The stock price of Bloom Energy Corp (NYSE: BE) has surged by 5.09 when compared to previous closing price of 10.22, but the company has seen a -0.83% decline in its stock price over the last five trading sessions. zacks.com reported 2024-10-08 that Bloom Energy (BE) concluded the recent trading session at $10.25, signifying a -1.06% move from its prior day’s close.
Is It Worth Investing in Bloom Energy Corp (NYSE: BE) Right Now?
The 36-month beta value for BE is also noteworthy at 2.70. 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.”
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The public float for BE is 192.95M, and at present, short sellers hold a 20.71% of that float. The average trading volume of BE on October 14, 2024 was 5.13M shares.
BE’s Market Performance
The stock of Bloom Energy Corp (BE) has seen a -0.83% decrease in the past week, with a 3.47% rise in the past month, and a -26.13% fall in the past quarter. The volatility ratio for the week is 5.49%, and the volatility levels for the past 30 days are at 5.73% for BE. The simple moving average for the past 20 days is 2.79% for BE’s stock, with a -9.47% simple moving average for the past 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 “Hold.” The predicted price for BE in the upcoming period, according to Jefferies is $11 based on the research report published on September 06, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see BE reach a price target of $13, previously predicting the price at $10. The rating they have provided for BE stocks is “Hold” according to the report published on May 10th, 2024.
Evercore ISI gave a rating of “Outperform” to BE, setting the target price at $21 in the report published on April 01st of the current year.
BE Trading at -1.16% 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 -40.79% of loss for the given period.
Volatility was left at 5.73%, however, over the last 30 days, the volatility rate increased by 5.49%, as shares surge +5.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.08% lower at present.
During the last 5 trading sessions, BE fell by -0.83%, which changed the moving average for the period of 200-days by -28.83% in comparison to the 20-day moving average, which settled at $10.45. In addition, Bloom Energy Corp saw -27.43% 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 Chitoori Satish, who sale 4,785 shares at the price of $9.86 back on Sep 16 ’24. After this action, Chitoori Satish now owns 186,498 shares of Bloom Energy Corp, valued at $47,180 using the latest closing price.
SATISH PRABHU CHITOORI, the Officer of Bloom Energy Corp, proposed sale 4,785 shares at $9.86 during a trade that took place back on Sep 16 ’24, which means that SATISH PRABHU CHITOORI is holding shares at $47,168 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 -1.12.
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 2.68. 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
In summary, Bloom Energy Corp (BE) 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.
