How to buy Azure Power Global stock | $22.24

Azure Power Global Limited is an utilities-renewable business based in the US. Azure Power Global shares (AZRE) are listed on the NYSE and all prices are listed in US Dollars. Azure Power Global employs 471 staff and has a trailing 12-month revenue of around 0.00.

Azure Power Global stock price (NYSE: AZRE)

Use our graph to track the performance of AZRE stocks over time.

Azure Power Global shares at a glance

• Key figures

Information last updated 2021-10-10.

Latest market close	$22.24
52-week range	$18.19 - $53.60
50-day moving average	$21.14
200-day moving average	$23.16
Wall St. target price	$36.75
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	$-0.98

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Is it a good time to buy Azure Power Global stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Azure Power Global price performance over time

Historical closes compared with the close of $22.24 from 2021-10-14

1 week (2021-10-08)	4.61%
1 month (2021-09-15)	3.25%
3 months (2021-07-15)	-7.83%
6 months (2021-04-15)	-15.05%

1 year (2020-10-15)	-19.16%
2 years (2019-10-15)	80.81%
3 years (2018-10-15)	85.18%
5 years (2016-10-14)	61.75%

Is Azure Power Global under- or over-valued?

Valuing Azure Power Global stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Azure Power Global's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Azure Power Global's EBITDA

Azure Power Global's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $11.7 billion.

The EBITDA is a measure of a Azure Power Global's overall financial performance and is widely used to measure a its profitability.

Azure Power Global financials

Revenue TTM	$15.7 billion
Operating margin TTM	53.43%
Gross profit TTM	$14 billion
Return on assets TTM	3.59%
Return on equity TTM	-13.5%
Profit margin	-22.58%
Book value	$512.82
Market capitalisation	$1 billion

TTM: trailing 12 months

Shorting Azure Power Global shares

There are currently 1.5 million Azure Power Global shares held short by investors – that's known as Azure Power Global's "short interest". This figure is 33.8% up from 1.1 million last month.

There are a few different ways that this level of interest in shorting Azure Power Global shares can be evaluated.

Azure Power Global's "short interest ratio" (SIR)

Azure Power Global's "short interest ratio" (SIR) is the quantity of Azure Power Global shares currently shorted divided by the average quantity of Azure Power Global shares traded daily (recently around 231116.43835616). Azure Power Global's SIR currently stands at 6.57. In other words for every 100,000 Azure Power Global shares traded daily on the market, roughly 6570 shares are currently held short.

However Azure Power Global's short interest can also be evaluated against the total number of Azure Power Global shares, or, against the total number of tradable Azure Power Global shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Azure Power Global's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Azure Power Global shares in existence, roughly 30 shares are currently held short) or 0.1054% of the tradable shares (for every 100,000 tradable Azure Power Global shares, roughly 105 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Azure Power Global.

Find out more about how you can short Azure Power Global stock.

Azure Power Global share dividends

We're not expecting Azure Power Global to pay a dividend over the next 12 months.

Azure Power Global share price volatility

Over the last 12 months, Azure Power Global's shares have ranged in value from as little as $18.19 up to $53.5999. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Azure Power Global's is 0.7148. This would suggest that Azure Power Global's shares are less volatile than average (for this exchange).

Azure Power Global overview

Azure Power Global Limited, together with its subsidiaries, engages in the development, construction, ownership, operation, maintenance, and management of renewable energy projects in India. It generates solar energy based on long-term contracts with Indian government energy distribution companies, as well as other non-governmental energy distribution companies and commercial customers. As of March 31, 2021, the company operated 45 utility scale projects with a combined rated capacity of 1,990 MWs. Azure Power Global Limited was founded in 2008 and is based in New Delhi, India. .

Frequently asked questions

What percentage of Azure Power Global is owned by insiders or institutions?
Currently 0.08% of Azure Power Global shares are held by insiders and 107.238% by institutions. How many people work for Azure Power Global?
Latest data suggests 471 work at Azure Power Global. When does the fiscal year end for Azure Power Global?
Azure Power Global's fiscal year ends in March. Where is Azure Power Global based?
Azure Power Global's address is: Southern Park, New Delhi, India, 110017 What is Azure Power Global's ISIN number?
Azure Power Global's international securities identification number is: MU0527S00004 What is Azure Power Global's CUSIP number?
Azure Power Global's Committee on Uniform Securities Identification Procedures number is: V0393H103