Azure Power Global Ltd Shares Fall 3.9% Below Previous 52-Week Low - Market Mover
The shares fell 3.9% lower than its previous 52-week low of $15.95, with trading volume higher than its 30 day average
Jan 11, 2022 by Kwhen Finance Editors
Azure Power Global Ltd (AZRE) shares closed 3.9% lower than its previous 52 week low, giving the company a market cap of $797M. The stock is currently down 9.0% year-to-date, down 65.9% over the past 12 months, and down 1.4% over the past five years. This week, the Dow Jones Industrial Average fell 0.3%, and the S&P 500 fell 1.9%.
Trading Activity
- Trading volume this week was 18.2% lower than the 20-day average.
- Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0.
Technical Indicators
- The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
- MACD, a trend-following momentum indicator, indicates a downward trend.
- The stock closed above its Bollinger band, indicating it may be overbought.
Market Comparative Performance
- The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
- The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
- The company share price is the same as the performance of its peers in the Utilities industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
| Name | DoD %Δ | YTD %Δ | 1 Yr % | 52-Week H % | 52-Week L % |
|---|---|---|---|---|---|
| Azure Power Global Ltd | -7.1 | -9.0 | -65.9 | -68.6 | 2.0 |
| Dow Jones Industrial Average | -0.4 | -0.3 | 18.5 | -2.3 | 22.9 |
| S&P 500 Index | -0.1 | -1.9 | 23.9 | -3.6 | 27.3 |
| Utilities | -0.7 | -1.8 | 15.4 | -2.1 | 23.2 |
Peer Group Comparative Performance
- The company's stock price performance year-to-date lags the peer average by -3425.7%
- The company's stock price performance over the past 12 months lags the peer average by 3442.9%
| Name | MKT CAP (USD) | P/E | YTD %Δ | 1 Yr %Δ | 52-Week H % | 52-Week L % |
|---|---|---|---|---|---|---|
| Azure Power Global Ltd | AZRE | 0 | -9.0 | -65.9 | -68.6 | 2.0 |
| Peer Avg | N/A | 8.6 | 0.3 | -1.9 | -6.5 | 4.9 |
| Pinnacle West Capital Corp. | PNW | 14.0 | 0.3 | -4.9 | -17.8 | 14.8 |
| PNM Resources Inc | PNM | 20.4 | 0.8 | -2.5 | -8.0 | 4.9 |
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