looking at statistics comparing Clean Energy Fuels Corp share performance against respective industry, we note that the company has underperformed competitors. Clean Energy Fuels Corp (CLNE) shares are 9.16% up over the last 6 months, with its year-to-date growth rate lower than industry average at -16.67% against -1.70%. Revenue is forecast to shrink -160.00% this quarter before falling -100.00% for the next one. The rating firms project that company’s revenue will shrink -4.02% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is 99.87M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 98.14M.Earnings reports from the last fiscal year show that sales brought in 106.86M and 103.71M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -6.54% before dropping -5.37% in the following quarter.
CLNE Dividends
Clean Energy Fuels Corp has its next earnings report out in December. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Clean Energy Fuels Corp (NASDAQ:CLNE)’s Major holders
Clean Energy Fuels Corp insiders hold 20.89% of total outstanding shares, with institutional holders owning 52.98% of the shares at 66.97% float percentage. In total, 52.98% institutions holds shares in the company, led by GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC. As of 2024-06-30, the company held over 19.08 million shares (or 8.5482% of shares), all amounting to roughly $50.94 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 15.1 million shares, or about 6.7661% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $40.32 million.
