Clean Energy Fuels Corp. [CLNE] is 34.86% higher this YTD. Is it still time to buy?

Clean Energy Fuels Corp. [NASDAQ: CLNE] gained 6.64% or 0.66 points to close at $10.60 with a heavy trading volume of 10184313 shares. The company report on January 19, 2021 that MJ Biotech Wholly Owned Subsidiary, New England Biotech And Joint Venture Partner Genesis Botanical Research Secures CBD Extraction Facility Location.

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MJ Biotech, Inc. (OTC PINK:MJTV), is pleased to announce that it’s partner Genesis Botanical Research, has secured the location for the first of their CBD extraction facilities. The facility, once constructed, will be owned by MJTV’s wholly owned subsidiary New England Biotech, Inc.

This first CBD extraction facility will be located in Sagadahoc County in the Mid-Coast-Central Maine area. The facility is expected to be operational in the Third or Fourth Quarter of 2021. It is the plan of the company to have a second CBD facility operational within 12 months after the opening of the first CBD facility or sooner.

It opened the trading session at $9.89, the shares rose to $10.99 and dropped to $9.78, the range by which the price of stock traded the whole day. The daily chart for CLNE points out that the company has recorded 330.89% gains over the past six months. However, it is still -909.52% lower than its most recent low trading price.

If we look at the average trading volume of 6.47M shares, CLNE reached to a volume of 10184313 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Clean Energy Fuels Corp. [CLNE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CLNE shares is $10.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CLNE stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Raymond James have made an estimate for Clean Energy Fuels Corp. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on February 03, 2020. The new note on the price target was released on July 05, 2018, representing the official price target for Clean Energy Fuels Corp. stock. On October 24, 2014, analysts decreased their price target for CLNE shares from 10 to 6.

The Average True Range (ATR) for Clean Energy Fuels Corp. is set at 1.03, with the Price to Sales ratio for CLNE stock in the period of the last 12 months amounting to 6.50. The Price to Book ratio for the last quarter was 4.11, with the Price to Cash per share for the same quarter was set at 0.45. Price to Free Cash Flow for CLNE in the course of the last twelve months was 60.76 with Quick ratio for the last quarter at 2.30.

Trading performance analysis for CLNE stock

Clean Energy Fuels Corp. [CLNE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.85. With this latest performance, CLNE shares gained by 122.22% in over the last four-week period, additionally plugging by 330.89% over the last 6 months – not to mention a rise of 332.65% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CLNE stock in for the last two-week period is set at 69.51, with the RSI for the last a single of trading hit 68.74, and the three-weeks RSI is set at 69.88 for Clean Energy Fuels Corp. [CLNE]. The present Moving Average for the last 50 days of trading for this stock 6.00, while it was recorded at 10.19 for the last single week of trading, and 3.28 for the last 200 days.

Clean Energy Fuels Corp. [CLNE]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Clean Energy Fuels Corp. [CLNE] shares currently have an operating margin of +4.41 and a Gross Margin at +25.36. Clean Energy Fuels Corp.’s Net Margin is presently recorded at +5.82.

Return on Total Capital for CLNE is now 2.43, given the latest momentum, and Return on Invested Capital for the company is 3.46. Return on Equity for this stock inclined to 3.92, with Return on Assets sitting at 2.77. When it comes to the capital structure of this company, Clean Energy Fuels Corp. [CLNE] has a Total Debt to Total Equity ratio set at 22.83. Additionally, CLNE Total Debt to Total Capital is recorded at 18.59, with Total Debt to Total Assets ending up at 15.67. Long-Term Debt to Equity for the company is recorded at 11.58, with the Long-Term Debt to Total Capital now at 9.43.

Reflecting on the efficiency of the workforce at the company, Clean Energy Fuels Corp. [CLNE] managed to generate an average of $49,566 per employee. Receivables Turnover for the company is 3.02 with a Total Asset Turnover recorded at a value of 0.48.Clean Energy Fuels Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.30 and a Current Ratio set at 2.60.

Clean Energy Fuels Corp. [CLNE]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Clean Energy Fuels Corp. posted 0.2/share EPS, while the average EPS was predicted by analysts to be reported at 0.16/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 25.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CLNE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Clean Energy Fuels Corp. go to 15.00%.

An analysis of insider ownership at Clean Energy Fuels Corp. [CLNE]

There are presently around $596 million, or 31.00% of CLNE stock, in the hands of institutional investors. The top three institutional holders of CLNE stocks are: DIMENSIONAL FUND ADVISORS LP with ownership of 11,031,319, which is approximately -0.017% of the company’s market cap and around 34.41% of the total institutional ownership; BLACKROCK INC., holding 8,964,289 shares of the stock with an approximate value of $89.11 million in CLNE stocks shares; and VANGUARD GROUP INC, currently with $66.31 million in CLNE stock with ownership of nearly -12.378% of the company’s market capitalization.

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Positions in Clean Energy Fuels Corp. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 62 institutional holders increased their position in Clean Energy Fuels Corp. [NASDAQ:CLNE] by around 9,145,882 shares. Additionally, 64 investors decreased positions by around 8,367,032 shares, while 41 investors held positions by with 42,469,929 shares. The mentioned changes placed institutional holdings at 59,982,843 shares, according to the latest SEC report filing. CLNE stock had 32 new institutional investments in for a total of 5,905,885 shares, while 24 institutional investors sold positions of 1,000,983 shares during the same period.

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