Bloom Energy Corp [NYSE: BE] stock went on a downward path that fall over -3.49% on Monday, amounting to a one-week price decrease of less than -3.31%.
Over the last 12 months, BE stock rose by 12.82%. The one-year Bloom Energy Corp stock forecast points to a potential upside of 3.73. The average equity rating for BE stock is currently 2.12, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $3.58 billion, with 224.72 million shares outstanding and 192.85 million shares in the current float. Compared to the average trading volume of 6.85M shares, BE stock reached a trading volume of 6794306 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Bloom Energy Corp [BE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BE shares is $16.36 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 2.12. 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.
TD Cowen have made an estimate for Bloom Energy Corp shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 10, 2024. While these analysts kept the previous recommendation, Evercore ISI raised their target price to Outperform. The new note on the price target was released on April 01, 2024, representing the official price target for Bloom Energy Corp stock. Previously, the target price had yet another raise from $9 to $11, while Truist kept a Hold rating on BE stock.
The Average True Range (ATR) for Bloom Energy Corp is set at 1.18, with the Price to Sales ratio for BE stock in the period of the last 12 months amounting to 2.76. The Price to Book ratio for the last quarter was 7.67, with the Price to Cash per share for the same quarter was set at 2.50.
BE Stock Performance Analysis:
Bloom Energy Corp [BE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.31. With this latest performance, BE shares gained by 37.67% in over the last four-week period, additionally plugging by 9.07% over the last 6 months – not to mention a rise of 12.82% 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 62.02, with the RSI for the last a single of trading hit 59.83, and the three-weeks RSI is set at 62.22 for Bloom Energy Corp [BE]. The present Moving Average for the last 50 days of trading for this stock 12.03, while it was recorded at 16.15 for the last single week of trading, and 12.29 for the last 200 days.
Insight into Bloom Energy Corp Fundamentals:
Bloom Energy Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.81 and a Current Ratio set at 4.29.
Bloom Energy Corp [BE] Institutonal Ownership Details
The top three institutional holders of BE stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in BE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in BE stock with ownership which is approximately 5.8386%.
