Bloom Energy Corporation (NYSE:BE) finished Wednesday with an addition of $1.27 to close at $22.08, an upside of 6.10 percent. An average of 3,064,900 shares of common stock have been traded in the last five days. There was a gain of $3.38 in the past week. The last 20 days have seen an average of 2,762,450 shares traded, while the 50-day average volume stands at 2,325,066.
BE stock has increased by 12.42% in the last month. The company shares reached their 1-month lowest point of $16.82 on 10/04/21. With the stock rallying to its 52-week high on 02/08/21, shares of the company touched a low of $12.37 and a high of $44.95 in 52 weeks. In spite of this, the price is down -50.88% from the 52-week high.
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28 days have passed since Bloom Energy Corporation (BE) last reported insider trading activity. Griffiths Glen, who is EVP, Services, most recently acquired $2,961 shares at $18.91 per share on Sep 16. In this transaction, the insider spent $55,993. EVP, GC & Secretary, SODERBERG SHAWN MARIE, disposed of 3,263 shares at a price of $18.88 on Sep 16. The insider now owns more than $61,609 worth of shares. Prior to that, Chairman & CEO Sridhar KR went on to Sale 11,186 shares at $18.88 each on Sep 16. An amount of $211,172 was transacted.
Bloom Energy Corporation (BE) has a trailing price-to-earnings (P/E) ratio of 20.30 for the broader industry and 28.57 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.40.
The quick ratio of Bloom Energy Corporation for the three months ended June 29 was 1.00, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. On the profitability front, the trailing 12-month gross margin is 24.30% against a 5-year average of -0.8%. Bloom Energy Corporation’s EBITDA margin for the year ending June 29 is -3.47%, while its operating margin for the same period stands at -7.00%. Its gross profit as reported stood at $165.79 million compared to revenue of $794.25 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Bloom Energy Corporation’s return on assets was -8.10%, compared to -19.8% over the last five years.
The analyst consensus anticipated Bloom Energy Corporation’s latest quarter earnings to come in at -$0.06 per share, but it turned out to be -$0.23, a -283.30% surprise. For the quarter, EBITDA amounted to -$28.42 million. Shareholders own equity worth $173.59 million.
From a technical analysis perspective, let’s take a brief look at Bloom Energy Corporation (BE) price momentum. RSI 9-day as of the close on 13 October was 71.90%, suggesting the stock is Overbought, with historical volatility in this time frame at 73.66%.
As of today, BE’s price is $20.21 +18.07% or $3.38 from its 5-day moving average. BE is currently trading +14.23% higher than its 20-day SMA and -0.94% lower than its 100-day SMA. However, the stock’s current price level is +3.03% above the SMA50 and -21.67% below the SMA200.
The stochastic %K and %D were 90.08% and 80.38%, respectively, and the average true range (ATR) was 1.12. With the 14-day stochastic at 96.34% and the average true range at 1.09, the RSI (14) stands at 63.90%. The stock has reached 1.63 on the 9-day MACD Oscillator while the 14-day reading was at 1.73.
Raymond James upgraded Bloom Energy Corporation (NYSE: BE) to a a Strong buy rating in its most recent analyst report. Previously, the stock was rated as a an Outperform.The consensus rating for Bloom Energy Corporation (BE) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BE, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.
What is BE’s price target for the next 12 months?
Analysts predict a range of price targets between $21.00 and $43.00, with a median target of $25.00. Taking a look at these predictions, the average price target given by analysts for Bloom Energy Corporation (BE) stock is $29.43.