The 36-month beta value for BE is at 3.05. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 6 rating it as “overweight,” 12 as “hold,” and 0 as “sell.”
The public float for BE is 193.33M, and currently, shorts hold a 20.43% of that float. The average trading volume for BE on December 24, 2024 was 8.39M shares.
BE) stock’s latest price update
Bloom Energy Corp (NYSE: BE)’s stock price has increased by 0.33 compared to its previous closing price of 24.12. However, the company has seen a -7.46% decrease in its stock price over the last five trading sessions. fool.com reported 2024-12-23 that The artificial intelligence (AI) industry is rapidly transforming technology, and with this evolution comes a surge in energy demand.
BE’s Market Performance
Bloom Energy Corp (BE) has seen a -7.46% fall in stock performance for the week, with a 1.09% gain in the past month and a 129.60% surge in the past quarter. The volatility ratio for the week is 8.79%, and the volatility levels for the past 30 days are at 7.73% for BE. The simple moving average for the past 20 days is -4.87% for BE’s stock, with a 78.70% 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 32.83% 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 -15.68% of loss for the given period.
Volatility was left at 7.73%, however, over the last 30 days, the volatility rate increased by 8.79%, as shares sank -6.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +125.33% upper at present.
During the last 5 trading sessions, BE fell by -7.46%, which changed the moving average for the period of 200-days by +134.72% in comparison to the 20-day moving average, which settled at $25.44. In addition, Bloom Energy Corp saw 63.51% 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 Chitoori Satish, who sale 1,042 shares at the price of $25.61 back on Dec 16 ’24. After this action, Chitoori Satish now owns 185,456 shares of Bloom Energy Corp, valued at $26,686 using the latest closing price.
SATISH PRABHU CHITOORI, the Officer of Bloom Energy Corp, proposed sale 1,042 shares at $25.61 during a trade that took place back on Dec 16 ’24, which means that SATISH PRABHU CHITOORI is holding shares at $26,680 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 5.35. 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
In conclusion, Bloom Energy Corp (BE) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
