FuelCell Energy, Inc. (NASDAQ:FCEL) traded at $3.07 at last check on Friday, Jul 10, making an upward move of 0.99% on its previous day’s price.
Looking at the stock we see that its previous close was $3.04 and the beta (5Y monthly) reads 2.04 with the day’s price range being $2.9300 – 3.3600. In terms of its 52-week price range, FCEL has a high of $3.42 and a low of $0.23. The company’s stock has gained about -8.9% over that past 30 days.
On the other hand, looking at the outlook for the FCEL stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 4 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 3 have rated the FuelCell Energy, Inc. (FCEL) stock as a Hold, while none rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas 1 suggests the stock as a Sell. The stock has an overall rating of Underweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the FCEL stock currently stands at 0, and the current price level is 24.23% off its SMA20 and 34.04% from its 50-day simple moving average. The RSI (14) is pointing at 66.08 while the volatility over the past week is 12% and drops to 11.8% over the past one month. The beta value is 2.06, while the average true range (ATR) is currently pointing at 0.32. The average price target for the stock over the next 12 months is $2.42, with the estimates having a low of $1.5 and a high of $3. These price ends are -51.14% and -2.28% off the current price level respectively, although investors could be excited at the prospect of a -10.42% if the FCEL share price touches on the median price of $2.75.
Let’s briefly compare FuelCell (FCEL) stock to its peers. We find that today’s price change of +0.99% and +298.86% over the past 12 months for FCEL competes that of Equinor ASA (EQNR), which has seen its stock price rise 2.71% in the latest trading session and is -27.74% over the last one year. Another of its peers Transcananda Pipelines (TRP) has climbed 1.48% today, but is -18.35% down over the past year, while Evergy Inc (EVRG) is also up 0.99% yet its price remains in the green at 298.86% over the same period. Equinor has a P/E ratio of 0 compared to FuelCell’s 0 and Transcananda’s 12.88. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 1.44% and 1.05%, respectively, in early deals.
Coming back to FuelCell Energy, Inc. (NASDAQ:FCEL), we note that the average 3-month trading volume was 14.27 Million, while that of the preceding 10-day period stands at 25.36 Million. Current shares outstanding are 217.91 Million.
According to data from Thomson Reuters, insiders hold 5.26% of the company’s shares while institutions hold 9.65%. The data shows that short shares as of June 14, 2020, stood at 27.54 Million at a short ratio of 1.97. This represents a 13.05% Short interest in Shares outstanding on June 14, 2020. Shares short dropped in June from the previous month at 28.3 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +22.31% up in year-to-date price movement.