Bloom Energy Corporation [NYSE: BE] slipped around -0.54 points on Wednesday, while shares priced at $25.88 at the close of the session, down -2.04%. The company report on December 14, 2020 that Bloom Energy and El Camino Health Deploy Shield T3 to Curb COVID-19.
New Mobile Lab Powered by Bloom Energy Processes Tests Reliably and Quickly to Bolster Safety at Businesses and Schools.
Provides Critically Needed Tests for Disadvantaged Communities as Demand Surges.
Bloom Energy Corporation stock is now 246.45% up from its year-to-date (YTD) trading value. BE Stock saw the intraday high of $27.32 and lowest of $25.21 per share. The company’s 52-week high price is 31.04, which means current price is +762.67% above from all time high which was touched on 12/08/20.
Compared to the average trading volume of 6.98M shares, BE reached a trading volume of 4749546 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Bloom Energy Corporation [BE]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BE shares is $18.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BE stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Johnson Rice have made an estimate for Bloom Energy Corporation shares, keeping their opinion on the stock as Accumulate, with their previous recommendation back on December 10, 2020. The new note on the price target was released on December 09, 2020, representing the official price target for Bloom Energy Corporation stock.
The Average True Range (ATR) for Bloom Energy Corporation is set at 2.55, with the Price to Sales ratio for BE stock in the period of the last 12 months amounting to 6.78.
How has BE stock performed recently?
Bloom Energy Corporation [BE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.48. With this latest performance, BE shares gained by 35.14% in over the last four-week period, additionally plugging by 184.71% over the last 6 months – not to mention a rise of 290.94% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BE stock in for the last two-week period is set at 57.17, with the RSI for the last a single of trading hit 55.18, and the three-weeks RSI is set at 57.83 for Bloom Energy Corporation [BE]. The present Moving Average for the last 50 days of trading for this stock 20.22, while it was recorded at 25.42 for the last single week of trading, and 13.21 for the last 200 days.
Bloom Energy Corporation [BE]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Bloom Energy Corporation [BE] shares currently have an operating margin of -30.00 and a Gross Margin at +12.08. Bloom Energy Corporation’s Net Margin is presently recorded at -38.77.
Return on Total Capital for BE is now -26.80, given the latest momentum, and Return on Invested Capital for the company is -55.07. Additionally, BE Total Debt to Total Capital is recorded at 131.11, with Total Debt to Total Assets ending up at 82.71.
Reflecting on the efficiency of the workforce at the company, Bloom Energy Corporation [BE] managed to generate an average of -$200,536 per employee. Receivables Turnover for the company is 11.10 with a Total Asset Turnover recorded at a value of 0.58.Bloom Energy Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.70.
Earnings analysis for Bloom Energy Corporation [BE]
With the latest financial reports released by the company, Bloom Energy Corporation posted -0.28/share EPS, while the average EPS was predicted by analysts to be reported at 0.01/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -2,900.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Bloom Energy Corporation go to 25.00%.
Insider trade positions for Bloom Energy Corporation [BE]
There are presently around $2,136 million, or 60.90% of BE stock, in the hands of institutional investors. The top three institutional holders of BE stocks are: AMERIPRISE FINANCIAL INC with ownership of 12,474,373, which is approximately 15.79% of the company’s market cap and around 1.30% of the total institutional ownership; CANADA PENSION PLAN INVESTMENT BOARD, holding 9,206,695 shares of the stock with an approximate value of $238.27 million in BE stocks shares; and VANGUARD GROUP INC, currently with $197.03 million in BE stock with ownership of nearly 16.887% of the company’s market capitalization.
Positions in Bloom Energy Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 125 institutional holders increased their position in Bloom Energy Corporation [NYSE:BE] by around 30,851,066 shares. Additionally, 75 investors decreased positions by around 7,971,630 shares, while 32 investors held positions by with 43,715,422 shares. The mentioned changes placed institutional holdings at 82,538,118 shares, according to the latest SEC report filing. BE stock had 52 new institutional investments in for a total of 19,134,999 shares, while 28 institutional investors sold positions of 2,964,811 shares during the same period.