Let’s start up with the current stock price of Azure Power Global Limited (AZRE), which is $31.01 to be very precise. The Stock rose vividly during the last session to $32.92 after opening rate of $32.92 while the lowest price it went was recorded $30.03 before closing at $30.96.
Recently in News on February 11, 2021, Azure Power Global Ltd. to Host Earnings Call. Azure Power Global Ltd. (NYSE:AZRE) will be discussing their earnings results in their 2021 Third Quarter Earnings call to be held on February 11, 2021 at 8:30 AM Eastern Time. You can read further details here
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Azure Power Global Limited had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $53.60 on 01/06/21, with the lowest value was $29.00 for the same time period, recorded on 02/23/21.
Azure Power Global Limited (AZRE) full year performance was 93.74%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Azure Power Global Limited shares are logging -42.15% during the 52-week period from high price, and 146.89% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $12.56 and $53.60.
The company’s shares, operating in the sector of Utilities managed to top a trading volume set approximately around 634475 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Azure Power Global Limited (AZRE) recorded performance in the market was -24.06%, having the revenues showcasing 4.21% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 1.47B, as it employees total of 605 workers.
Specialists analysis on Azure Power Global Limited (AZRE)
During the last month, 4 analysts gave the Azure Power Global Limited a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 35.01, with a change in the price was noted +0.60. In a similar fashion, Azure Power Global Limited posted a movement of +1.90% for the period of last 100 days, recording 215,685 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for AZRE is recording 3.62 at the time of this writing. In addition, long term Debt to Equity ratio is set at 3.25.
Trends and Technical analysis: Azure Power Global Limited (AZRE)
Raw Stochastic average of Azure Power Global Limited in the period of last 50 days is set at 12.97%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 24.60%. In the last 20 days, the company’s Stochastic %K was 14.82% and its Stochastic %D was recorded 12.16%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -24.06%. Additionally, trading for the stock in the period of the last six months notably improved by 33.22%, alongside a boost of 93.74% for the period of the last 12 months. The shares increased approximately by -13.81% in the 7-day charts and went up by -33.63% in the period of the last 30 days. Common stock shares were driven by 4.21% during last recorded quarter.