Is Fuelcell Energy Inc (NASDAQ: FCEL) Stock Good For Medium-Term Investing?

Fuelcell Energy Inc (NASDAQ:FCEL) traded at $0.34 at close of the session on current trade day and made a downward move of -2.22% on its previous day’s price.

Looking at the stock we see that its previous close was $0.35 and the beta (5Y monthly) reads 3.847 with the day’s price range being $0.3341 – $0.3515. In terms of its 52-week price range, FCEL has a high of $1.84 and a low of $0.32. The company’s stock has lost about -29.55% over that past 30 days.

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Fuelcell Energy Inc has a market cap of $188.38 million and is expected to release its quarterly earnings report in November. Estimates by analysts give the company expected earnings per share (EPS) of -0.06, with the EPS growth for the year raised at -0.25 for current year and -0.25 for next year.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 40.83M, with a low of 32.9M and a high of 48M. The median projection represents growth squeezing down to 81.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 103.54M, or -16.10% down from figures reported last year.

On the other hand, looking at the outlook for the FCEL stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.

Based on estimates by 8 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 7 have rated the Fuelcell Energy Inc (FCEL) stock as a Hold, while 0 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -13.22% off its SMA20 and -19.98% from its 50-day simple moving average. The RSI (14) is pointing at 35.97 while the volatility over the past week is 6.57% and jumps to 7.66% over the past one month. The beta value is 3.87, while the average true range (ATR) is currently pointing at 0.03. The average price target for the stock over the next 12 months is $3, with the estimates having a low of $1.25 and a high of $5.75. These price ends are -267.65% and -1591.18% off the current price level respectively, although investors could be excited at the prospect of a -782.35% if the FCEL share price touches on the median price of $3.

Coming back to Fuelcell Energy Inc (NASDAQ:FCEL), we note that the average 3-month trading volume was 35.66 million, while that of the preceding 10-day period stands at 23.55 million. Current shares outstanding are 556.01 million.

The insiders hold 0.28% of the company’s shares while institutions hold 37.37%. The data shows that short shares as of 2024-09-30, stood at 126.08 million at a short ratio of 5.41. This represents a 2275.00 short interest in shares outstanding on 2024-09-30. Shares short fall in September from the previous month at 129.76 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -78.82% down in year-to-date price movement.

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