FuelCell Energy Inc. (NASDAQ:FCEL) finished Thursday with a subtraction of -$0.09 to close at $1.33, a downside of -6.34 percent. An average of 9,863,580 shares of common stock have been traded in the last five days. There was a fall of -$0.3000 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 11,982,895 shares traded, while the 50-day average volume stands at 14,824,580.
FCEL stock has decreased by -38.43% in the last month. The company shares reached their 1-month lowest point of $1.3200 on 08/24/23. With the stock rallying to its 52-week high on 02/03/23, shares of the company touched a low of $1.40 and a high of $4.73 in 52 weeks. It has reached a new high 12 times so far this year and lost -52.16% or -$1.4500 in price. In spite of this, the price is down -71.88% from the 52-week high.
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Valuation Metrics
FuelCell Energy Inc. (FCEL) stock’s beta is 3.69. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.47, the price-to-book (PB) ratio at 0.85.
Financial Health
The quick ratio of FuelCell Energy Inc. for the three months ended April 29 was 5.80, and the current ratio was 7.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.10 and a total debt to equity ratio of 0.13 for the quarter ending April 29. FuelCell Energy Inc.’s EBITDA margin for the year ending April 29 is -92.48%, while its operating margin for the same period stands at -81.80%. Its gross profit as reported stood at -$29.57 million compared to revenue of $130.48 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, FuelCell Energy Inc.’s return on assets was -14.10%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$35.1 million in the quarter, while revenues of -$19.42 million were grew 11.62%. The analyst consensus anticipated FuelCell Energy Inc.’s latest quarter earnings to come in at -$0.07 per share, but it turned out to be -$0.09, a -28.60% surprise. For the quarter, EBITDA amounted to -$29.23 million. Shareholders own equity worth $406.76 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at FuelCell Energy Inc. (FCEL) price momentum. RSI 9-day as of the close on 24 August was 8.24%, suggesting the stock is oversold, with historical volatility in this time frame at 24.15%.
As of today, FCEL’s price is $1.4670 -18.40% or -$0.3000 from its 5-day moving average. FCEL is currently trading -36.36% lower than its 20-day SMA and -53.33% lower than its 100-day SMA. However, the stock’s current price level is -52.33% below the SMA50 and -57.23% below the SMA200.
The stochastic %K and %D were 2.71% and 4.36%, respectively, and the average true range (ATR) was 0.1104. With the 14-day stochastic at 1.49% and the average true range at 0.1165, the RSI (14) stands at 17.28%. The stock has reached -0.1967 on the 9-day MACD Oscillator while the 14-day reading was at -0.3068.
Analyst Ratings
UBS launched coverage on FuelCell Energy Inc. (NASDAQ: FCEL) in its analyst report released on December 14, 2022. The firm assigned the stock a Neutral rating. The consensus rating for FuelCell Energy Inc. (FCEL) among analysts is Underweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell FCEL, while 7 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is FCEL’s price target for the next 12 months?
Analysts predict a range of price targets between $1.50 and $3.00, with a median target of $2.50. Taking a look at these predictions, the average price target given by analysts for FuelCell Energy Inc. (FCEL) stock is $2.49.
