BE has 36-month beta value of 3.04. Analysts have mixed views on the stock, with 8 analysts rating it as a “buy,” 6 as “overweight,” 12 as “hold,” and 0 as “sell.”
The public float for BE is 193.33M, and currently, short sellers hold a 22.05% ratio of that float. The average trading volume of BE on December 17, 2024 was 8.34M shares.
BE) stock’s latest price update
The stock of Bloom Energy Corp (NYSE: BE) has increased by 2.19 when compared to last closing price of 25.59. Despite this, the company has experienced a -1.62% fall in its stock price over the last five trading sessions. zacks.com reported 2024-12-16 that Investors with an interest in Alternative Energy – Other stocks have likely encountered both PNM Resources (TXNM) and Bloom Energy (BE). But which of these two stocks presents investors with the better value opportunity right now?
BE’s Market Performance
Bloom Energy Corp (BE) has seen a -1.62% fall in stock performance for the week, with a 96.91% gain in the past month and a 159.17% surge in the past quarter. The volatility ratio for the week is 9.52%, and the volatility levels for the past 30 days are at 8.98% for BE. The simple moving average for the past 20 days is 2.46% for BE’s stock, with a 98.30% simple moving average for the past 200 days.
Analysts’ Opinion of BE
Many brokerage firms have already submitted their reports for BE stocks, with ROTH MKM repeating the rating for BE by listing it as a “Neutral.” The predicted price for BE in the upcoming period, according to ROTH MKM is $25 based on the research report published on December 11, 2024 of the current year 2024.
HSBC Securities, on the other hand, stated in their research note that they expect to see BE reach a price target of $24.50. The rating they have provided for BE stocks is “Hold” according to the report published on November 20th, 2024.
Piper Sandler gave a rating of “Overweight” to BE, setting the target price at $20 in the report published on November 15th of the current year.
BE Trading at 54.98% 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 -8.89% of loss for the given period.
Volatility was left at 8.98%, however, over the last 30 days, the volatility rate increased by 9.52%, as shares surge +23.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +141.46% upper at present.
During the last 5 trading sessions, BE fell by -1.62%, which changed the moving average for the period of 200-days by +188.00% in comparison to the 20-day moving average, which settled at $25.52. In addition, Bloom Energy Corp saw 76.69% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BE starting from SATISH PRABHU CHITOORI, who proposed sale 1,042 shares at the price of $25.61 back on Dec 16 ’24. After this action, SATISH PRABHU CHITOORI now owns shares of Bloom Energy Corp, valued at $26,680 using the latest closing price.
Sridhar KR, the Chairman & CEO of Bloom Energy Corp, sale 72,903 shares at $25.02 during a trade that took place back on Nov 20 ’24, which means that Sridhar KR is holding 1,869,593 shares at $1,824,033 based on the most recent closing price.
Stock Fundamentals for BE
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.25 for the gross margin
The net margin for Bloom Energy Corp stands at -0.1. The total capital return value is set at -0.02. Equity return is now at value -28.23, with -5.20 for asset returns.
Based on Bloom Energy Corp (BE), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at -0.24. The debt to equity ratio resting at 2.62. The interest coverage ratio of the stock is -0.52.
Currently, EBITDA for the company is -135.13 million with net debt to EBITDA at -84.29. When we switch over and look at the enterprise to sales, we see a ratio of 5.7. The receivables turnover for the company is 1.74for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.28.
Conclusion
To put it simply, Bloom Energy Corp (BE) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
