Bloom Energy Corp [NYSE: BE] gained 2.14% on the last trading session, reaching $24.78 price per share at the time.
If compared to the average trading volume of 9.17M shares, BE reached a trading volume of 4128290 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 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 $24.33 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 2.36. 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.
ROTH MKM have made an estimate for Bloom Energy Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 11, 2024. The new note on the price target was released on November 20, 2024, representing the official price target for Bloom Energy Corp stock. Previously, the target price had yet another raise from $10 to $20, while Piper Sandler kept a Overweight rating on BE stock. On September 06, 2024, analysts decreased their price target for BE shares from 15 to 11.
The Average True Range (ATR) for Bloom Energy Corp is set at 2.19, with the Price to Sales ratio for BE stock in the period of the last 12 months amounting to 4.50. The Price to Book ratio for the last quarter was 13.14, with the Price to Cash per share for the same quarter was set at 2.27.
Trading performance analysis for BE stock
Bloom Energy Corp [BE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.36. With this latest performance, BE shares dropped by -2.75% in over the last four-week period, additionally plugging by 132.68% over the last 6 months – not to mention a rise of 124.66% 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 53.06, with the RSI for the last a single of trading hit 54.29, and the three-weeks RSI is set at 53.34 for Bloom Energy Corp [BE]. The present Moving Average for the last 50 days of trading for this stock 24.59, while it was recorded at 23.86 for the last single week of trading, and 15.49 for the last 200 days.
Bloom Energy Corp [BE]: A deeper dive into fundamental analysis
Bloom Energy Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.25 and a Current Ratio set at 3.28.
An analysis of Institutional ownership at Bloom Energy Corp [BE]
There are presently around $84.22%, or 97.41%% 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%.
