Metrics That Matter About Clean Energy Fuels Corp. (NASDAQ: CLNE)

Clean Energy Fuels Corp. (NASDAQ:CLNE) shares, rose in value on Thursday, 08/25/22, with the stock price down by -2.08% to the previous day’s close as strong demand from buyers drove the stock to $7.54.

Actively observing the price movement in the last trading, the stock closed the session at $7.70, falling within a range of $7.50 and $7.87. The value of beta (5-year monthly) was 1.93. Referring to stock’s 52-week performance, its high was $9.69, and the low was $4.02. On the whole, CLNE has fluctuated by 33.93% over the past month.

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With the market capitalization of Clean Energy Fuels Corp. currently standing at about $1.76 billion, investors are eagerly awaiting this quarter’s results, scheduled for Mar 07, 2022 – Mar 11, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.03, which is expected to increase to $0.08 for fiscal year -$0.01 and then to about -$0.02 by fiscal year 2023. Data indicates that the EPS growth is expected to be -125.00% in 2023, while the next year’s EPS growth is forecast to be -100.00%.

Analysts have estimated the company’s revenue for the quarter at $125.39 million, with a low estimate of $103.7 million and a high estimate of $167.6 million. According to the average forecast, sales growth in current quarter could jump up 45.60%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $439.01 million, representing an increase of 71.70% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 2 upward and no downward review(s) in last seven days. We see that CLNE’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CLNE currently trading nearly 2.58% and 26.35% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.93, while the 7-day volatility ratio is showing 4.42% which for the 30-day chart, stands at 6.32%. Furthermore, Clean Energy Fuels Corp. (CLNE)’s beta value is 2.08, and its average true range (ATR) is 0.41.

A comparison of Clean Energy Fuels Corp. (CLNE) with its peers suggests the former has fared considerably weaker in the market. CLNE showed an intraday change of -2.08% in last session, and over the past year, it shrunk by -3.46%%. In comparison, Murphy USA Inc. (MUSA) has moved higher at 0.12% on the day and was up 93.30% over the past 12 months. On the other hand, the price of MDU Resources Group Inc. (MDU) has risen 0.48% on the day. The stock, however, is off -3.47% from where it was a year ago. Additionally, there is a gain of 0.60% for Republic Services Inc. (RSG) in last trading while the stock has seen an overall depriciation of 20.30%% over the past year. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 1.41%. Meanwhile, the Dow Jones Industrial Improved by 0.98%.

Data on historical trading for Clean Energy Fuels Corp. (NASDAQ:CLNE) indicates that the trading volumes over the past 10 days have averaged 2.6 million and over the past 3 months, they’ve averaged 3.75 million. According to company’s latest data on outstanding shares, there are 222.43 million shares outstanding.

Nearly 0.70% of Clean Energy Fuels Corp.’s shares belong to company insiders and institutional investors own 46.90% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.27 million shares as on Jul 14, 2022, resulting in a short ratio of 2.74. According to the data, the short interest in Clean Energy Fuels Corp. (CLNE) stood at 5.96% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 12.98 million. The stock has risen by 23.00% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CLNE stock heading into the next quarter.

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