Bloom Energy Corp [NYSE: BE] closed the trading session at $10.09.
The stocks have a year to date performance of -31.82 percent and weekly performance of -0.59 percent. The stock has been moved at 3.17 percent over the last six months. The stock has performed -13.09 percent around the most recent 30 days and changed -27.67 percent over the most recent 3-months.
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If compared to the average trading volume of 5.32M shares, BE reached to a volume of 4591576 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $16.28 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 2.18. 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.
Jefferies have made an estimate for Bloom Energy Corp shares, keeping their opinion on the stock as Hold, with their previous recommendation back on September 06, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price from $10 to $13. The new note on the price target was released on May 10, 2024, representing the official price target for Bloom Energy Corp stock. Previously, the target price had yet another raise to $21, while Evercore ISI analysts kept a Outperform rating on BE stock. On March 06, 2024, analysts increased their price target for BE shares from 9 to 11.
The Average True Range (ATR) for Bloom Energy Corp is set at 0.69, with the Price to Sales ratio for BE stock in the period of the last 12 months amounting to 1.73. The Price to Book ratio for the last quarter was 5.42, with the Price to Cash per share for the same quarter was set at 2.66.
BE stock trade performance evaluation
Bloom Energy Corp [BE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.59. With this latest performance, BE shares dropped by -13.09% in over the last four-week period, additionally plugging by 3.17% over the last 6 months – not to mention a drop of -33.27% 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 40.57, with the RSI for the last a single of trading hit 40.00, and the three-weeks RSI is set at 41.67 for Bloom Energy Corp [BE]. The present Moving Average for the last 50 days of trading for this stock 12.12, while it was recorded at 10.22 for the last single week of trading, and 12.20 for the last 200 days.
Bloom Energy Corp [BE]: An insightful look at the core fundamentals
Bloom Energy Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.20 and a Current Ratio set at 4.52.
Bloom Energy Corp [BE]: Institutional Ownership
There are presently around $86.44%, or 99.70%% of BE stock, in the hands of institutional investors. The top three institutional holders of BE stocks are: AMERIPRISE FINANCIAL INC with ownership of 40.76 million shares, which is approximately 18.0704%. VANGUARD GROUP INC, holding 18.99 million shares of the stock with an approximate value of $$232.47 million in BE stocks shares; and VANGUARD GROUP INC, currently with $$178.32 million in BE stock with ownership which is approximately 6.4582%.
