Clearway Energy Inc. (NYSE:CWEN) currently has a daily average trading volume of 596.45K but it saw 333349 shares traded on Wednesday. With a market cap of 7.05B USD, stock’s current market price of $35.87 came falling about -0.53 while comparing to the previous closing price of $36.06. In past 52 weeks, the stock remained buoying in the range of price level as high as $41.79 and as low as $29.61. In the recent trading on the day, stock has struck highest price mark of $36.09 while lowest mark touched by it was $35.50.
Taking a look at 20-day trading activity of Clearway Energy Inc. (CWEN) gives us an average price of $35.23, while its current price level is -14.17% below from 52-week high level whereas it is 21.14% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $34.21 while that of 200 days or SMA-200 reads an average of $34.89. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.17% during that period while stretching the period over a month that increases to 2.67%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 57.91 which implies that the stock is in neutral territory.
Clearway Energy Inc. (CWEN)’s stock is currently under the radar of 12 analysts who are in consensus at a 12-month price target range of between $34.00 and $46.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $34.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $46.00. Average price target assigned by them is $38.29 which highlights an upside potential of 6.32% for the stock over that period. And to attain the median price target of $38.50 assigned by those analysts, stock has to add about 6.83% of value to its current levels.
Data by FactSet Research shows that 12 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 7 analysts suggested the investors to Buy the stock while 5 advised them to Hold.
Oppenheimer issued its recommendations for the stock as it upgraded the price target for the stock is $44.
Over the week, CWEN’s stock price is moving 0.59% up while it is 7.65% when we observe its performance for the past one month. Year-to-date it is -0.44% down and over the past year, the stock is showing a downside performance of -8.45%.
Currently, Clearway Energy Inc.’s total number of outstanding shares is 124.94M with 0.98% of that held by the insiders while 95.09% of its common stock has been owned by the institutions. It has a price to earnings ratio (P/E ratio) of 7.44. Stock has a price to book (P/B) ratio of 1.83 while price to sale or P/S ratio amounts to 5.69.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Total Stock Market Index came shrinking its share ownership by 1.29% in the Clearway Energy Inc. (CWEN) increasing its stake to 2.77% with control over 28918.0 shares in the company. As per SEC documents, Vanguard Total Stock Market Index sought 2,278,979 of company’s common stock of worth $79.17 million as per recent closing price of the stock. Vanguard Total Stock Market Index is not the only institutional holder which restructured its stake in Clearway Energy Inc., as Vanguard Small Cap Index Fund picked 2,118,412 shares of worth $73.59 million to bring its holdings to a total of 31405.0 shares. In the most recent quarter, iShares Russell 2000 ETF came cutting its stake by -1.82% in the company and now holds 1.78 million or 2.17% of the company’s stake having worth of about 61.97 million.