Bloom Energy Corporation (NYSE:BE) saw a downside of -1.01% to close Monday at $15.72 after subtracting -$0.16 on the day. The 5-day average trading volume is 3,758,560 shares of the company’s common stock. It has gained $17.81 in the past week and touched a new high 1 time within the past 5 days. An average of 3,592,975 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,363,124.
BE’s 1-month performance is -5.81% or -$0.97 on its low of $15.15 reached on 08/07/23. The company’s shares have touched a 52-week low of $12.33 and high of $31.47, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, BE has lost -17.78% or -$3.40 and has reached a new high 12 times. However, the current price is down -50.05% from the 52-week high price.
Insider Transactions
BE stock investors last saw insider trading activity on Jul 18.Moore Sharelynn Faye () most recently sold 1,080 shares at $18.47 per share on Jul 18. This transaction cost the insider $19,948. EVP, Sales – Americas, Brooks Guillermo, sold 3,978 shares at a price of $18.28 on Jul 17. Then, on Jul 17, EVP, GC & Secretary SODERBERG SHAWN MARIE sold 1,958 shares at a price of $18.38 per share. This transaction amounted to $35,988.
Valuation Metrics
BE stock has a beta of 2.84. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.69 while the price-to-book (PB) in the most recent quarter is 10.69.
Bloom Energy Corporation’s quick ratio for the period ended June 29 was 1.60, with the current ratio over the same period at 2.10. As well, the company’s long term debt to equity for the quarter ending June 29 was 4.46, while the total debt to equity was 4.60. In terms of profitability, the gross margin trailing 12 months is 13.70%. The trailing 12-month EBITDA margin is -14.95% while for the period ending June 29, Bloom Energy Corporation’s operating margin was -17.20%. The firm’s gross profit as reported stood at $148.29 million against revenue of $1.2 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -79.84% to -$66.06 million, while revenue of -$71.57 million was -8.34% off the previous quarter. Analysts expected BE to announce -$0.15 per share in earnings in its latest quarter, but it posted -$0.17, representing a -13.30% surprise. EBITDA for the quarter stood at more than -$35.82 million. BE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.37 billion, with total debt at $1.57 billion. Shareholders hold equity totaling $209.42 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 07 August was 30.31% to suggest the stock is trending Neutral, with historical volatility in this time period at 41.06%.
The stock’s 5-day moving average is $16.52, reflecting a -11.98% or -$2.14 change from its current price. BE is currently trading -9.50% above its 20-day SMA, -21.99% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +13.91% and SMA200 by-8.39%.
Stochastic %K and %D was 12.24% and 16.75% and the average true range (ATR) pointed at 0.86. The RSI (14) points at 38.33%, while the 14-day stochastic is at 16.12% with the period’s ATR at 0.85. The stock’s 9-day MACD Oscillator is pointing at -0.94 and -1.16 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Bloom Energy Corporation (NYSE: BE), RBC Capital Mkts launched coverage with an Outperform rating. 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 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 10 have offered a “buy” rating.
What is BE’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $17.00 and a high of $35.00, with their median price target at $25.00. Looking at these predictions, the average price target given by analysts is for Bloom Energy Corporation (BE) stock is $25.67.
