Stem Inc. [NYSE: STEM] gained 4.40% or 1.15 points to close at $27.26 with a heavy trading volume of 2271345 shares. The company report on July 23, 2021 that Stem, Inc. Announces Second Quarter 2021 Earnings Results Conference Call.
Stem, Inc. (“Stem” or “the Company”) (NYSE: STEM), a global leader in artificial intelligence (AI)-driven energy storage services, announced that it will hold a conference call on Wednesday, August 11, 2021 to discuss its financial results for the quarter ended June 30, 2021.
The conference call is scheduled to begin at 5:00 p.m. Eastern Time. A press release regarding the results will be issued at 4:05 p.m. Eastern Time prior to the call.
It opened the trading session at $26.35, the shares rose to $27.78 and dropped to $26.02, the range by which the price of stock traded the whole day. The daily chart for STEM points out that the company has recorded 11.54% gains over the past six months. However, it is still -183.96% lower than its most recent low trading price.
If we look at the average trading volume of 2.97M shares, STEM reached to a volume of 2271345 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Stem Inc. [STEM]:
Susquehanna have made an estimate for Stem Inc. shares, keeping their opinion on the stock as Positive, with their previous recommendation back on July 19, 2021. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Outperform. The new note on the price target was released on June 29, 2021, representing the official price target for Stem Inc. stock. Previously, the target price had yet another raise to $30, while Goldman analysts kept a Buy rating on STEM stock.
The Average True Range (ATR) for Stem Inc. is set at 2.03, with the Price to Sales ratio for STEM stock in the period of the last 12 months amounting to 98.09. The Price to Book ratio for the last quarter was 14.27, with the Price to Cash per share for the same quarter was set at 0.00.
Trading performance analysis for STEM stock
Stem Inc. [STEM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.81. With this latest performance, STEM shares dropped by -21.42% in over the last four-week period, additionally plugging by 11.54% over the last 6 months.
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 STEM stock in for the last two-week period is set at 42.04, with the RSI for the last a single of trading hit 40.79, and the three-weeks RSI is set at 44.54 for Stem Inc. [STEM]. The present Moving Average for the last 50 days of trading for this stock 30.12, while it was recorded at 27.07 for the last single week of trading, and 24.81 for the last 200 days.
Stem Inc. [STEM]: A deeper dive into fundamental analysis
Stem Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.40.
An analysis of insider ownership at Stem Inc. [STEM]
There are presently around $399 million, or 30.90% of STEM stock, in the hands of institutional investors. The top three institutional holders of STEM stocks are: WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC with ownership of 5,316,309, which is approximately -3.231% of the company’s market cap and around 8.80% of the total institutional ownership; VAN ECK ASSOCIATES CORP, holding 1,176,297 shares of the stock with an approximate value of $32.07 million in STEM stocks shares; and GILDER GAGNON HOWE & CO LLC, currently with $28.47 million in STEM stock with ownership of nearly 17.936% of the company’s market capitalization.
86 institutional holders increased their position in Stem Inc. [NYSE:STEM] by around 5,575,445 shares. Additionally, 57 investors decreased positions by around 18,211,202 shares, while 6 investors held positions by with 9,164,823 shares. The mentioned changes placed institutional holdings at 14,621,824 shares, according to the latest SEC report filing. STEM stock had 67 new institutional investments in for a total of 4,149,106 shares, while 37 institutional investors sold positions of 14,264,371 shares during the same period.