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A Real Picture of Azure Power Global Limited (AZRE) Stock: The Fundamentals

RBC Capital Mkts lowered the price target for the Azure Power Global Limited (NYSE:AZRE) stock from “an Outperform” to “a Sector perform”. The rating was released on September 02, 2022, according to finviz. We previously noted in another research note published on August 30, 2022 by Credit Suisse that downgraded the stock from an Outperform to an Underperform with a price target of $5 for AZRE stock. The research report from HSBC Securities has upgraded the stock from Hold to Buy, with a price target set at $27.50. The stock was initiated by RBC Capital Mkts, who disclosed in a research note on April 07, 2021, to Outperform and set the price objective to $42. In their research brief published September 28, 2020, HSBC Securities analysts downgraded the Azure Power Global Limited stock from Buy to Hold with a price target of $27.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of Azure Power Global Limited (NYSE:AZRE) raised 6.03% to close Friday’s market session at $2.11, higher as compared to yesterday’s close. The stock price fluctuated between $1.99 and $2.28 throughout the trading session with the volume trading being 730737 shares, which represented a significant variation when compared to the three months average volume of 283.33K shares. The firm’s stock price fluctuated -21.56% within the last five trades and -43.43% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -61.07% in the last 6 months and -56.22% was subtracted to its value over the previous 3 months. AZRE stock is trading at a margin of -31.08%, -42.84% and -69.89% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

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As of the close of trading, AZRE deals in the Utilities domain. The stock is trading -90.20 percent below its 52-week high and 12.23 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -84.45. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Azure Power Global Limited’s Profitability and Valuation Ratios Tell Us About the Stock?

The stock’s market cap achieved a total value of $138.37 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.65 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 0.00, which equates the market value of a stock with its book value.



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