Bloom Energy Corp (NYSE: BE)’s stock price has plunge by 2.41relation to previous closing price of 11.69. Nevertheless, the company has seen a 2.06% surge in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-08 that Bloom announced a big collaboration with Shell plc. The stock had traded off after its February earnings report, leading to a bounce.
Is It Worth Investing in Bloom Energy Corp (NYSE: BE) Right Now?
Additionally, the 36-month beta value for BE is 2.79. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 5 rating it as “hold,” and 1 rating it as “sell.”
The public float for BE is 196.78M and currently, short sellers hold a 19.10% ratio of that float. The average trading volume of BE on April 08, 2024 was 5.72M shares.
BE’s Market Performance
BE’s stock has seen a 2.06% increase for the week, with a 14.67% rise in the past month and a -13.06% fall in the past quarter. The volatility ratio for the week is 5.53%, and the volatility levels for the past 30 days are at 6.03% for Bloom Energy Corp The simple moving average for the past 20 days is 14.17% for BE’s stock, with a -9.08% simple moving average for the past 200 days.
Analysts’ Opinion of BE
Many brokerage firms have already submitted their reports for BE stocks, with Evercore ISI repeating the rating for BE by listing it as a “Outperform.” The predicted price for BE in the upcoming period, according to Evercore ISI is $21 based on the research report published on April 01, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see BE reach a price target of $11, previously predicting the price at $9. The rating they have provided for BE stocks is “Hold” according to the report published on March 06th, 2024.
BE Trading at 14.08% 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 -38.61% of loss for the given period.
Volatility was left at 6.03%, however, over the last 30 days, the volatility rate increased by 5.53%, as shares surge +15.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.21% lower at present.
During the last 5 trading sessions, BE rose by +1.83%, which changed the moving average for the period of 200-days by -27.61% in comparison to the 20-day moving average, which settled at $10.57. In addition, Bloom Energy Corp saw -19.11% 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 Sridhar KR, who sale 50,746 shares at the price of $9.74 back on Mar 18 ’24. After this action, Sridhar KR now owns 2,702,608 shares of Bloom Energy Corp, valued at $494,266 using the latest closing price.
SODERBERG SHAWN MARIE sale 2,160 shares at $9.31 during a trade that took place back on Mar 18 ’24, which means that SODERBERG SHAWN MARIE is holding 152,849 shares at $20,110 based on the most recent closing price.
Stock Fundamentals for BE
Current profitability levels for the company are sitting at:
- -0.16 for the present operating margin
- 0.15 for the gross margin
The net margin for Bloom Energy Corp stands at -0.23. The total capital return value is set at -0.11. Equity return is now at value -71.69, with -13.86 for asset returns.
Based on Bloom Energy Corp (BE), the company’s capital structure generated 0.74 points at debt to capital in total, while cash flow to debt ratio is standing at -0.26. The debt to equity ratio resting at 2.9. The interest coverage ratio of the stock is -1.93.
Currently, EBITDA for the company is -129.21 million with net debt to EBITDA at -6.11. When we switch over and look at the enterprise to sales, we see a ratio of 2.61. The receivables turnover for the company is 3.39for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.50.
Conclusion
In conclusion, Bloom Energy Corp (BE) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
