In terms of market performance, ReNew Energy Global plc had a somewhat regular. The highest value for the stock in the past year was $7.79 on 01/02/24, while the lowest value was $4.78 on 10/06/23.
52-week price history of RNW Stock
Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. ReNew Energy Global plc’s current trading price is -19.64% away from its 52-week high, while its distance from the 52-week low is 30.96%. The stock’s price range for this period has remained between $4.78 and $7.79. The Utilities sector company’s shares managed to surpass a trading volume of around 1.12 million for the day, which was noticeably higher compared to the shares’ average daily volume of 0.89 million over the last three months.
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Financial Performance and Market Capitalization
ReNew Energy Global plc (RNW) has experienced a quarterly decline of -2.95% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.34B and boasts a workforce of 3988 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 6.02, with a change in price of +0.06. Similarly, ReNew Energy Global plc recorded 1,089,594 in trading volume during the last 100 days, posting a change of +0.97%.
RNW Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for RNW stands at 6.45. Similarly, the long-term debt-to-equity ratio is also 5.47.
RNW Stock Stochastic Average
As of today, the raw stochastic average of ReNew Energy Global plc over the last 50 days is at 67.19%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 62.16%. Further, the company’s Stochastic %K and %D values for the last 20 days were 82.96% and 89.13%, respectively.
RNW Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. This year’s metric has recorded a Price decrease of -18.28%. However, over the past six months, we’ve seen a weaker performance of 4.33%. The price of RNW fallen by 10.02% over the last 30 days. And in the last five days, it has fallen by -4.72%.
