Fuelcell Energy Inc (NASDAQ:FCEL) saw an upside of 4.24% to $1.23 after adding $0.05 on Monday. The 5-day average trading volume is 7,500,887 shares of the company’s common stock. It has gained $1.2900 in the past week and touched a new high 2 times within the past 5 days. An average of 10,697,071 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 12,011,606.
FCEL’s 1-month performance is -7.52% or -$0.1550 on its low of $1.1300 reached on 09/21/23. The company’s shares have touched a 52-week low of $1.13 and high of $4.36, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, FCEL has lost -55.76% or -$1.5550 and has reached a new high 12 times. However, the current price is down -71.79% from the 52-week high price.
Valuation Metrics
FCEL stock has a beta of 3.69. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.95 while the price-to-book (PB) in the most recent quarter is 0.78.
Fuelcell Energy Inc’s quick ratio for the period ended July 30 was 7.27, with the current ratio over the same period at 8.72. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.14, while the total debt to equity was 0.15. In terms of profitability, the gross margin trailing 12 months is -16.04%. The trailing 12-month EBITDA margin is -92.48% while for the period ending July 30, Fuelcell Energy Inc’s operating margin was -100.33%. 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 July 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -20.45% to -$25.08 million, while revenue of -$35.1 million was -39.95% off the previous quarter. Analysts expected FCEL to announce -$0.08 per share in earnings in its latest quarter, but it posted -$0.06, representing a 25.00% surprise. EBITDA for the quarter stood at more than -$34.77 million. FCEL stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 237.26 million, with total debt at $128.84 million. Shareholders hold equity totaling $450.63 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 22 September was 37.59% to suggest the stock is trending Neutral, with historical volatility in this time period at 54.21%.
The stock’s 5-day moving average is $1.1970, reflecting a +4.70% or $0.0550 change from its current price. FCEL is currently trading -11.23% above its 20-day SMA, -41.94% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -44.57% and SMA200 by-60.86%.
Stochastic %K and %D was 15.77% and 15.48% and the average true range (ATR) pointed at 0.0945. The RSI (14) points at 34.51%, while the 14-day stochastic is at 25.68% with the period’s ATR at 0.1009. The stock’s 9-day MACD Oscillator is pointing at -0.0289 and -0.0977 on the 14-day charts.
Analyst Ratings
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 $1.00 and a high of $2.75, with their median price target at $2.00. Looking at these predictions, the average price target given by analysts is for Fuelcell Energy Inc (FCEL) stock is $2.02.
