Azure Power Global Limited Sees Significant Decline in Short Interest
| AZREDelisted Stock | USD 0.34 1.24 78.48% |
About 61% of Azure Power's investor base is looking to short. The analysis of current outlook of investing in Azure Power Global suggests that many traders are alarmed regarding Azure Power's prospects. The current market sentiment, together with Azure Power's historical and current headlines, can help investors time the market. In addition, many technical investors use Azure Power Global stock news signals to limit their universe of possible portfolio assets.
Azure |
Azure Power Global Limited saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totalling 896,800 shares, a decrease of 8.3 percent from the April 15th total of 977,500 shares. Based on an average daily trading volume, of 293,000 shares, the short-interest
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Azure Power Fundamental Analysis
We analyze Azure Power's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Azure Power using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Azure Power based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Earnings Per Share
Earnings Per Share Comparative Analysis
Azure Power is currently under evaluation in earnings per share category among its peers. Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
Azure Power Global Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Azure Power stock to make a market-neutral strategy. Peer analysis of Azure Power could also be used in its relative valuation, which is a method of valuing Azure Power by comparing valuation metrics with similar companies.
Peers
Azure Power Related Equities
| ENLT | Enlight Renewable | 3.07 | ||||
| NRGV | Energy Vault | 0.54 | ||||
| AMPS | Altus Power | 0.26 | ||||
| AY | Atlantica Sustainable | 0.05 | ||||
| NEP | Nextera Energy | 0.84 | ||||
| RNW | Renew Energy | 0.98 | ||||
| BEPC | Brookfield Renewable | 1.29 | ||||
| ORA | Ormat Technologies | 1.92 | ||||
| CWEN-A | Clearway Energy | 1.99 | ||||
| CWEN | Clearway Energy | 2.13 | ||||
| BEP | Brookfield Renewable | 2.26 | ||||
| FLNC | Fluence Energy | 2.50 |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Other Consideration for investing in Azure Stock
If you are still planning to invest in Azure Power Global check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Azure Power's history and understand the potential risks before investing.
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