Bloom Energy Corporation (NYSE:BE) went up by 3.91% from its latest closing price compared to the recent 1-year high of $31.47. The company’s stock price has collected 4.99% of gains in the last five trading sessions. Barron’s reported on 08/12/22 that 6 Stocks to Play the Push for Renewable Energy
Is It Worth Investing in Bloom Energy Corporation (NYSE :BE) Right Now?
Plus, the 36-month beta value for BE is at 2.87. Opinions of the stock are interesting as 12 analysts out of 22 who provided ratings for Bloom Energy Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 10 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $28.63, which is $6.32 above the current price. BE currently public float of 162.93M and currently shorts hold a 9.70% ratio of that float. Today, the average trading volume of BE was 2.73M shares.
BE’s Market Performance
BE stocks went up by 4.99% for the week, with a monthly jump of 24.15% and a quarterly performance of -18.46%, while its annual performance rate touched -21.80%. The volatility ratio for the week stands at 5.62% while the volatility levels for the past 30 days are set at 6.33% for Bloom Energy Corporation. The simple moving average for the period of the last 20 days is 12.61% for BE stocks with a simple moving average of 9.77% for the last 200 days.
Analysts’ Opinion of BE
Many brokerage firms have already submitted their reports for BE stocks, with Jefferies repeating the rating for BE by listing it as a “Buy.” The predicted price for BE in the upcoming period, according to Jefferies is $29 based on the research report published on October 19th of the current year 2022.
BofA Securities, on the other hand, stated in their research note that they expect to see BE reach a price target of $34. The rating they have provided for BE stocks is “Buy” according to the report published on August 25th, 2022.
Northland Capital gave a rating of “Outperform” to BE, setting the target price at $28 in the report published on July 08th of the current year.
BE Trading at 11.72% 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 -29.11% of loss for the given period.
Volatility was left at 6.33%, however, over the last 30 days, the volatility rate increased by 5.62%, as shares surge +20.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.38% lower at present.
During the last 5 trading sessions, BE rose by +4.99%, which changed the moving average for the period of 200-days by +50.24% in comparison to the 20-day moving average, which settled at $20.01. In addition, Bloom Energy Corporation saw 1.73% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at BE starting from SODERBERG SHAWN MARIE, who sale 2,772 shares at the price of $21.53 back on Nov 16. After this action, SODERBERG SHAWN MARIE now owns 351,377 shares of Bloom Energy Corporation, valued at $59,681 using the latest closing price.
Griffiths Glen, the EVP, Services of Bloom Energy Corporation, sale 683 shares at $21.58 during a trade that took place back on Nov 16, which means that Griffiths Glen is holding 348,518 shares at $14,739 based on the most recent closing price.
Stock Fundamentals for BE
Current profitability levels for the company are sitting at:
- -12.04 for the present operating margin
- +20.06 for the gross margin
The net margin for Bloom Energy Corporation stands at -16.92. Equity return is now at value 826.40, with -16.80 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.28.