Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. ReNew Energy Global plc’s current trading price is -10.01% away from its 52-week high, while its distance from the 52-week low is 36.11%. The stock’s price range over this period has fluctuated between $5.15 and $7.79. The company, operating within the financial sector, had a trading volume of approximately 3.06 million for the day, which was noticeably higher than the average daily share volume of 0.87 million over the last 3 months.
ReNew Energy Global plc experienced a rather steady stock market performance. The highest value in the past year was recorded at $7.79 on 01/02/24 and the lowest value was $5.15 on 11/06/24.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
ReNew Energy Global plc (RNW) has experienced a quarterly rise of 11.98% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.61B and boasts a workforce of 3988 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 5.89, with a change in price of +1.40. Similarly, ReNew Energy Global plc recorded 798,469 in trading volume during the last 100 days, posting a change of +25.07%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for RNW stands at 6.30. Similarly, the long-term debt-to-equity ratio is also 5.27.
RNW Stock Stochastic Average
Today, ReNew Energy Global plc’s raw stochastic average for the past 50 days stands at 97.94%, indicating a rise from the raw stochastic average of the last 20 days, which was 97.90%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 90.41% and 86.20% respectively.
RNW Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The metric has seen a significant loss of -8.49% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 11.27%. Over the past 30 days, the price of RNW has fallen by 30.54%. And in the last five days, it has surged by 16.64%.
