Clean Energy Fuels Corp [NASDAQ: CLNE] gained 22.73% or 0.55 points to close at $2.97 with a heavy trading volume of 4640460 shares.
The daily chart for CLNE points out that the company has recorded 4.58% gains over the past six months.
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If we look at the average trading volume of 1.75M shares, CLNE reached to a volume of 4640460 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 $7.08 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 1.22. 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 Strong Buy, with their previous recommendation back on October 03, 2023. While these analysts kept the previous recommendation, Northland Capital raised their target price to Outperform. The new note on the price target was released on September 05, 2023, representing the official price target for Clean Energy Fuels Corp stock. Previously, the target price had yet another raise to $6, while Stifel analysts kept a Buy rating on CLNE stock.
The Average True Range (ATR) for Clean Energy Fuels Corp is set at 0.20, with the Price to Sales ratio for CLNE stock in the period of the last 12 months amounting to 1.64. The Price to Book ratio for the last quarter was 0.92, with the Price to Cash per share for the same quarter was set at 1.13.
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 7.61. With this latest performance, CLNE shares gained by 32.59% in over the last four-week period, additionally plugging by 4.58% over the last 6 months – not to mention a drop of -34.44% 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 60.67, with the RSI for the last a single of trading hit 64.82, and the three-weeks RSI is set at 58.04 for Clean Energy Fuels Corp [CLNE]. The present Moving Average for the last 50 days of trading for this stock 2.68, while it was recorded at 2.60 for the last single week of trading, and 2.94 for the last 200 days.
Clean Energy Fuels Corp [CLNE]: A deeper dive into fundamental analysis
Clean Energy Fuels Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.82 and a Current Ratio set at 3.17.
An analysis of Institutional ownership at Clean Energy Fuels Corp [CLNE]
The top three institutional holders of CLNE stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in CLNE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in CLNE stock with ownership which is approximately 5.1238%.
