The stock of Bloom Energy Corp (BE) has seen a 5.83% increase in the past week, with a -16.85% drop in the past month, and a -4.38% decrease in the past quarter. The volatility ratio for the week is 5.16%, and the volatility levels for the past 30 days are at 7.31% for BE. The simple moving average for the last 20 days is -5.30% for BE’s stock, with a simple moving average of -4.02% for the last 200 days.
Is It Worth Investing in Bloom Energy Corp (NYSE: BE) Right Now?
The stock has a 36-month beta value of 2.70. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 1 as “sell.”
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The public float for BE is 193.24M, and at present, short sellers hold a 22.87% of that float. On August 20, 2024, the average trading volume of BE was 7.02M shares.
BE) stock’s latest price update
Bloom Energy Corp (NYSE: BE) has experienced a rise in its stock price by 1.55 compared to its previous closing price of 11.61. However, the company has seen a gain of 5.83% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-13 that Bloom Energy Corporation reported mixed second quarter results. While revenues of $335.8 million came in ahead of consensus expectations, cash usage of $187.5 million increased to a new 12-month high. On the call, management projected positive cash flow from operations for the second half of the year, but full-year cash flow is likely to remain substantially negative. During the quarter, the company bolstered liquidity by issuing an aggregate $402.5 million in new 3% green convertible notes.
Analysts’ Opinion of BE
Many brokerage firms have already submitted their reports for BE stocks, with TD Cowen repeating the rating for BE by listing it as a “Hold.” The predicted price for BE in the upcoming period, according to TD Cowen is $13 based on the research report published on May 10, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see BE reach a price target of $21. The rating they have provided for BE stocks is “Outperform” according to the report published on April 01st, 2024.
Truist gave a rating of “Hold” to BE, setting the target price at $11 in the report published on March 06th of the current year.
BE Trading at -10.33% 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 -35.01% of loss for the given period.
Volatility was left at 7.31%, however, over the last 30 days, the volatility rate increased by 5.16%, as shares sank -17.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.19% lower at present.
During the last 5 trading sessions, BE rose by +5.83%, which changed the moving average for the period of 200-days by +13.37% in comparison to the 20-day moving average, which settled at $12.33. In addition, Bloom Energy Corp saw -20.34% 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 SODERBERG SHAWN MARIE, who sale 1,538 shares at the price of $11.68 back on Aug 16 ’24. After this action, SODERBERG SHAWN MARIE now owns 167,818 shares of Bloom Energy Corp, valued at $17,964 using the latest closing price.
SHAWN M. SODERBERG, the Officer of Bloom Energy Corp, proposed sale 1,538 shares at $11.98 during a trade that took place back on Aug 16 ’24, which means that SHAWN M. SODERBERG is holding shares at $18,425 based on the most recent closing price.
Stock Fundamentals for BE
Current profitability levels for the company are sitting at:
- -0.09 for the present operating margin
- 0.17 for the gross margin
The net margin for Bloom Energy Corp stands at -0.21. The total capital return value is set at -0.06. Equity return is now at value -77.65, with -10.77 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 -0.28. The debt to equity ratio resting at 2.78. The interest coverage ratio of the stock is -1.54.
Currently, EBITDA for the company is -129.21 million with net debt to EBITDA at -18.55. When we switch over and look at the enterprise to sales, we see a ratio of 2.86. The receivables turnover for the company is 2.12for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.52.
Conclusion
To sum up, Bloom Energy Corp (BE) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
