Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) recorded 9.09% gain during trading session on November 8th, 2018. The script traded as low as $2.3 and last traded at $2.64. 1.8 million shares changed exchanged hands during trading, a drop of -73.44% from the 30-day average session volume of 1.04M shares. The firm had previously closed at $2.42. The company has $197.32M outstanding shares, price-to-earnings-growth ratio of 1.51 and a beta of 1.70. The company has a RSI of 66.47, ATR of 0.13 and a volatility of 7.25% this week. CLNE has a 52 week low price of $1.31 and a 52 week high price of $4.05.
Investors have identified the tech company Clean Energy Fuels Corp. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 520.92M, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Clean Energy Fuels Corp. (CLNE) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For CLNE, the company has in raw cash 160.02 million on their books with 12.85 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 0 total, with 0 as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
CLNE were able to record 0 as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 14.21 million. In cash movements, the company had a total of 0 as operating cash flow.
Potential earnings growth for Clean Energy Fuels Corp. (CLNE)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Clean Energy Fuels Corp. recorded a total of 77.32 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -0.06% coming in sequential stages and their sales for the third quarter increasing by 0.09%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 52.81 million trying to sell their products during the last quarter, with the result yielding a gross income of 24.51 million. This allows shareholders to hold on to 197.32M with the revenue now reading -50 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (-0.04 cents a share).
Is the stock of CLNE attractive?
Having a look at the company’s valuation, the company is expected to record -0.16 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on CLNE sounds very interesting.
In related news, 10% Owner TOTAL S.A. bought 50,856,296 shares of the company’s stock in a transaction that recorded on June 8th, 2018. The purchase was performed at an average price of 1.64, for a total value of 83,404,325. As the purchase deal closes, the Director TOTAL S.A. now bought 20,000 shares of the company’s stock, valued at 49,834. Also, SVP, Strategic Development Corbus Barclay bought 15,000 shares of the company’s stock in a deal that was recorded on May 18th, 2018. The shares were bought at an average cost of 2.36 per share, with a total market value of 549,113. Following this completion of disposal, the Chief Financial Officer now holds 17,300 shares of the company’s stock, valued at 40,082. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.20%.
0 out of 3 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Clean Energy Fuels Corp. stock. 0 analysts has assigned a Sell rating on the CLNE stock. The 12-month mean consensus price target for the company’s shares has been set at $6.50.