FuelCell Energy Inc. (FCEL) Reached A New High 2 times During The Past Five Days


As of Wednesday close, FuelCell Energy Inc.’s (NASDAQ:FCEL) stock was up $0.06, moving up 1.74 percent to $3.50. The average number of shares traded per day over the past five days has been 6,577,760 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.13 fall in that time frame. In the last twenty days, the average volume was 8,976,585, while in the previous 50 days, it was 10,045,074.

Since last month, FCEL stock rose 12.18%. Shares of the company fell to $2.87 on 10/24/22, the lowest level in the past month. A 52-week high of $9.60 was reached on 03/11/22 after having rallying from a 52-week low of $2.77. Since the beginning of this year, FCEL’s stock price has dropped by -32.69% or -$1.70, and marked a new high 9 times. However, the stock has declined by -63.56% since its 52-week high.

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Valuation Metrics

The stock’s beta is 3.62. Besides these, the trailing price-to-sales (P/S) ratio of 13.49, the price-to-book (PB) ratio of 1.97.

Financial Health

In the three months ended July 30, FuelCell Energy Inc.’s quick ratio stood at 6.20, while its current ratio was 7.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending July 30 was 0.11, and the total debt-to-equity ratio was 0.12. On the profitability front, the trailing twelve-month gross margin is -21.60% percent. Based on annual data, FCEL earned -$15.64 million in gross profit and brought in $69.58 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -10.50%. Return on equity (ROE) for the past 12 months was -19.40%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. FCEL’s revenue rose 37.77% to $16.38 million during the quarter, while net income inched up to $43.1 million. While analysts expected FuelCell Energy Inc. to report -$0.06 quarterly earnings, the actual figure was -$0.08 per share, beating the consensus estimate by -33.30%. During the quarter, the company generated -$22.73 million in EBITDA. The liabilities of FuelCell Energy Inc. were 247.64 million at the end of its most recent quarter ended July 30, and its total debt was $100.51 million. The value of shareholders’ equity is $405.56 million.

Technical Picture

This quick technical analysis looks at FuelCell Energy Inc.’s (FCEL) price momentum. With a historical volatility rate of 58.83%, the RSI 9-day stood at 54.63% on 23 November.

With respect to its five-day moving average, the current FuelCell Energy Inc. price is down by -3.58% percent or -$0.13. At present, FCEL shares trade +9.03% above its 20-day simple moving average and -8.85% percent below its 100-day simple moving average. However, the stock is currently trading approximately -19.54% below its SMA50 and -22.57% below its SMA200.

Stochastic coefficient K was 52.93% and Stochastic coefficient D was 55.94%, while ATR was 0.23. Given the Stochastic reading of 55.88% for the 14-day period, the RSI (14) reading has been calculated as 53.84%. As of today, the MACD Oscillator reading stands at -0.12, while the 14-day reading stands at 0.03.

Analyst Ratings

Jefferies launched its rating on FuelCell Energy Inc. (NASDAQ: FCEL) to a Hold in a note to investors on October 19, 2022. FuelCell Energy Inc. (FCEL) has been rated Hold by analysts. According to 2 brokerage firms, FCEL is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate FuelCell Energy Inc. stock as buy, with 0 recommending it as overweight.

With a median target price of $3.10, the current consensus forecast for the stock is $2.00 – $5.00. Based on these forecasts, analysts predict FuelCell Energy Inc. (FCEL) will achieve an average price target of $3.48.


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