With 1.61 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.34 million shares. The 52-week range on RNG shows that it touched its highest point at $42.19 and its lowest point at $26.98 during that stretch. It currently has a 1-year price target of $37.50. Beta for the stock currently stands at 1.29.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RNG was down-trending over the past week, with a drop of -2.31%, but this was down by -19.34% over a month. Three-month performance dropped to -26.01% while six-month performance fell -14.95%. The stock lost -16.12% in the past year, while it has lost -20.19% so far this year. A look at the trailing 12-month EPS for RNG yields -0.63 with Next year EPS estimates of 4.69. For the next quarter, that number is 0.96. This implies an EPS growth rate of 13.77% for this year and 11.49% for next year. EPS is expected to grow by 11.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 0.38%.
Float and Shares Shorts:
At present, 80.91 million RNG shares are outstanding with a float of 78.88 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RNG since 14 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $3.71018 being high and $3.66018 being low. For RNG, this leads to a yearly average estimate of $3.69018. Based on analyst estimates, the high estimate for the next quarter is $1.07 and the low estimate is $0.95. The average estimate for the next quarter is thus $1.02.
