Clean Energy Fuels Corp (NASDAQ:CLNE) price on Tuesday, December 24, rose 0.79% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.55.
A look at the stock’s price movement, the close in the last trading session was $2.53, moving within a range at $2.48 and $2.575. The beta value (5-Year monthly) was 2.127. Turning to its 52-week performance, $4.12 and $2.17 were the 52-week high and 52-week low respectively. Overall, CLNE moved -6.83% over the past month.
Clean Energy Fuels Corp’s market cap currently stands at around $574.31 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 99.87M for the company’s revenue for the quarter, with a low and high estimate of 91.6M and 112.6M respectively. The average forecast suggests down to a -6.54% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 403.83M, representing a -5.02% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CLNE is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend CLNE as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Strong Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CLNE’s current price about -7.99% and -10.31% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.07, while 7-day volatility ratio is 5.51% and 5.51% in the 30-day chart. Further, Clean Energy Fuels Corp (CLNE) has a beta value of 2.15, and an average true range (ATR) of 0.14. Analysts have given the company’s stock an average 52-week price target of $5, forecast between a low of $5 and high of $5. Looking at the price targets, the low is -96.08% off current price level while to achieve the yearly target high, price needs to move -96.08%. Nonetheless, investors will most likely welcome a -96.08% jump to $5 which is the analysts’ median price.
If we refocus on Clean Energy Fuels Corp (NASDAQ:CLNE), historical trading data shows that trading volumes averaged 1.9 over the past 10 days and 1.66 million over the past 3 months. The company’s latest data on shares outstanding shows there are 223.43 million shares.
The 26.27% of Clean Energy Fuels Corp’s shares are in the hands of company insiders while institutional holders own 50.58% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 11.42 million on 2024-11-29, giving us a short ratio of 5.63. The data shows that as of 2024-11-29 short interest in Clean Energy Fuels Corp (CLNE) stood at 675.0 of shares outstanding, with shares short falling to 11.63 million registered in 2024-10-31. Current price change has pushed the stock -32.38% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CLNE stock continues to rise going into the next quarter.
