Clean Energy Fuels Corp (NASDAQ: CLNE): Blank Check On Growth?

Clean Energy Fuels Corp (NASDAQ:CLNE) price on Wednesday, July 10, fall -0.88% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.24.

A look at the stock’s price movement, the close in the last trading session was $2.26. Turning to its 52-week performance, $5.25 and $2.17 were the 52-week high and 52-week low respectively. Overall, CLNE moved -23.81% over the past month.

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Clean Energy Fuels Corp’s market cap currently stands at around $500.10 million.

Turning to the stock’s technical picture we see that short term indicators suggest on average that CLNE is a 100% Sell. On the other hand, the stock is on average a 75% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

CLNE’s current price about -14.80% and -14.58% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.95, while 7-day volatility ratio is 4.94% and 5.63% in the 30-day chart. Further, Clean Energy Fuels Corp (CLNE) has a beta value of 2.15, and an average true range (ATR) of 0.15.

If we refocus on Clean Energy Fuels Corp (NASDAQ:CLNE), historical trading data shows that trading volumes averaged 1.71 million over the past 3 months. The company’s latest data on shares outstanding shows there are 223.03 million shares.

The 26.29% of Clean Energy Fuels Corp’s shares are in the hands of company insiders while institutional holders own 50.23% of the company’s shares. Current price change has pushed the stock -41.51% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CLNE stock continues to rise going into the next quarter.

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