Is a Correction Looming Ahead for Bloom Energy Corporation (BE)

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Bloom Energy Corporation (NYSE:BE) went down by -5.70% from its latest closing price compared to the recent 1-year high of $44.95. The company’s stock price has collected 1.20% of gains in the last five trading sessions. Press Release reported on 02/19/21 that Bloom Energy Announces Upcoming Events for Financial Community

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Is It Worth Investing in Bloom Energy Corporation (NYSE :BE) Right Now?

Opinions of the stock are interesting as 0 analysts out of 10 who provided ratings for Bloom Energy Corporation declared the stock was a “buy,” while 1 rated the stock as “overweight,” 8 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $36.06, which is $3.3 above the current price. BE currently public float of 136.87M and currently shorts hold a 9.54% ratio of that float. Today, the average trading volume of BE was 5.17M shares.

BE’s Market Performance

BE stocks went up by 1.20% for the week, with a monthly drop of -17.96% and a quarterly performance of 11.74%, while its annual performance rate touched 222.89%. The volatility ratio for the week stands at 9.01% while the volatility levels for the past 30 days are set at 8.84% for Bloom Energy Corporation. The simple moving average for the period of the last 20 days is -19.46% for BE stocks with a simple moving average of 43.19% for the last 200 days.

Analysts’ Opinion of BE

Many brokerage firms have already submitted their reports for BE stocks, with Bernstein repeating the rating for BE by listing it as a “Mkt Perform.” The predicted price for BE in the upcoming period, according to Bernstein is $41 based on the research report published on February 03rd of the current year 2021.

Credit Suisse, on the other hand, stated in their research note that they expect to see BE reach a price target of $32, previously predicting the price at $27. The rating they have provided for BE stocks is “Neutral” according to the report published on January 20th, 2021.

Morgan Stanley gave a rating of “Equal-Weight” to BE, setting the target price at $34 in the report published on January 12th of the current year.

BE Trading at -16.13% from the 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, the company was unable to rebound, for now settling with -36.28% of loss for the given period.

Volatility was left at 8.84%, however, over the last 30 days, the volatility rate increased by 9.01%, as shares sank -23.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.66% upper at present.

During the last 5 trading sessions, BE rose by +1.20%, which changed the moving average for the period of 200-days by +256.66% in comparison to the 20-day moving average, which settled at $35.13. In addition, Bloom Energy Corporation saw -0.07% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at BE starting from White Christopher, who sale 1,125 shares at the price of $35.42 back on Feb 17. After this action, White Christopher now owns 247,343 shares of Bloom Energy Corporation, valued at $39,848 using the latest closing price.

White Christopher, the EVP Global Sales of Bloom Energy Corporation, sale 4,005 shares at $39.36 during a trade that took place back on Feb 16, which means that White Christopher is holding 248,468 shares at $157,656 based on the most recent closing price.

Stock Fundamentals for BE

Current profitability levels for the company are sitting at:

  • -10.17 for the present operating margin
  • +20.87 for the gross margin

The net margin for Bloom Energy Corporation stands at -19.84. The total capital return value is set at -8.16, while invested capital returns managed to touch -23.58. Equity return is now at value 102.40, with -17.70 for asset returns.

Based on Bloom Energy Corporation (BE), the company’s capital structure generated 1,158.75 points at debt to equity in total, while total debt to capital is 92.06. Total debt to assets is 62.80, with long-term debt to equity ratio resting at 979.25. Finally, the long-term debt to capital ratio is 77.80.

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When we switch over and look at the enterprise to sales, we see a ratio of 5.86, with the company’s debt to enterprise value settled at 0.20. The receivables turnover for the company is 10.25 and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.32.

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