Fuelcell Energy Inc (NASDAQ:FCEL) price on Wednesday, October 23, rose 2.43% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.33.
A look at the stock’s price movement, the close in the last trading session was $0.32, moving within a range at $0.32 and $0.331. The beta value (5-Year monthly) was 3.847. Turning to its 52-week performance, $1.84 and $0.32 were the 52-week high and 52-week low respectively. Overall, FCEL moved -19.24% over the past month.
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Fuelcell Energy Inc’s market cap currently stands at around $182.54 million, with investors looking forward to this quarter’s earnings report slated for in November.
Analysts have a consensus estimate of 40.83M for the company’s revenue for the quarter, with a low and high estimate of 32.9M and 48M respectively. The average forecast suggests up to a 81.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 103.54M, representing a -16.10% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that FCEL is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
8 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 7 analyst(s) rate the stock as a Hold, 0 recommend FCEL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
FCEL’s current price about -5.82% and -18.81% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.47, while 7-day volatility ratio is 5.28% and 6.06% in the 30-day chart. Further, Fuelcell Energy Inc (FCEL) has a beta value of 3.86, and an average true range (ATR) of 0.02. Analysts have given the company’s stock an average 52-week price target of $3, forecast between a low of $1.25 and high of $5.75. Looking at the price targets, the low is -278.79% off current price level while to achieve the yearly target high, price needs to move -1642.42%. Nonetheless, investors will most likely welcome a -809.09% jump to $3 which is the analysts’ median price.
If we refocus on Fuelcell Energy Inc (NASDAQ:FCEL), historical trading data shows that trading volumes averaged 14.05 over the past 10 days and 28.25 million over the past 3 months. The company’s latest data on shares outstanding shows there are 556.01 million shares.
The 0.29% of Fuelcell Energy Inc’s shares are in the hands of company insiders while institutional holders own 37.41% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 126.08 million on 2024-09-30, giving us a short ratio of 5.41. The data shows that as of 2024-09-30 short interest in Fuelcell Energy Inc (FCEL) stood at 2275.0 of shares outstanding, with shares short falling to 129.76 million registered in 2024-08-30. Current price change has pushed the stock -79.48% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FCEL stock continues to rise going into the next quarter.
