The trading price of Clean Energy Fuels Corp (NASDAQ:CLNE) floating higher at last check on current market day and closing at $3.03, 2.20% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $2.97 and $3.14. In examining the 52-week price action we see that the stock hit a 52-week high of $4.67 and a 52-week low of $2.17. Over the past month, the stock has lost -6.35% in value.
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Clean Energy Fuels Corp, whose market valuation is $675.88 million at the time of this writing, is expected to release its quarterly earnings report on 2024-Nov-07. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest CLNE has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned CLNE a recommendation rating is 2. Out of them, 0 rate it a Hold, while 1 recommend Buy, whereas 1 assign an Overweight rating. 0 analyst(s) have tagged Clean Energy Fuels Corp (CLNE) as Underweight, while 0 advise Sell. Analysts have rated the stock Strong Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that CLNE’s price is currently 0.46% off the SMA20 and 7.82% off the SMA50. The RSI metric on the 14-day chart is currently showing 54.68, and weekly volatility stands at 5.05%. When measured over the past 30 days, the indicator reaches 5.02%. Clean Energy Fuels Corp (NASDAQ:CLNE)’s beta value is currently sitting at 2.12, while the Average True Range indicator is currently displaying 0.16. With analysts defining $5-$5 as the low and high price targets, we arrive at a consensus price target of $5 for the trailing 12-month period. The current price is about -65.02% off the estimated low and -65.02% off the forecast high, based on this estimate. Investors will be thrilled if CLNE’s share price rises to $5, which is the median consensus price. At that level, CLNE’s share price would be -65.02% below current price.
To see how Clean Energy Fuels Corp stock has been performing today in comparison to its peers in the industry, here are the numbers: CLNE stock’s performance was 2.20% at last check in today’s session, and -34.10% in the past year.
An evaluation of the daily trading volume of Clean Energy Fuels Corp (NASDAQ:CLNE) indicates that the 3-month average is 1.62 million. However, this figure has increased over the past 10 days to an average of 1.36.
Currently, records show that 223.03 million of the company’s shares remain outstanding. The insiders hold 26.27% of outstanding shares, whereasinstitutions hold 51.96%. The stats also highlight that short interest as of 2024-08-30, stood at 12.48 million shares, resulting in a short ratio of 7.79 at that time. From this, we can conclude that short interest is 737.00 of the company’s total outstanding shares. It is noteworthy that short shares in August were down slightly from the previous month’s figure, which was 12.72 million. However, since the stock’s price has seen -21.02% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
