In today’s recent session, 2.43 million shares of the ReNew Energy Global plc (NASDAQ:RNW) have been traded, and its beta is 0.96. Most recently the company’s share price was $7.01, and it changed around $0.67 or 10.49% from the last close, which brings the market valuation of the company to $2.61B. RNW at last check was trading at a discount to its 52-week high of $7.79, offering almost -11.13% off that amount. The share price’s 52-week low was $5.15, which indicates that the recent value has risen by an impressive 26.53% since then. We note from ReNew Energy Global plc’s average daily trading volume that its 10-day average is 0.72 million shares, with the 3-month average coming to 866.75K.
ReNew Energy Global plc stock received a consensus recommendation rating of Buy, based on a mean score of 1.75. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 1 recommended RNW as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. ReNew Energy Global plc is expected to report earnings per share of -4.22 for the current quarter.
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ReNew Energy Global plc (NASDAQ:RNW) trade information
Instantly RNW has been showing a green trend so far today with a performance of 10.49% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 7.03 on recent trading dayincreased the stock’s daily price by 0.28%. The company’s shares are currently down -8.55% year-to-date, but still up 16.56% over the last five days. On the other hand, ReNew Energy Global plc (NASDAQ:RNW) is 30.45% up in the 30-day period. We can see from the shorts that 6.94 million shares have been sold at a short interest cover period of 7.6 day(s).
The consensus price target as assigned by Wall Street analysts is $9, which translates to bulls needing to increase their stock price by 22.11% from its current value. Analyst projections state that RNW is forecast to be at a low of $9 and a high of $9.
ReNew Energy Global plc (RNW) estimates and forecasts
ReNew Energy Global plc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 11.19 percent over the past six months and at a 25.00% annual growth rate that is well above the industry average of -9.50%. The year-over-year growth rate is expected to be 2.50%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 20.17B in revenue for the current quarter. 2 analysts expect ReNew Energy Global plc to make 24.73B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 19.26B and 24.78B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 4.68%. Forecasts for the next quarter put sales growth at -0.20%.
ReNew Energy Global plc (NASDAQ:RNW)’s Major holders
RUBRIC CAPITAL MANAGEMENT LP, with 3.7208% or 13.51 million shares worth $84.28 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
