Azure Power Global Limited (NYSE:AZRE) shares fell to a low of $19.60 before closing at $20.52. Intraday shares traded counted 0.7 million, which was -97.13% lower than its 30-day average trading volume of 357.15K. AZRE’s previous close was $20.25 while the outstanding shares total 48.10M. The firm has a beta of 0.77. The stock’s Relative Strength Index (RSI) is 34.72, with weekly volatility at 6.33% and ATR at 1.34. The AZRE stock’s 52-week price range has touched low of $13.50 and a $53.60 high. The stock traded higher over the last trading session, gaining 1.33% on 05/19/21.
Investors have identified the Utilities – Renewable company Azure Power Global Limited as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $927.09 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Azure Power Global Limited (AZRE) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For AZRE, the company has in raw cash 185.0 million on their books with 81.4 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 274.2 million total, with 252.2 million as their total liabilities.
AZRE were able to record -136.9 million as free cash flow during the 08/13/2021 quarter of the year, this saw their quarterly net cash flow reduce by -23.1 million. In cash movements, the company had a total of 39.3 million as operating cash flow.
Potential earnings growth for Azure Power Global Limited (AZRE)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/13/2021 quarter of the year, Azure Power Global Limited recorded a total of 48.2 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 11.52% coming in sequential stages and their sales for the 08/13/2021 quarter increasing by 1.24%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 37.8 million trying to sell their products during the last quarter, with the result yielding a gross income of 10.4 million. This allows shareholders to hold on to 48.10M with the recently reported earning now reading -0.31 cents per share. This is a figure that compared to analyst’s prediction for their 08/13/2021 (-0.31 cents a share).
Having a look at the company’s valuation, the company is expected to record -0.03 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on AZRE sounds very interesting.
Is the stock of AZRE attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 6.23%.