Bloom Energy Corporation (NYSE:BE) saw an upside of 1.89% to $25.84 after adding $0.48 on Tuesday. The 5-day average trading volume is 2,346,630 shares of the company’s common stock. It has gained $26.00 in the past week and touched a new high 3 times within the past 5 days. An average of 2,311,988 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,260,973.
BE’s 1-month performance is 23.41% or $7.43 on its low of $17.28 reached on 12/28/22. The company’s shares have touched a 52-week low of $11.47 and high of $31.47, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, BE has achieved 32.64% or $6.84 and has reached a new high 10 times. However, the current price is down -17.89% from the 52-week high price.
BE stock investors last saw insider trading activity on Jan 17.Moore Sharelynn Faye (EVP, Chief Marketing Officer) most recently sold 26,833 shares at $23.21 per share on Jan 17. This transaction cost the insider $622,794. EVP, Sales – Americas, Brooks Guillermo, sold 5,888 shares at a price of $23.48 on Jan 17. Then, on Jan 17, EVP, GC & Secretary SODERBERG SHAWN MARIE sold 26,837 shares at a price of $23.21 per share. This transaction amounted to $622,887.
BE stock has a beta of 2.85. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.33 while the price-to-book (PB) in the most recent quarter is 27.27.
Bloom Energy Corporation’s quick ratio for the period ended September 29 was 1.80, with the current ratio over the same period at 2.50. As well, the company’s long term debt to equity for the quarter ending September 29 was 5.21, while the total debt to equity was 5.48. In terms of profitability, the gross margin trailing 12 months is 13.50%. The firm’s gross profit as reported stood at $197.58 million against revenue of $972.18 million.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 8.25% to -$57.08 million, while revenue of -$118.8 million was -108.13% off the previous quarter. Analysts expected BE to announce -$0.06 per share in earnings in its latest quarter, but it posted -$0.2, representing a -233.30% surprise. EBITDA for the quarter stood at more than -$36.4 million. BE stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 1.7 billion, with total debt at $1.08 billion. Shareholders hold equity totaling $195.18 million.
Let’s look briefly at Bloom Energy Corporation (BE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 74.36% to suggest the stock is trending Overbought, with historical volatility in this time period at 51.63%.
The stock’s 5-day moving average is $24.37, reflecting a +8.53% or $2.04 change from its current price. BE is currently trading +32.99% above its 20-day SMA, +2.20% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +42.17% and SMA200 by+8.48%.
Stochastic %K and %D was 94.25% and 86.79% and the average true range (ATR) pointed at 1.33. The RSI (14) points at 69.29%, while the 14-day stochastic is at 99.48% with the period’s ATR at 1.30. The stock’s 9-day MACD Oscillator is pointing at 1.16 and 2.56 on the 14-day charts.
In the most recent analyst report for Bloom Energy Corporation (NYSE: BE), Morgan Stanley upgraded it to an Overweight rating. They previously had an Equal-weight rating on the stock. Analysts offering their rating for BE stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate BE as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 14 have offered a “buy” rating.