, and the 36-month beta value for CLNE is at 2.24. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The average price suggested by analysts for CLNE is $10.06, which is $6.89 above the current market price. The public float for CLNE is 176.11M, and currently, shorts hold a 6.12% of that float. The average trading volume for CLNE on March 10, 2023 was 2.25M shares.
CLNE) stock’s latest price update
Clean Energy Fuels Corp. (NASDAQ: CLNE)’s stock price has increased by 0.58 compared to its previous closing price of 4.34. However, the company has experienced a -12.53% decline in its stock price over the last five trading sessions.
CLNE’s Market Performance
Clean Energy Fuels Corp. (CLNE) has experienced a -12.53% fall in stock performance for the past week, with a -23.56% drop in the past month, and a -25.13% drop in the past quarter. The volatility ratio for the week is 7.41%, and the volatility levels for the past 30 days are at 5.64% for CLNE. The simple moving average for the last 20 days is -17.80% for CLNE stock, with a simple moving average of -26.08% for the last 200 days.
Analysts’ Opinion of CLNE
Many brokerage firms have already submitted their reports for CLNE stocks, with Piper Sandler repeating the rating for CLNE by listing it as a “Overweight.” The predicted price for CLNE in the upcoming period, according to Piper Sandler is $8 based on the research report published on February 28th of the current year 2023.
UBS, on the other hand, stated in their research note that they expect to see CLNE reach a price target of $12. The rating they have provided for CLNE stocks is “Buy” according to the report published on December 14th, 2022.
Jefferies gave a rating of “Buy” to CLNE, setting the target price at $9 in the report published on October 19th of the previous year.
CLNE Trading at -20.00% from the 50-Day Moving Average
After a stumble in the market that brought CLNE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.54% of loss for the given period.
Volatility was left at 5.64%, however, over the last 30 days, the volatility rate increased by 7.41%, as shares sank -20.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.15% lower at present.
During the last 5 trading sessions, CLNE fell by -12.42%, which changed the moving average for the period of 200-days by -10.27% in comparison to the 20-day moving average, which settled at $5.25. In addition, Clean Energy Fuels Corp. saw -16.06% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at CLNE starting from Corbus Barclay, who sale 5,643 shares at the price of $5.69 back on Feb 27. After this action, Corbus Barclay now owns 624,458 shares of Clean Energy Fuels Corp., valued at $32,133 using the latest closing price.
Corbus Barclay, the SVP, STRATEGIC DEVELOPMENT of Clean Energy Fuels Corp., sale 11,286 shares at $5.49 during a trade that took place back on Jan 23, which means that Corbus Barclay is holding 630,101 shares at $61,960 based on the most recent closing price.
Stock Fundamentals for CLNE
Current profitability levels for the company are sitting at:
- -12.44 for the present operating margin
- +13.64 for the gross margin
The net margin for Clean Energy Fuels Corp. stands at -14.00. Equity return is now at value -8.10, with -6.00 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 3.18.
In conclusion, Clean Energy Fuels Corp. (CLNE) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.