How to interpret Clean Energy Fuels Corp. (CLNE)’s stock chart patterns

As of Monday, Clean Energy Fuels Corp.’s (NASDAQ:CLNE) stock closed at $4.09, down from $4.37 the previous day. While Clean Energy Fuels Corp. has underperformed by -6.41%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CLNE fell by -34.03%, with highs and lows ranging from $7.73 to $3.84, whereas the simple moving average fell by -15.30% in the last 200 days.

On September 05, 2023, Northland Capital started tracking Clean Energy Fuels Corp. (NASDAQ: CLNE) recommending Outperform.

Analysis of Clean Energy Fuels Corp. (CLNE)

Further, the quarter-over-quarter decrease in sales is -6.90%, showing a negative trend in the upcoming months.

One of the most important indicators of Clean Energy Fuels Corp.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -10.80% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.80, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.

For any stock, average volume can also provide valuable insight into volatility, and CLNE is recording 1.63M average volume. On a monthly basis, the volatility of the stock is set at 4.56%, whereas on a weekly basis, it is put at 5.23%, with a loss of -11.09% over the past seven days. Furthermore, long-term investors anticipate a median target price of $8.77, showing growth from the present price of $4.09, which can serve as yet another indication of whether CLNE is worth investing in or should be passed over.

How Do You Analyze Clean Energy Fuels Corp. Shares?

Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.60%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 47.70% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.

Are institutional investors increasing their holdings in CLNE shares?

The recent increase in stakes in CLNE appears to be a result of several institutional investors and hedge funds increasing their positions. Grantham, Mayo, Van Otterloo & Co’s position in CLNE has decreased by -7.55% in the first quarter. The company now owns 14,040,522 shares of the stock, with a value of $59.81 million, following the sale of -1,146,396 additional shares during the last quarter. BlackRock Fund Advisors made another increased to its shares in CLNE during the first quarter, upping its stake by 0.80%. During the last quarter, the company picked up 90,834 additional shares for a total stake of worth $48.82 million, bringing number of shares owned by the company to 11,460,784.

During the first quarter, Dimensional Fund Advisors LP added a 320,575 position in CLNE. The Vanguard Group, Inc. sold an additional 42844.0 shares in the last quarter, decreasing its holdings by -0.45%, now holding 9.55 million shares worth $40.7 million. At the end of the first quarter, Global Alpha Capital Management L decreased its CLNE holdings by -2.40% and now holds 6.99 million CLNE shares valued at $29.77 million with the lessened -0.17 million shares during the period. CLNE shares are owned by institutional investors to the tune of 47.70% at present.