ReNew Energy Global plc (RNW) Stock: 52-Week Performance Insights and Trading Volume

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A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. ReNew Energy Global plc’s current trading price is -20.41% away from its 52-week high, while its distance from the 52-week low is 29.71%. The stock’s price range for this time frame has been between $4.78 and $7.79. The trading volume of the company’s shares in the Utilities reached around 1.43 million for the day, which was evidently higher than the average daily volume of 1.04 million over the last three months.

The market performance of ReNew Energy Global plc has been somewhat stable. Over the past year, the company’s stock achieved a high of $7.79 on 01/02/24, with the lowest value for the same timeframe being $4.78, recorded on 10/06/23.

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How Financial Performance Impacts Market Capitalization

ReNew Energy Global plc (RNW) has experienced a quarterly decline of -6.77% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.31B and boasts a workforce of 2481 employees.

The Role of Moving Averages and Trading Volume in Technical Analysis

Based on Barchart.com data, the company’s moving average over the 100-day period was 6.17, with a change in price of -0.71. Similarly, ReNew Energy Global plc recorded 861,893 in trading volume during the last 100 days, posting a change of -10.27%.

How RNW’s Debt-to-Equity Ratio Affects Financial Health

A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for RNW stands at 6.23. Similarly, the long-term debt-to-equity ratio is also 5.45.

RNW Stock Stochastic Average

ReNew Energy Global plc’s raw stochastic average for the past 50 days is currently at 72.87%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 61.54%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 47.74% and 46.68%, respectively.

RNW Stock Price Performance Analysis

The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. This year’s metric has recorded a Price decrease of -19.06%. However, over the past six months, we’ve seen a stronger performance of -8.42%. The price of RNW fallen by 2.99% over the last 30 days. And in the last five days, it has surged by 3.51%.

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