Clearway Energy Inc (NYSE:CWEN) shares, rose in value on Friday, May 09, with the stock price up by 0.49% to the previous day’s close as strong demand from buyers drove the stock to $28.88.
Actively observing the price movement in the last trading, the stock closed the session at $28.74. The PE ratio was 36.08 over 12-month period. Referring to stock’s 52-week performance, its high was $31.09, and the low was $24.02. On the whole, CWEN has fluctuated by 2.96% over the past month.
With the market capitalization of Clearway Energy Inc currently standing at about $5.78 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.68, with its dividend yield at 5.83%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CWEN’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.31, with the price of CWEN currently trading nearly 0.40% and -0.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.01, while the 7-day volatility ratio is showing 2.05% which for the 30-day chart, stands at 2.92%. Furthermore, Clearway Energy Inc (CWEN)’s beta value is 0.86, and its average true range (ATR) is 0.84.
A comparison of Clearway Energy Inc (CWEN) with its peers suggests the former has fared considerably weaker in the market. CWEN showed an intraday change of 0.49% in last session, and over the past year, it grew by 16.50%%.
Data on historical trading for Clearway Energy Inc (NYSE:CWEN) indicates that the trading volumes over the past 3 months, they’ve averaged 1.06 million. According to company’s latest data on outstanding shares, there are 83.22 million shares outstanding.
Nearly 30.53% of Clearway Energy Inc’s shares belong to company insiders and institutional investors own 61.12% of the company’s shares. The stock has risen by 11.08% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CWEN stock heading into the next quarter.
