Bloom Energy Corp (NYSE:BE) finished Friday with an addition of $0.03 to close at $13.26, an upside of 0.23 percent. An average of 2,906,720 shares of common stock have been traded in the last five days. There was a fall of -$0.31 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 2,793,710 shares traded, while the 50-day average volume stands at 2,925,468.
BE stock has decreased by -12.48% in the last month. The company shares reached their 1-month lowest point of $13.07 on 09/28/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $12.33 and a high of $26.55 in 52 weeks. It has reached a new high 12 times so far this year and lost -30.65% or -$5.86 in price. In spite of this, the price is down -50.05% from the 52-week high.
Insider Transactions
BE stock investors should be aware that Bloom Energy Corp (BE) stock had its last reported insider trading activity 44 days ago on Aug 17. In this transaction, the insider spent $45,008., Moore Sharelynn Faye, disposed of 5,974 shares at a price of $14.97 on Aug 16. The insider now owns more than $89,431 worth of shares. Prior to that, EVP, GC & Secretary SODERBERG SHAWN MARIE went on to Sale 1,491 shares at $14.96 each on Aug 15. An amount of $22,305 was transacted.
Valuation Metrics
Bloom Energy Corp (BE) stock’s beta is 2.85. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.24, the price-to-book (PB) ratio at 9.01.
Financial Health
The quick ratio of Bloom Energy Corp for the recent quarter was 1.50, and the current ratio was 2.07, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 4.90 and a total debt to equity ratio of 6.10 for the recent quarter. Its gross profit as reported stood at $148.29 million compared to revenue of $1.2 billion.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$66.06 million in the quarter, while revenues of -$71.57 million were shrunk -79.84%. Shareholders own equity worth $209.42 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Bloom Energy Corp (BE) price momentum. RSI 9-day as of the close on 29 September was 29.61%, suggesting the stock is oversold, with historical volatility in this time frame at 27.97%.
As of today, BE’s price is $13.40 -2.28% or -$0.31 from its 5-day moving average. BE is currently trading -11.54% lower than its 20-day SMA and -21.77% lower than its 100-day SMA. However, the stock’s current price level is -23.75% below the SMA50 and -39.20% below the SMA200.
The stochastic %K and %D were 6.44% and 5.31%, respectively, and the average true range (ATR) was 0.56. With the 14-day stochastic at 7.31% and the average true range at 0.58, the RSI (14) stands at 33.52%. The stock has reached -0.41 on the 9-day MACD Oscillator while the 14-day reading was at -0.91.
Analyst Ratings
HSBC Securities launched coverage on Bloom Energy Corp (NYSE: BE) in its analyst report released on September 25, 2023. The firm assigned the stock a Buy rating. The consensus rating for Bloom Energy Corp (BE) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BE, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 11 others rate it as a “buy”.
