Considering all key technical indicators, a 88% Buy signal has occurred for Clean Energy Fuels Corp. (NASDAQ:CLNE). The stock is also flashing a Buy from the Barchart TrendSpotter trading system. Traders hoping to speculate on the CLNE’s short-term trajectory should know that short terms indicators for the stock averaged 80% Buy with an average daily trading volume over the past 20 days at 1152680 shares. CLNE stock has overall a 0.75% Buy signal considering medium term indicators and the 50-day average daily volume remained almost 1085630 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was shares, is 100% Buy on the basis of long term indicators.
The share price is currently staying around the first support level of $3.2. Below this, the next support is placed in the zone of $3.13. Till the time, the CLNE stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 65.4 on daily chart, which may remain a cause for concern. If the price breaks below $3.13 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $3.32 mark may result into a pull-back move towards $3.37 level.
Clean Energy Fuels Corp. (CLNE) is projected to climb by 98.78 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $7-month high price target. This represents a whopping 114.07 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $6.5, which represents a return potential of 98.78 percent when compared to the closing price of the stock of $3.27 on Monday, April 15. The lowest price target for the stock is $6 — slightly more than 83.49 percent from CLNE’s current share price.
Here’s a rundown of insider trading activity for sense of Clean Energy Fuels Corp. (NASDAQ:CLNE). The earliest insider trade took place on 06/08/2018. TOTAL S.A. gathered a total of 50.86 million shares of company at average share price of $1.64. The total for the purchase was set at $83.4 million. After this transaction, the 10% Owner account balance stood at 50.86 million shares. The stock grew 99.39 percent since that insider purchase. On 05/21/2018, Scully Stephen, Director, purchased 20 thousand shares at a price per share of $2.49. This added 49.8 thousand shares to the insider’s fortune and the stock saw a 31.33 percent rally in value since the news became public. This transaction left 199.12 thousand shares in the Director account. On 05/18/2018, CEO and President Littlefair Andrew J performed a purchase transaction worth $50.6 thousand. This purchase at $2.3 each has added 22 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded 42.17 percent increase since the transaction was reported. The insider now is left with 1.6 million shares remaining in the account. Vreeland Robert M., who performs the CFO job, bought 17.3 thousand shares for $40.14 thousand. The acquisition occurred on 05/18/2018 was priced at $2.32 per share. The share price soared 40.95 percent since the reporting date. Vreeland Robert M. now left with a stake of 306.7 thousand CLNE stock worth $1 million after the insider buying.
CLNE shares accumulated 0.04 points or 1.24 percent on Monday to $3.27 with a light trade volume of 896.022 thousand shares. After opening the session at $3.21, the shares went as high as $3.3 and as low as $3.18, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $644 million and now has 196.83 million shares outstanding. Clean Energy Fuels Corp. (CLNE) stock has gained 20.66 percent of market value in 21 trading days.
Analysts at Raymond James cut their rating on shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) from Mkt Perform to Underperform in their opinion released on July 05. Raymond James analysts bumped their recommendation on CLNE stock from Underperform to Mkt Perform in a separate flash note to investors on January 05. Analysts at Northland Capital are sticking to their Market Perform recommendation. However, on October 24, they lifted target price for these shares to $6 from $10. Analysts at Northland Capital, made their first call for the stock with a Market Perform rating, according to a research note that dated back to October 24.
CLNE stock has a trailing 3-year beta of 2.1, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$0.02 a share in the trailing twelve months. The stock’s value has surged 90.12 percent year to date (YTD) against a rise of 101.85 percent in 12 month’s time. The company’s shares still trade -19.24 percent away from its 1-year high of $4.05 and 112.34 percent up from 52-week low of $1.54. The average consensus rating on the company is 0, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.
Shares of Clean Energy Fuels Corp. (CLNE) are trading at a P/E ratio of 15.56 times earnings reported for the past 12 months. The industry CLNE operates in has an average P/E of 22.46. Its P/E ratio went as low as 0X and as high as 0 over the 5-year span. Further, it is sporting a 1.86 on the Price-to-Sales ratio. Compare this with the industry average P/S of 1.1. 38.5 percent is the gross profit margin for Clean Energy Fuels Corp. and operating margin sits at 1.1 percent. Along with this, the net profit margin is -1.1 percent.
CLNE will be declaring its Q1 financial results on May 06. Analysts are forecasting revenue to suffer decline of -24.3 percent to $77.57M in the next fiscal quarter, while earnings are seen soaring by nearly -125 percent to -$0.02 per share. History has shown that shares in Clean Energy Fuels Corp. have gone down on 23 different earnings reaction days. In last reported earnings results, it earned -$0.01 per share, better than the -$0.05, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $96.23M, better than the $77.53M analysts expected. Earnings are estimated to increase by 83.8 percent this year, 100 percent next year and continue to increase by 25 percent annually for the next 5 years.
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