Clean Energy Fuels Corp (NASDAQ:CLNE) At $1.57: Does It Look Expensive?

In last trading session, Clean Energy Fuels Corp (NASDAQ:CLNE) saw 2.31 million shares changing hands with its beta currently measuring 2.57. Company’s recent per share price level of $1.57 trading at $0.03 or 1.95% at ring of the bell on the day assigns it a market valuation of $351.06M. That closing price of CLNE’s stock is at a discount of -133.76% from its 52-week high price of $3.67 and is indicating a premium of 4.46% from its 52-week low price of $1.50. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.71 million shares which gives us an average trading volume of 2.91 million if we extend that period to 3-months.

For Clean Energy Fuels Corp (CLNE), analysts’ consensus is at an average recommendation of Strong Buy while assigning it a mean rating of 1.22. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

Clean Energy Fuels Corp (NASDAQ:CLNE) trade information

Clean Energy Fuels Corp’s shares saw a change of -37.45% in year-to-date performance and have moved 0.00% in past 5-day. Clean Energy Fuels Corp (NASDAQ:CLNE) showed a performance of -16.49% in past 30-days. Number of shares sold short was 9.59 million shares which calculate 2.86 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 5 to the stock, which implies a rise of 68.6% to its current value. Analysts have been projecting 5 as a low price target for the stock while placing it at a high target of 5. It follows that stock’s current price would drop -218.47% in reaching the projected high whereas dropping to the targeted low would mean a loss of -218.47% for stock’s current value.

In 2025, company’s earnings growth rate is likely to be around -1113.43% while estimates for its earnings growth in next 5 years are of 63.10%.

Clean Energy Fuels Corp (NASDAQ:CLNE)’s Major holders

Insiders are in possession of 21.11% of company’s total shares while institution are holding 52.40 percent of that, with stock having share float percentage of 66.43%. Investors also watch the number of corporate investors in a company very closely, which is 52.40% institutions for Clean Energy Fuels Corp that are currently holding shares of the company. GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC is the top institutional holder at CLNE for having 19.08 million shares of worth $50.94 million. And as of 2024-06-30, it was holding 8.5451 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 15.1 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.7637 of outstanding shares, having a total worth of $40.32 million.