Will Azure Power Global Ltd. (NYSE:AZRE) Recover?

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Azure Power Global Ltd. (NYSE:AZRE) said its revenue at the close of the latest quarter were 14.08M%, up 1%% from the same period a year earlier.

Since Azure Power Global Ltd. incurred expenses of $4.95M to generate the revenue. Its gross income in the quarter was $9.13M. After discounting other operating expenses like salaries from the gross income, it closed up with EPS of $(0.34).

Let’s analyze the technical of the stock

The Barchart Technical Opinion rating is a 80% Sell with a Strengthening short term outlook on maintaining the current direction. Longer term, the trend strength is Strong. Long term indicators fully support a continuation of the trend.

The reported EPS from dividing the net income by the number of outstanding shares. Shareholders should bear in mind that Azure Power Global Ltd. closed the quarter with diluted due shares of 22.8M.

For the imminent quarter, though, the market analysts are expecting EPS of $0.11 from Azure Power Global Ltd..

Azure Power Global Ltd. finished the recent quarter with a cash balance of 102.12M%. It recorded net cash flow of $480,567 from operations.

With that, the firm closed the quarter with total assets of $738.18M. It reported total debt of 25.02M%, with the debt having jumped/decreased by falling from the previous quarter. Azure Power Global Ltd. booked total liabilities of $518.9M in the previous quarter.

Analysts who have analyzed Azure Power Global Ltd. so far have a recommendation of Buy on its equity. What does that indicate? A recommendation in between 1.00 – 1.24 implies that a stock is a BUY. A call in the band of 1.75 – 2.24 implies a stock is a HOLD, and a call figure in between 2.75 – 3.00 shows a stock is a SELL. So that explains you the perception of Azure Power Global Ltd. on Wall Street.

However, outside HOLD, SELL and BUY other available analyst calls are OVERWEIGHT and UNDERWEIGHT, shown by figures in the range of 1.25 – 1.74 and 2.25 – 2.74, correspondingly.

Analysts on the average are anticipating that shares of Azure Power Global Ltd. will be trading at $21.00 in the next 12 months.

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