Stem Inc (NYSE: STEM) has experienced a rise in its stock price by 4.78 compared to its previous closing price of 1.36. However, the company has seen a fall of -24.60% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-02 that Start Time: 17:00 January 1, 0000 6:02 PM ET Stem, Inc. (NYSE:STEM ) Q1 2024 Earnings Conference Call May 02, 2024, 17:00 PM ET Company Participants John Carrington – CEO Bill Bush – CFO Prakesh Patel – Chief Strategy Officer Ted Durbin – Head of IR Conference Call Participants James West – Evercore ISI Jon Windham – UBS Andrew Percoco – Morgan Stanley Thomas Boyes – TD Cowen Justin Clare – ROTH NKM Ryan Lee – Goldman Sachs Joe Osha – Guggenheim Partners Kashy Harrison – Piper Sandler Operator Greetings, and welcome to Stem, Inc. First Quarter 2024 Results Conference Call. At this time, all participants are in a listen-only mode.
Is It Worth Investing in Stem Inc (NYSE: STEM) Right Now?
The 36-month beta value for STEM is also noteworthy at 1.90. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for STEM is 144.85M, and at present, short sellers hold a 26.16% of that float. The average trading volume of STEM on May 06, 2024 was 5.04M shares.
STEM’s Market Performance
The stock of Stem Inc (STEM) has seen a -24.60% decrease in the past week, with a -26.17% drop in the past month, and a -49.11% fall in the past quarter. The volatility ratio for the week is 9.92%, and the volatility levels for the past 30 days are at 8.15% for STEM. The simple moving average for the past 20 days is -17.91% for STEM’s stock, with a -60.04% simple moving average for the past 200 days.
Analysts’ Opinion of STEM
Many brokerage firms have already submitted their reports for STEM stocks, with Goldman repeating the rating for STEM by listing it as a “Neutral.” The predicted price for STEM in the upcoming period, according to Goldman is $2.50 based on the research report published on March 22, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see STEM reach a price target of $5, previously predicting the price at $7. The rating they have provided for STEM stocks is “Outperform” according to the report published on February 29th, 2024.
STEM Trading at -28.31% from the 50-Day Moving Average
After a stumble in the market that brought STEM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -81.70% of loss for the given period.
Volatility was left at 8.15%, however, over the last 30 days, the volatility rate increased by 9.92%, as shares sank -28.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -45.88% lower at present.
During the last 5 trading sessions, STEM fell by -23.54%, which changed the moving average for the period of 200-days by -80.01% in comparison to the 20-day moving average, which settled at $1.7068. In addition, Stem Inc saw -63.27% 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 STEM starting from Russo Alan, who sale 24,142 shares at the price of $1.87 back on Apr 30 ’24. After this action, Russo Alan now owns 212,910 shares of Stem Inc, valued at $45,146 using the latest closing price.
BUSH WILLIAM JOHN, the Chief Financial Officer of Stem Inc, sale 24,035 shares at $1.87 during a trade that took place back on Apr 30 ’24, which means that BUSH WILLIAM JOHN is holding 390,217 shares at $44,945 based on the most recent closing price.
Stock Fundamentals for STEM
Current profitability levels for the company are sitting at:
- -0.46 for the present operating margin
- -0.03 for the gross margin
The net margin for Stem Inc stands at -0.4. The total capital return value is set at -0.19. Equity return is now at value -37.81, with -12.54 for asset returns.
Based on Stem Inc (STEM), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at -0.32. The debt to equity ratio resting at 1.45. The interest coverage ratio of the stock is -22.94.
Currently, EBITDA for the company is -120.73 million with net debt to EBITDA at -3.12. When we switch over and look at the enterprise to sales, we see a ratio of 1.7. The receivables turnover for the company is 1.75for trailing twelve months and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.63.
Conclusion
In summary, Stem Inc (STEM) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
