Renewable Energy Group Inc. (NASDAQ:REGI) went up by 5.16% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Oil & Gas Refining & Marketing giant went up by $24.74 to trade ended Wednesday trading at $23.52. This is up from the $23.525 price recorded on Tuesday’s trading session. Thanks to this latest performance, REGI is closer to the higher price 52-week target of $58.00 and further from the lowest price target of $33.00. Its performance from the start of the year has also been negative, with REGI down by -8.20% year-to-date.
Renewable Energy Group Inc. (REGI) started the day trading at $23.64 and recorded an intraday high of $24.89. It also recorded an intraday low of $23.46 during Wednesday’s trading session. Renewable Energy Group Inc. is a very active stock that recorded a trading volume that is less than -20.78% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 568489, which is less than -20.78 of the total average daily trading volume of 686.64K.
Renewable Energy Group Inc. (NASDAQ:REGI) 2020 Performance Impressive
The increase in REGI’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of REGI currently stands at $32.89, which is higher than the current trading price of the stock by 24.78%. However, REGI’s current trading price is -149.9% lower than the 52-week low price of $9.90. In terms of trading volume, Renewable Energy Group Inc. currently experienced healthy participation during the last trading session. 568489 shares of Renewable Energy Group Inc. were traded on the stock exchange on Wednesday, which is less than -20.78% of the 686.64K average trading volume of the stock.
The performance of the stock has been positive over the past year. REGI’s performance over the past one year has seen it surge by 55.89%, while the stock has gone down by -6.43% in the last six months. The quarterly performance of REGI currently stands at 8.99%, and it is down by -23.67% in the last month. The only negative figure was from the weekly performance, which currently reads -0.16%. At the time of writing REGI’s report, the company has a total market cap of $973.27M, making it one of the largest publicly-traded companies in the world.Renewable Energy Group Inc. also has over 731 employees all over the world.
REGI Insider Activities
The insider transactions over the past six months are up by 20.00%.For Renewable Energy Group Inc. insiders bought 231,457 shares in 27 transactions. In that same period, insiders sold 157,567 of their shares in 24 transactions. After these transactions, insiders at Renewable Energy Group Inc. now hold 1.23M shares, which is over 118.14% of the total company stocks. Institutional investors currently hold a large chunk of the REGI shares, as they control 3.15% of the company’s total stock.
REGI Fundamental Analysis
For Renewable Energy Group Inc., the stock’s diluted earnings per share (EPS) stands at 8.81. In the coming year, analysts expect the EPS to be 5.65. The stock’s EPS growth this year is 32.90%, with analysts expecting almost a 1 growth in the earnings per share next week. In terms of revenue, Renewable Energy Group Inc.’s quarterly sales (YOY) is growing at 0.07, which is lower than the average annual revenue of 35.10% over the past half a decade.
The Return on Investment (ROI) on Renewable Energy Group Inc.’s stock currently stands at 30.50%, and it has a net profit margin of 18.60%. The operating margin of the company is 19.70%, and its gross margin is 24.60%.
REGI Analysts Prediction
In December 23, 2019, several analysts reiterated their positions on the Renewable Energy Group Inc. stock and predicted its performance to their investors. The analysts at BWS Financial believe REGI is still a Buy and set the price target between $31 and $58. ROTH Capital reiterate their Neutral position on the stock ($35 and $22)
BWS Financial and ROTH Capital also believe that Renewable Energy Group Inc.’s stock is outperforming at the moment. REGI received a positive rating from Canaccord Genuity, which set a price target of $11-$16 for the stock.
At the moment, Renewable Energy Group Inc.’s Total Debt to Equity ratio stands at 0.20, and they have a long-term Debt to Equity ratio of 0.01.
REGI Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of REGI currently stands at -6.24%, while the SMA50 is -6.09%. The biggest one is the SMA200, which is currently reading 9.44% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 46.23, while its price to earnings ratio (P/E) is 2.81.