Clean Energy Fuels Corp [NASDAQ: CLNE] traded at a low on Wednesday, posting a -4.81 loss after which it closed the day’ session at $1.78.
The results of the trading session contributed to over 2977088 shares changing hands. Over the past one week, the price volatility of Clean Energy Fuels Corp stands at 6.58% while the volatility over the past one month is 6.20%.
The market cap for CLNE stock reached $393.35 million, with 223.74 million shares outstanding and 162.32 million shares in the current float. Compared to the average trading volume of 2.75M shares, CLNE reached a trading volume of 2977088 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $4.22 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 1.20. 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.
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 0.13, with the Price to Sales ratio for CLNE stock in the period of the last 12 months amounting to 0.94. The Price to Book ratio for the last quarter was 0.67, with the Price to Cash per share for the same quarter was set at 1.04. Price to Free Cash Flow for CLNE in the course of the last twelve months was 12.76 with Quick ratio for the last quarter at 2.50.
How has CLNE stock performed recently?
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 -4.30. With this latest performance, CLNE shares gained by 17.88% in over the last four-week period, additionally sinking by -42.21% over the last 6 months – not to mention a drop of -43.13% 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 50.14, with the RSI for the last a single of trading hit 47.59, and the three-weeks RSI is set at 50.19 for Clean Energy Fuels Corp [CLNE]. The present Moving Average for the last 50 days of trading for this stock 1.6308, while it was recorded at 1.7980 for the last single week of trading, and 2.5076 for the last 200 days.
Clean Energy Fuels Corp [CLNE]: Deeper insight into the fundamentals
Clean Energy Fuels Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.50 and a Current Ratio set at 2.82.
Insider trade positions for Clean Energy Fuels Corp [CLNE]
The top three institutional holders of CLNE stocks are: GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC with ownership of 19.08 million shares, which is approximately 8.5451%. BLACKROCK INC., holding 15.1 million shares of the stock with an approximate value of $$40.32 million in CLNE stocks shares; and BLACKROCK INC., currently with $$30.35 million in CLNE stock with ownership which is approximately 5.0913%.
