On Friday, shares of Renewable Energy Group, Inc. (NASDAQ:REGI) marked $58.84 per share versus a previous $61.86 closing price. With having a -4.88% loss, an insight into the fundamental values of Renewable Energy Group, Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. REGI showed a rise of 118.33% within its YTD performance, with highs and lows between $15.20 – $65.65 during the period of 52 weeks, compared to the simple moving average of 89.53% in the period of the last 200 days.
Wolfe Research equity researchers changed the status of Renewable Energy Group, Inc. (NASDAQ: REGI) shares to a “Outperform” rating in the report published on October 21st, 2020. Other analysts, including Truist, also published their reports on REGI shares. Truist repeated the rating from the previous report, marking REGI under “Buy” rating, in the report published on September 1st, 2020. Additionally, REGI shares got another “Outperform” rating from Credit Suisse, setting a target price of $51 on the company’s shares, according to the report published in September 1st, 2020. On August 10th, 2020, H.C. Wainwright Reiterated an Buy rating and increased its price target from $35 to $70. On the other hand, BWS Financial Reiterated the “Buy” rating for REGI shares, as published in the report on December 23rd, 2019. H.C. Wainwright seems to be going bullish on the price of REGI shares, based on the price prediction for REGI. Another “Buy” rating came from ROTH Capital, providing a prediction for price target according to the report published in June 24th, 2019.
[bold-text]Renewable Energy Group, Inc. (REGI) Analysis[/bold-text]
The present dividend yield for REGI owners is set at 0, marking the return investors will get regardless of the company’s performance in the upcoming period. However, in order for the company to be able to pay its dividends, just like it is the case with Renewable Energy Group, Inc., the company needs to provide a healthy cash flow, currently at the value of 5.45. In addition, the growth of sales from quarter to quarter is recording -2.60%, hinting the company’s progress in the upcoming progress.
In order to gain a clear insight on the performance of Renewable Energy Group, Inc. (REGI) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of 53.60% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 2.30 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.
Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while REGI is currently recording an average of 954.28K in volumes. The volatility of the stock on monthly basis is set at 6.88%, while the weekly volatility levels are marked at 6.82%with 5.32% of gain in the last seven days. Additionally, long-term investors are predicting the target price of $71.29, indicating growth from the present price of $58.84, which can represent yet another valuable research and analysis points that can help you decide whether to invest in REGI or pass.
[bold-text]What to Look for When Analyzing Renewable Energy Group, Inc. Shares?[/bold-text]
Renewable Energy Group, Inc. (REGI) is based in the USA and it represents one of the well-known company operating with Energy sector. If you wish to compare REGI shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of 5.67 for Renewable Energy Group, Inc., while the value 10.55 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value 10.38 is supported by the yearly EPS growth of 32.90%.
Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 3.00%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.
[bold-text]Are Institutional Investors Increasing Stakes in REGI Shares?[/bold-text]
It appears that more than several institutional investors and hedge funds decided to increase stakes in REGI in the recent period. That is how BlackRock Fund Advisors now has an increase position in REGI by 0.19% in the first quarter, owning 6.11 million shares of REGI stocks, with the value of $326.5 million after the purchase of an additional 11,557 shares during the last quarter. In the meanwhile, Dimensional Fund Advisors LP also increased their stake in REGI shares changed 12.33% in the first quarter, which means that the company now owns 3.06 million shares of company, all valued at $163.66 million after the acquisition of additional 336,287 shares during the last quarter.
BlackRock Advisors acquired a new position in Renewable Energy Group, Inc. during the first quarter, with the value of $47.31 million, and Invesco Advisers, Inc. increased their stake in the company’s shares by 7.88% in the first quarter, now owning 58,711 shares valued at $42.92 million after the acquisition of the additional 803502 shares during the last quarter.