Bloom Energy Corporation (NYSE:BE) price is hovering lower on Wednesday, September 15, dropping -2.62% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $19.64, with intraday deals fluctuating between $19.405 and $20.97. The company’s 5Y monthly beta was ticking 3.46. Taking into account the 52-week price action we note that the stock hit a 52-week high of $44.95 and 52-week low of $12.37. The stock subtracted -7.53% on its value in the past month.
Bloom Energy Corporation, which has a market valuation of $3.53 billion, is expected to release its quarterly earnings report Oct 27, 2021 – Nov 01, 2021. Analysts tracking BE have forecast the quarterly EPS to shrink by -0.07 per share this quarter, while the same analysts predict the annual EPS to hit -$0.22 for the year 2021 and up to $0.21 for 2022. In this case, analysts estimate an annual EPS growth of 67.20% for the year and 195.50% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $241.48 million, with the likely lows of $227.7 million and highs of $268.45 million. The average estimate suggests sales growth for the quarter will likely rise by 9.10% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $971.92 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 22.40% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give BE a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 15 analysts have assigned BE a recommendation rating as follows: 8 rate it as a Hold; 6 advise Buy while 1 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Bloom Energy Corporation (BE) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that BE’s price is at present -8.17% off the SMA20 and -10.80% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 35.38, with weekly volatility standing at 6.04%. The indicator jumps to 4.62% when calculated based on the past 30 days. Bloom Energy Corporation (NYSE:BE)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 1.09. Considering analysts have assigned the stock a price target range of $21.00-$43.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $30.96. Based on this estimate, we see that today’s price at last check is roughly -9.83% off the estimated low and -124.9% off the forecast high. Investors will no doubt be excited to see the share price fall to $33.00, which is the median consensus price, and at that level BE would be -72.59% from recent price.
An analysis of the Bloom Energy Corporation (NYSE:BE) stock in terms of its daily trading volume indicates that the 3-month average is 2.27 million.
Current records show that the company has 172.75M in outstanding shares. The insiders’ percentage holdings are 1.30% of outstanding shares while the percentage share held by institutions stands at 73.80%. But the -31.47% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.