Needham raised the price target for the Clean Energy Fuels Corp. (NASDAQ:CLNE) stock to “a Buy”. The rating was released on May 11, 2021. The research report from Cowen has initiated the stock to Market Perform, with a price target set at $14. The stock was initiated by Credit Suisse, who disclosed in a research note on February 03, 2021, to Outperform and set the price objective to $17.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Clean Energy Fuels Corp. (NASDAQ:CLNE) dipped -5.40% to close Tuesday’s market session at $9.46, lower as compared to yesterday’s close. The stock price fluctuated between $9.2822 and $9.91 throughout the trading session with the volume trading being 10066231 shares, which represented a significant variation when compared to the three months average volume of 16.66 million shares. The firm’s stock price fluctuated -12.65% within the last five trades and 1.61% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 20.89% in the last 6 months and -31.80% was subtracted to its value over the previous 3 months. CLNE stock is trading at a margin of -13.16%, -3.70% and 9.54% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, CLNE deals in the Energy domain. The stock is trading -52.20 percent below its 52-week high and 333.94 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 24.09. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Clean Energy Fuels Corp.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -6.60 percent and the profit margin is -6.60 percent, and the company has reported a gross margin of 35.30 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $1.97 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 236.50. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 6.98 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 3.68, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 23.40 percent of Clean Energy Fuels Corp. shares are owned by insiders, and 39.90 percent are held by financial institutions. TOTAL MARKETING SERVICES S.A.S, the 10% Owner at Clean Energy Fuels Corp. (CLNE) has sold 750,000 shares of firm on Jun 15 at a price of $11.17 against the total amount of $8.38 million. In another inside trade, Vreeland Robert M., Chief Financial Officer of Clean Energy Fuels Corp. (NASDAQ:CLNE) sold 171,083 shares of the firm on Jun 15 for a total worth of $1.99 million at a price of $11.63. An inside trade which took place on Jun 14, 10% Owner of Clean Energy Fuels Corp. TOTAL MARKETING SERVICES S.A.S sold 730,000 shares of firm against total price of $8.53 million at the cost of $11.69 per share.