FuelCell Energy Inc. (NASDAQ:FCEL) remained unchanged to close Tuesday at $1.91 after subtracting $0.0 on the day. The 5-day average trading volume is 15,175,279 shares of the company’s common stock. It has gained $2.1000 in the past week and touched a new high 1 time within the past 5 days. An average of 15,859,735 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 16,410,633.
FCEL’s 1-month performance is -12.39% or -$0.1700 on its low of $1.8200 reached on 08/08/23. The company’s shares have touched a 52-week low of $1.77 and high of $5.50, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, FCEL has lost -31.29% or -$0.8700 and has reached a new high 12 times. However, the current price is down -65.27% from the 52-week high price.
Valuation Metrics
FCEL stock has a beta of 3.64. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.03 while the price-to-book (PB) in the most recent quarter is 1.22.
FuelCell Energy Inc.’s quick ratio for the period ended April 29 was 5.80, with the current ratio over the same period at 7.20. As well, the company’s long term debt to equity for the quarter ending April 29 was 0.10, while the total debt to equity was 0.13.. In terms of profitability, the gross margin trailing 12 months is -11.30%. The trailing 12-month EBITDA margin is -92.48% while for the period ending April 29, FuelCell Energy Inc.’s operating margin was -81.80%. The firm’s gross profit as reported stood at -$29.57 million against revenue of $130.48 million.
Earnings Surprise
For the quarterly period ending April 29 this year, FuelCell Energy Inc.’s cash and short-term investments amounted to $76.4 million against total debt of $103.83 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 11.62% to -$35.1 million, while revenue of -$19.42 million was 44.67% off the previous quarter. Analysts expected FCEL to announce -$0.07 per share in earnings in its latest quarter, but it posted -$0.09, representing a -28.60% surprise. EBITDA for the quarter stood at more than -$29.23 million. FCEL stock balance sheet for the quarter ending April 29 shows that total liabilities totaled 212.42 million, with total debt at $103.83 million. Shareholders hold equity totaling $406.76 million.
Let’s look briefly at FuelCell Energy Inc. (FCEL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 29.80% to suggest the stock is trending oversold, with historical volatility in this time period at 42.37%.
The stock’s 5-day moving average is $1.9700, reflecting a -10.33% or -$0.2200 change from its current price. FCEL is currently trading -13.96% above its 20-day SMA, -37.17% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -6.83% and SMA200 by-34.81%.
Stochastic %K and %D was 11.13% and 11.76% and the average true range (ATR) pointed at 0.1224. The RSI (14) points at 36.15%, while the 14-day stochastic is at 16.67% with the period’s ATR at 0.1330. The stock’s 9-day MACD Oscillator is pointing at -0.1089 and -0.1740 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for FuelCell Energy Inc. (NASDAQ: FCEL), UBS launched coverage with a Neutral rating. Analysts offering their rating for FCEL stock have a consensus rating for the stock as Underweight. Currently, 2 brokerage advisors rate FCEL as a “sell,”, while 7 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is FCEL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.50 and a high of $3.00, with their median price target at $2.50. Looking at these predictions, the average price target given by analysts is for FuelCell Energy Inc. (FCEL) stock is $2.49.
