Is Bloom Energy Corporation (BE) a good SWING-TRADE Candidate?


Bloom Energy Corporation (NYSE:BE) went up by 5.04% from its latest closing price when compared to the 1-year high value of $19.67 and move down -19.57%, while BE stocks collected 0.92% of gains with the last five trading sessions. Barron's reported on 08/19/20 that Former GE CEO Jeff Immelt Buys Up Bloom Energy Stock

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Bloom Energy Corporation (NYSE:BE) Worth an Investment?

Bloom Energy Corporation (NYSE:BE) 3 of the analysts out of 8 who provided ratings for Bloom Energy Corporation stocks as a “buy” while 0 as overweight, 4 rated it as hold and 0 as sell. The average price we get from analysts is $17.50 which is -$0.74 below current price. BE currently has a short float of 22.25% and public float of 97.08M with average trading volume of 5.01M shares.

BE Market Performance

BE stocks went up by 0.92% for the week, with the monthly jump of 20.42% and a quarterly performance of 111.71%, while its annual performance rate touched 269.66%. The simple moving average for the period of the last 20 days is 9.64% for BE stocks with the simple moving average of 77.95% for the last 200 days.

Analysts’ Opinion on Bloom Energy Corporation (NYSE:BE)

Many brokerage firms have already submitted their reports for BE stocks, with Raymond James repeating the rating for BE shares by setting it to “Mkt Perform”. The predicted price for BE socks in the upcoming period according to Raymond James is $40 based on the research report published on February 20, 2020.

KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see BE stock at the price of $40. The rating they have provided for BE stocks is “Sector Weight” according to the report published on February 13, 2020.

KeyBanc Capital Markets gave “Overweight” rating to BE stocks, setting the target price at $5 in the report published on October 14, 2019.

BE Stocks 18.86% Far from 50 Day Moving Average

After a stumble in the market that brought BE to its low price for the period of the last 52 weeks, Bloom Energy Corporation was unable to take a rebound, for now settling with -16.37% of loss for the given period.

The stock volatility was left at 8.67%, however, within the period of a single month, the volatility rate increased by 7.10%, while the shares surge at the distance of +16.50% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by +81.37% upper at the present time.

In the course of the last 5 trading sessions, BE went up by +0.92%, which changed the moving average for the period of 200 days to the total of +178.81% of gains for the stock in comparison to the 20-day moving average settled at $15.12. In addition, Bloom Energy Corporation saw 120.21% in overturn over the period of a single year with a tendency to cut further gains.

BE Stock Insider Trading

Reports are indicating that there were more than several insider trading activities at Bloom Energy Corporation (BE), starting from PILLAI HARI, who sold 2,083 shares at the price of $16.16 back on Aug 27. After this action, Rushing now owns 54,710 shares of Bloom Energy Corporation, valued at $33,661 with the latest closing price.

Sridhar KR, the President & CEO of Bloom Energy Corporation, sold 488,247 shares at the value of $16.02 during a trade that took place back on Aug 25, which means that Sridhar KR is holding 442,095 shares at the value of $7,822,840 based on the most recent closing price.

BE Stock Fundamentals

The current profitability levels are settled at -30.00 for the present operating margin and +12.08 for gross margin. The net margin for Bloom Energy Corporation stands at -38.77. Total capital return value is set at -26.80, while invested capital returns managed to touch -55.07. Equity return holds the value 109.70%, with -21.90% for asset returns.

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The value for Enterprise to Sales is 2.31 with debt to enterprise value settled at 0.60. The receivables turnover for Bloom Energy Corporation is 11.10 with the total asset turnover at the value of 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.72.

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