As of Wednesday close, FuelCell Energy Inc.’s (NASDAQ:FCEL) stock traded at $1.21. The average number of shares traded per day over the past five days has been 10,578,001 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0700 fall in that time frame. In the last twenty days, the average volume was 11,165,811, while in the previous 50 days, it was 12,854,956.
Since last month, FCEL stock retreated -21.43%. Shares of the company fell to $1.1300 on 09/19/23, the lowest level in the past month. A 52-week high of $4.36 was reached on 02/03/23 after having rallying from a 52-week low of $1.13. Since the beginning of this year, FCEL’s stock price has dropped by -56.47% or -$1.5700, and marked a new high 12 times. However, the stock has declined by -72.25% since its 52-week high.
Valuation Metrics
The stock’s beta is 3.69. Besides these, the trailing price-to-sales (P/S) ratio of 4.02, the price-to-book (PB) ratio of 0.72.
Financial Health
In the three months ended July 30, FuelCell Energy Inc.’s quick ratio stood at 7.30, while its current ratio was 8.70, 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 0.14, and the total debt-to-equity ratio was 0.15. On the profitability front, the trailing twelve-month gross margin is -15.60% percent. In the year ended July 30, EBITDA margin amounted to -92.48%, whereas operating margins totaled -90.70%. Based on annual data, FCEL earned -$29.57 million in gross profit and brought in $130.48 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 -18.90%. Return on equity (ROE) for the past 12 months was -18.30%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. FCEL’s revenue fell -68.95% to $38.35 million during the quarter, while net income inched up to $25.51 million. While analysts expected FuelCell Energy Inc. to report -$0.08 quarterly earnings, the actual figure was -$0.06 per share, beating the consensus estimate by 25.00%. During the quarter, the company generated -$34.77 million in EBITDA. The liabilities of FuelCell Energy Inc. were 237.26 million at the end of its most recent quarter ended July 30, and its total debt was $128.84 million. The value of shareholders’ equity is $450.63 million.
Technical Picture
This quick technical analysis looks at FuelCell Energy Inc.’s (FCEL) price momentum. With a historical volatility rate of 39.88%, the RSI 9-day stood at 28.31% on 20 September.
With respect to its five-day moving average, the current FuelCell Energy Inc. price is down by -5.47% percent or -$0.0700. At present, FCEL shares trade -15.68% below its 20-day simple moving average and -35.98% percent below its 100-day simple moving average. However, the stock is currently trading approximately -45.50% below its SMA50 and -65.72% below its SMA200.
Stochastic coefficient K was 14.41% and Stochastic coefficient D was 9.85%, while ATR was 0.1019. Given the Stochastic reading of 21.62% for the 14-day period, the RSI (14) reading has been calculated as 29.34%. As of today, the MACD Oscillator reading stands at -0.0889, while the 14-day reading stands at -0.1426.
Analyst Ratings
FuelCell Energy Inc. (FCEL) has been rated Underweight by analysts. According to 2 brokerage firms, FCEL is a sell, and 7 firms recommend it is a Hold. There are 1 analyst 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 $2.00, the current consensus forecast for the stock is $1.00 – $2.75. Based on these forecasts, analysts predict FuelCell Energy Inc. (FCEL) will achieve an average price target of $2.02.
