Clean Energy Fuels Corp. [NASDAQ: CLNE] stock went on a downward path that fall over -9.62% on Thursday, amounting to a one-week price decrease of less than -17.09%. The company report on February 18, 2021 that MJTV Wholly Owned Subsidiary, New England Biotech Accepts Delivery Of Post Secondary CBD Extraction Lines.
MJ Biotech, Inc. (OTCQB:MJTV), is pleased to announce its partner, Genesis Botanical Research (GBR), an MJTV Wholly Owned Subsidiary, took in the delivery of CBD extraction equipment. The post-secondary extraction lines are being erected at a temporary satellite location for assembly and fine-tuning. These lines will be moved to the Maine extraction facility once the structure is complete.
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As previously disclosed, the site of the facility is located in Sagadahoc County in Mid-Coast Central Maine on an agricultural plot of land. No time is being wasted as Genesis Botanical is and will perform tasks ahead of time, such as these CBD extractions lines, so there is no dead time between the necessary steps needed to be taken to have the facility operational.
Over the last 12 months, CLNE stock rose by 385.99%. The one-year Clean Energy Fuels Corp. stock forecast points to a potential upside of 29.75. The average equity rating for CLNE stock is currently 2.20, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.69 billion, with 198.79 million shares outstanding and 130.00 million shares in the current float. Compared to the average trading volume of 9.42M shares, CLNE stock reached a trading volume of 9268375 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $20.00 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 2.20. 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.
Credit Suisse have made an estimate for Clean Energy Fuels Corp. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 03, 2021. The new note on the price target was released on February 03, 2020, representing the official price target for Clean Energy Fuels Corp. stock.
The Average True Range (ATR) for Clean Energy Fuels Corp. is set at 1.52, with the Price to Sales ratio for CLNE stock in the period of the last 12 months amounting to 8.01. The Price to Book ratio for the last quarter was 5.44, with the Price to Cash per share for the same quarter was set at 0.48. Price to Free Cash Flow for CLNE in the course of the last twelve months was 74.85 with Quick ratio for the last quarter at 2.30.
CLNE Stock Performance Analysis:
Clean Energy Fuels Corp. [CLNE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -17.09. With this latest performance, CLNE shares gained by 41.30% in over the last four-week period, additionally plugging by 398.05% over the last 6 months – not to mention a rise of 385.99% 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 54.91, with the RSI for the last a single of trading hit 48.91, and the three-weeks RSI is set at 58.16 for Clean Energy Fuels Corp. [CLNE]. The present Moving Average for the last 50 days of trading for this stock 9.90, while it was recorded at 15.90 for the last single week of trading, and 4.43 for the last 200 days.
Insight into Clean Energy Fuels Corp. Fundamentals:
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.
CLNE Stock EPS
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%.
Clean Energy Fuels Corp. [CLNE] Insider Position Details
There are presently around $888 million, or 31.10% 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 11,013,905, which is approximately -0.158% of the company’s market cap and around 1.30% of the total institutional ownership; BLACKROCK INC., holding 9,495,521 shares of the stock with an approximate value of $133.37 million in CLNE stocks shares; and VANGUARD GROUP INC, currently with $97.32 million in CLNE stock with ownership of nearly 3.865% of the company’s market capitalization.
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 89 institutional holders increased their position in Clean Energy Fuels Corp. [NASDAQ:CLNE] by around 8,332,631 shares. Additionally, 66 investors decreased positions by around 5,276,567 shares, while 32 investors held positions by with 49,630,893 shares. The mentioned changes placed institutional holdings at 63,240,091 shares, according to the latest SEC report filing. CLNE stock had 45 new institutional investments in for a total of 3,929,756 shares, while 21 institutional investors sold positions of 1,174,649 shares during the same period.